Highness Microelectronics Limited has announced the authorization of Key Managerial Personnel under SEBI Regulation 30(5) for determining materiality of events and making disclosures to stock exchanges. The disclosure was made to BSE Limited on 10th April, 2026.

Authorized Key Managerial Personnel

The Board of Directors has authorized two Key Managerial Personnel to determine materiality of events or information and make necessary disclosures to stock exchanges under SEBI regulations.

Regulatory Compliance

This authorization is made in accordance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulation requires companies to designate authorized personnel who can determine the materiality of events and information that need to be disclosed to stock exchanges.

Company Details

The disclosure was submitted to BSE Limited's Listing & Compliance Department at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. Managing Director Gaurav Kejriwal, holding DIN 01506981, has digitally signed the disclosure document on behalf of the company.

The company's registered office is located at Office 1C3, 1st Floor, Gundeche Onclave Kherani Road, Saki Vihar Andheri (East), Mumbai, Maharashtra, 400072. This regulatory filing ensures compliance with SEBI's disclosure requirements and establishes clear accountability for material event reporting.

Highness Microelectronics has delivered an impressive performance in its initial public offering, achieving a remarkable overall subscription rate of 8.45x. The IPO witnessed exceptional participation across all investor categories, marking a significant surge from earlier subscription levels and demonstrating strong market confidence in the company.

Updated Subscription Performance

The latest subscription data reveals outstanding investor interest across all categories:

Exceptional Retail and HNI Response

Retail investors demonstrated extraordinary confidence with a subscription rate of 11.92x, representing a dramatic increase from the earlier 1.68x level. This surge indicates overwhelming individual investor appetite for the offering. The non-institutional buyer categories showed equally impressive performance, with bHNI investors subscribing at 13.76x and sHNI investors at 6.93x.

Institutional Participation Remains Limited

While retail and non-institutional categories drove the subscription success, qualified institutional buyers maintained minimal participation at 0.02x subscription. The employee category recorded zero subscription, consistent with earlier reporting periods.

Market Reception Analysis

The total subscription rate of 8.45x represents a substantial improvement in market reception for Highness Microelectronics' public offering. The exceptional response from retail and high-net-worth individual investors underscores strong market confidence, despite limited institutional participation during the subscription period.