Hikal Limited has announced that its Board of Directors has authorized specific Key Managerial Personnel (KMPs) to determine the materiality of events or information and make disclosures to stock exchanges. This move aligns with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enhancing corporate transparency and timely information dissemination to stakeholders.
Hikal Authorizes Key Personnel for Materiality Determination and Disclosure
In a move to streamline and formalize the disclosure process, Hikal Limited’s Board of Directors has designated certain Key Managerial Personnel (KMPs) with the authority to determine the materiality of events or information. This decision is in accordance with Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company’s own policy for determining materiality.
Designated Personnel and Responsibilities
The following KMPs have been authorized:
- Mr. Sameer Hiremath, Chairman and Managing Director, is empowered to determine the materiality of events or information and make disclosures to stock exchanges.
- Mr. Rajasekhar Reddy, Company Secretary & Compliance Officer, will be responsible for the disclosure of material events or information to stock exchanges.
- Mr. Kuldeep Jain, Chief Financial Officer, is also designated within this framework.
This authorization ensures that Hikal Limited maintains robust corporate governance practices by clearly defining roles and responsibilities for managing and disclosing critical information to the investing public and regulatory bodies.
Source: BSE
