Company names three officials who decide what counts as material news for exchange disclosure
Mold-Tek Technologies has told the exchanges who decides what counts as material news.
By ScoutQuest · · 1 min read
What the update says
The company has listed the Key Managerial Personnel who will decide whether an event or information is material, and who will make disclosures to the stock exchanges as and when required. This is done under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The three officials named
- Mr. J. Lakshmana Rao, Chairman & Managing Director
- Mr. D. Sarveswar Reddy, Chief Financial Officer
- Ms. Chetana Attal, Company Secretary & Compliance Officer
How to reach them
The contact details given are the company's registered office in Jubilee Hills, Hyderabad, its email cstech@moldtekindia.com and its telephone number +91 40 40300300.
The update is signed by Mr. J. Lakshmana Rao as Chairman & Managing Director.
Why companies make this disclosure
Under the listing rules, every listed company must tell the exchanges who is responsible for judging materiality of events and for making timely disclosures. This fixes accountability: investors and the exchanges know which named officials are answerable for announcements.
What this does not tell you
This is a procedural update. It carries no revenue, profit, order, dividend, expansion or management-change information. It is a confirmation of who the designated officials are, and the company has asked the exchanges to take it on record.
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