POLICY ON DISCLOSURE OF MATERIAL EVENTS

Objectives

The objective of the Policy is to ensure timely and adequate disclosure of material events and price sensitive information under Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 by Savita Oil Technologies Limited (“SOTL”).

Scope

Information relating to material events and which is price sensitive in nature, shall be promptly disseminated to the Stock Exchanges. For this purpose, material event means any information which relates to SOTL and which, if published is likely to materially affect the price of shares of SOTL.

As per Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended from time (“Listing Regulations”), SOTL shall disclose to the Stock Exchanges where it is listed, all the events specifically provided in:

1. Schedule III Part-A Para-A of the Listing Regulations which are deemed to be material events and shall be disclosed by SOTL promptly to the stock exchanges within the prescribed time.
2. Schedule III Part-A Para-B, C and D of the Listing Regulations which may or may not be material to the Company and for which SOTL shall apply the guidelines for materiality as specified in Regulation 30(4) of the Listing Regulations in order to determine whether the event is material.

Prompt disclosure of material events and price sensitive information

Information of material events and price sensitive information shall be given by SOTL to Stock Exchanges and disseminated on a continuous and immediate basis, so that present and potential investors are able to take informed decision with respect to their investment in SOTL.

Authorisation for disclosures
4.1 The Key Managerial Personnel (KMP) are authorized to determine the materiality of an event and to decide:

1. The event that qualifies for disclosure as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015.

2. The appropriate time at which such disclosure is to be filed with the Stock Exchanges.

3. The details that may be filed in the best interest of present and potential investors.

4.2 All such disclosures shall be signed by the Managing Director or Chief Financial Officer or Company Secretary of SOTL.

Posting of information on corporate website

Aforesaid information shall also be posted on SOTL’s website and shall be hosted for atleast 5 years.