KMP authorised to decide materiality of events and disclose to exchanges under Reg 30(5)

The company has named the Key Managerial Personnel authorised to decide whether an event is material and to inform the stock exchanges about it.

Wed 7 Oct 2026

Authorised KMP - Chairman & Whole Time Director

Mr. Upendra Shah (Chairman & Whole Time Director)

Authorised KMP - CFO & Managing Director

Mr. Tanmay Shah (CFO & Managing Director)

Authorised KMP - Company Secretary & Compliance Officer

Mr. Vandan Shah (Company Secretary & Compliance Officer)

What this update is about

This is an intimation to the stock exchanges under Regulation 30(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Under this rule, a listed company has to tell the exchanges which officers are authorised to decide whether an event or piece of information is material, and to pass that information on to the exchanges.

The company has said it is acting in terms of its own Policy for Determination of Materiality of Events, and has given the names of the officers who hold this authority.

Who is authorised

• Mr. Upendra Shah, Chairman & Whole Time Director
• Mr. Tanmay Shah, Chief Financial Officer & Managing Director
• Mr. Vandan Shah, Company Secretary & Compliance Officer

Each of these officers is authorised both to determine materiality and to make the disclosure to the stock exchange(s). The company has requested the exchanges to take this information on record. The letter is signed by Mr. Vandan Shah as Company Secretary & Compliance Officer.

Why a company does this

Listed companies are expected to keep the market informed about events that could matter to shareholders. Since a company acts through people, the exchanges and investors need to know exactly who inside the company is responsible for judging materiality and for sending out that information. This update names those people.

How to read it

This is an administrative and compliance-type intimation. It does not announce any new business event, order, transaction or financial result. What it does is tell investors which officers are the points of contact and responsibility for material-event disclosures going forward. Investors who track who speaks for the company on material developments will find this list useful.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.