New Delhi: In a regulatory filing dated February 16, Kwality Wall’s (India) Limited informed the stock exchanges that it has authorised specific senior management personnel under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to determine the materiality of events and ensure timely disclosures.
The disclosure was submitted to both BSE and NSE, where the company is listed under stock code 544622 on the BSE and symbol KWIL on the NSE.
As per the filing, the board has authorised Mr. Chitrank Goel, Additional Director designated as Deputy Managing Director; Mr. Prashant Premrajka, Additional (Executive) Director and Chief Financial Officer; Mr. Anand Upadhyay, Company Secretary and Compliance Officer; and Mr. Harshal Marathe, General Counsel, to evaluate material events and make appropriate disclosures to the exchanges.
Regulation 30 of the Listing Regulations mandates listed entities to promptly disclose material events that may impact investors’ decisions. Sub-regulation (5) requires companies to authorise one or more key managerial personnel for determining materiality and for making disclosures to stock exchanges.
The company stated that the details of the authorised officials, including contact information, have been placed on its website in line with compliance requirements.
Kwality Wall’s (India), which operates in the ice cream and frozen desserts segment, has recently transitioned into a separately listed entity. The formal identification of disclosure authorities is seen as part of strengthening governance structures and aligning with public market compliance standards.
The filing was signed by Mr. Anand Upadhyay, Company Secretary and Compliance Officer, and requested the exchanges to take the information on record.
With increasing regulatory scrutiny and emphasis on transparency in listed entities, the move ensures clarity on accountability and streamlines the company’s communication framework with investors and regulators.