Manipal Payment and Identity Solutions Limited’s Board of Directors has authorized the Chief Financial Officer, Ramanath Pai, to determine the materiality of events or information and decide on disclosure requirements. This decision aligns with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring efficient communication of significant corporate events to stakeholders.
Board Authorizes Materiality Determination
In a significant move towards streamlined corporate governance, the Board of Directors of Manipal Payment and Identity Solutions Limited, at its meeting held on November 3, 2026, has passed a resolution to empower its Key Managerial Personnel. This resolution specifically targets the determination of materiality for corporate events and information, a critical function under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Delegation of Disclosure Authority
The Board has officially authorized Ramanath Pai, Chief Financial Officer, to assess the significance of various events and information impacting the company. Mr. Pai will also be responsible for deciding the appropriate disclosure procedures in accordance with the SEBI (LODR) Regulations. This delegation is intended to ensure timely and accurate communication of material information to the stock exchanges and the investing public. The company has provided contact details for Mr. Pai, including telephone number +91 820 220 5000 and email address [email protected], for any related inquiries.
Compliance with Regulatory Framework
This initiative by Manipal Payment and Identity Solutions Limited reflects a proactive approach to compliance and transparency. By formalizing the process of materiality determination and disclosure, the company aims to enhance investor confidence and maintain adherence to the stringent requirements set forth by the Securities and Exchange Board of India. The intimation is being submitted for the information and records of the stock exchanges.
Source: BSE
