Magadh Sugar & Energy Limited has informed the Exchange regarding 'Authorisation of Key Managerial Personnel for determining materiality of an event or information'.
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Magadh Sugar & Energy Limited has informed the stock exchanges that its Board of Directors has authorized three Key Managerial Personnel (KMPs) to determine whether an event or piece of information is material enough to be disclosed to the stock exchanges. This authorization is done as required under Regulation 30(5) of SEBI's Listing Regulations, 2015. The three authorized officials are Mr Pankaj Singh (Wholetime Director), Mr Manoj Prasad (Chief Financial Officer), and Mr S Subramanian (Company Secretary). The new authorization takes effect from May 14, 2025. This is a routine corporate governance compliance update and does not involve any business, financial, or strategic change.
No direct impact on shareholders or stock price. This is a routine regulatory compliance filing that simply identifies which senior officials are authorized to assess and disclose material information to the exchanges, ensuring the company meets SEBI disclosure requirements.