Authorized persons for materiality determination and disclosure
NSE has disclosed the authorized persons responsible for determining whether events are material and need to be reported to stock exchanges.
- Authorized persons for materiality determination
- Managing Director & CEO Ashishkumar Chauhan, CFO Ian Desouza, and Company Secretary Prajakta Powle
- Role of Managing Director & CEO
- Can determine if an event is material and approve its disclosure
- Role of CFO
- Can determine materiality and approve disclosure
- Role of Company Secretary
- Authorized to make disclosures to the exchange
Regulatory requirement
Under SEBI's Listing Regulations, every listed company must name specific authorized persons who decide whether events are material enough to disclose to stock exchanges.
Who decides what gets disclosed
- Ashishkumar Chauhan (Managing Director & CEO) — can determine if an event is material and approve its disclosure
- Ian Desouza (Chief Financial Officer) — can determine materiality and approve disclosure
- Prajakta Powle (Company Secretary and Compliance Officer) — authorized to make disclosures to the exchange
Why this matters
Material events — such as board decisions, financial results, major contracts, or ownership changes — must be reported quickly. By naming these three persons, NSE has created a clear chain of responsibility. Investors can contact these officials if they believe NSE has failed to disclose something that should have been reported.
This is a routine compliance update. It does not indicate any new event or business decision.
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