Management Change2 Jun 2026, 04:15 am
Mafatlal Industries: Authorizes New KMPs for Materiality Decisions
AI Summary
Mafatlal Industries Limited has announced changes to its Key Managerial Personnel (KMPs) authorized to determine the materiality of events and make disclosures to stock exchanges. Following the retirement of CEO Mr. M. B. Raghunath effective May 31, 2026, the company has updated its authorized list. The existing KMPs, Mr. P. H. Mafatlal (Managing Director & CEO) and Mrs. Smita Jhanwar (Chief Financial Officer), remain authorized, with Mr. Amish Shah (Company Secretary) also continuing in this capacity. This update ensures continued compliance with SEBI (LODR) Regulations, 2015, without altering the established process for materiality determination.
Key Highlights
- KMPs authorized for materiality determination updated post-CEO retirement.
- Mr. P. H. Mafatlal and Mrs. Smita Jhanwar remain authorized.
- Mr. Amish Shah continues as an authorized KMP.
- Ensures ongoing compliance with SEBI LODR Regulations.
- No change in the overall process of materiality assessment.
Price Impact
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