Consolidated Construction Consortium Limited has informed the Exchange regarding 'Policy on determination of materiality of events - intimation of change in authorities '.
CCCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CCCL has submitted a routine compliance update to the stock exchanges under SEBI's Listing Regulations. The company has listed four Key Managerial Personnel (KMPs) who are authorized to decide whether an event or piece of information is 'material' enough to be disclosed to the stock exchanges. The authorized persons are Mr R Sarabeswar (Chairman & CEO), Mr S Sivaramakrishnan (Managing Director), Mr S Kaushik Ram (Whole-Time Director), and Mr S S Arunachalam (Company Secretary & Compliance Officer). All four are based out of the company's Chennai registered office. The filing references an earlier letter from December 9, 2015, indicating this is a periodic update of the materiality policy contacts.
This is a standard regulatory compliance disclosure and not a material business event. It is unlikely to have any direct impact on the stock price or shareholder value, as it merely updates the list of internal authorities responsible for compliance reporting.