Board authorises seven key executives to decide which events are material for disclosure
The Board has authorised seven Key Managerial Personnel to decide whether an event or information is material and needs to be disclosed to the stock exchanges.
By ScoutQuest · · 1 min read
- Authorised KMPs
- seven Key Managerial Personnel: Chairman & Managing Director, three Executive Directors, CEO, CFO, and Company Secretary & Compliance…
- Update basis
- intimation under Regulation 30(5) of the SEBI LODR Regulations
- Disclosure of details
- details are also displayed on the company's website
What the update says
The company has told the National Stock Exchange and BSE that its Board of Directors has authorised seven Key Managerial Personnel to decide whether an event or information is material, and to disclose it to the stock exchanges.
The seven people named
- Mr. Sandeep Sudhakar Asolkar, Chairman & Managing Director
- Mr. Sarvesh Kumar Garg, Executive Director
- Mr. Saketchandrasingh Pratapsingh Dhandoriya, Executive Director
- Ms. Prachiti Sandeep Asolkar, Executive Director
- Mr. Mandar Dinkar Desai, Chief Executive Officer
- Mr. Amit Anil Sawant, Chief Financial Officer
- Ms. Shweta Deshpande, Company Secretary & Compliance Officer
Each name is listed with a designated official email ID and a common phone number for contact.
Why this matters, in simple terms
Listed companies must promptly tell the stock exchanges about important events, such as a large order, a fund raise, a key management change or a major legal development. Someone inside the company has to judge what counts as important enough to report. This update names the people who will make that judgement.
What it does not do
It is a housekeeping announcement about who is responsible for disclosure decisions. It does not announce any new order, contract, fund raise, financial result or change in the business.
The update also states that these details are displayed on the company's website.
What a reader can take away
The announcement tells you who to look to when the company decides whether something is material. For a retail investor, the practical value is in knowing the named officers and their roles. The announcement itself does not carry any business or financial update that would change how the company is viewed.
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