Dear Kumar,
There is no alternative way to remove or hide this option at MD02/MD03 thru customization.
According the SAP documentation at MD01 some customizations related to list result can be done:
In Customizing, you can make the following settings for the total planning run:
You can define the degree of detail for the material list. For example, you can define that every fifth material is to be displayed in the list.
You can define whether a material list is to be displayed per plant. If this is defined in Customizing, the system will display a material list even if the field in the initial screen was not selected.
BR
Molina