What is material event disclosure? SEBI LODR Reg 30 (2026)
Material event disclosure is the obligation on a listed Indian company to report price-sensitive events and information to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It is how the market learns about board decisions, deals, rating changes, and other events that could move a share price. This guide explains what material event disclosure is, the timelines, and how materiality is decided. It is not investment advice.
Definition
Material event disclosure
is the reporting a listed Indian company must make to the stock exchanges under Regulation 30 of the SEBI LODR Regulations, 2015. The events are set out in Schedule III: some are always material, others are disclosed on applying a materiality policy. It keeps the market informed of price-sensitive events. Source: SEBI.
What are the timelines for material event disclosure?
SEBI tightened the timelines in an amendment effective 14 July 2023. How fast a company must disclose depends on where the event comes from:
- Within 30 minutes of the close of the board meeting, for decisions taken at that meeting.
- Within 12 hours of an event that emanates from within the company.
- Within 24 hours of an event that arises from a decision or action outside the company, such as a court order or a counterparty's action.
30 minutes
SEBI LODR deadline to disclose the outcome of a board meeting after it closes (2023 amendment)
Source: SEBI
How is materiality decided?
Schedule III Part A splits events into two groups. Para A events are deemed material and must always be disclosed, for example a change in directors or key managerial personnel, or a fraud. Para B events are disclosed when the company's materiality policy says they matter. To anchor that policy, SEBI set a quantitative test: an event is material if its value or expected impact exceeds the lower of 2 percent of turnover, 2 percent of net worth, or 5 percent of the average of the absolute profit or loss after tax for the last three audited consolidated financial statements.
How material event disclosure sits next to other filings
Regulation 30 is India's ongoing current-event disclosure regime, close in spirit to the SEC's 8-K in the United States. It runs alongside the periodic shareholding pattern and the trade-level insider trading disclosure rules, and it is often where a promoter pledge or a large deal first reaches the market.
Flock reads disclosure filings and keeps each one dated and linked to its source. What any of the data means for you is your call to make.
Frequently asked questions
What is material event disclosure under SEBI LODR?
Material event disclosure is the obligation on a listed Indian company to report price-sensitive events and information to the stock exchanges under Regulation 30 of the SEBI LODR Regulations, 2015. The events are listed in Schedule III, and disclosures go to the exchanges where the company is listed. Source: SEBI.
What are the disclosure timelines under Regulation 30?
After the 2023 amendment effective 14 July 2023, timelines are within 30 minutes of the close of a board meeting for its outcomes, within 12 hours for an event that emanates from within the company, and within 24 hours for an event that arises from a decision or action outside the company. Source: SEBI.
How is materiality decided under Regulation 30?
Some events in Schedule III Part A Para A are always material and must be disclosed. Others in Para B are disclosed on applying a materiality policy. SEBI also set a value test: an event is material if its impact exceeds the lower of 2 percent of turnover, 2 percent of net worth, or 5 percent of the average absolute profit or loss after tax of the last three years. Source: SEBI.
Where can I read a company's material event disclosures?
Listed companies file material event disclosures with the exchanges, so they appear on the NSE and BSE corporate-announcements pages for that company. Each disclosure is dated and tied to the event it reports. Source: NSE, BSE.
Flock tracks these filings, sourced, dated, and linked back to the original. See what smart-money entities disclosed, without the guesswork about what it means.
Disclosures shown are public regulatory filings. Data may be delayed or incomplete. Smart-money entities may no longer hold positions shown. Not investment advice.