Board authorises four KMPs to determine materiality of events and make disclosures
Balu Forge Industries has told BSE and NSE that its Board has authorised four KMPs — MD Jaspalsingh Chandock, Executive Directors Trimaan Chandock and Jaikaran Chandock, and Company Secretary Amit Jain.
By ScoutQuest · · 1 min read
- Authorised KMPs
- Jaspalsingh Chandock (MD), Trimaan Chandock (ED), Jaikaran Chandock (ED), Amit Jain (CS)
- Single Point of Contact
- Amit Jain, Company Secretary
What the update says
Balu Forge Industries has informed BSE and NSE that its Board of Directors has authorised four Key Managerial Personnel to determine materiality of an event or information and to make the related disclosures to the stock exchanges. The authorisation is made under the company's Policy for Determination of Materiality of Events or Information.
Who has been authorised
- Mr. Jaspalsingh Chandock, Managing Director
- Mr. Trimaan Chandock, Executive Director
- Mr. Jaikaran Chandock, Executive Director
- Mr. Amit Jain, Company Secretary & Compliance Officer
One point of contact
Mr. Amit Jain, Company Secretary, is named as the single point of contact among these KMPs for this purpose. The update gives the company's Mumbai office address along with the official email and contact number at which the exchanges can reach him.
Why companies file this
A listed company tells the exchanges which people inside it are empowered to judge whether an event or information is material and to speak on the company's behalf for disclosures. This intimation records that list, so the names and designations are the substance of it.
How a retail investor can read it
This is an administrative update on who handles disclosure decisions at the company. The intimation is signed by Mr. Jaspalsingh Chandock, Managing Director, and is addressed to both BSE and NSE.
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