MV Electrosystems Limited has authorized specific Key Managerial Personnel (KMPs) to determine the materiality of events and information for disclosure to stock exchanges. The company notified the National Stock Exchange of India Limited and BSE Limited on August 06, 2026, regarding this authorization under Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The authorization empowers designated executives to assess whether an event or piece of information meets the threshold for mandatory public disclosure. This procedural step ensures timely compliance with market regulations by streamlining the decision-making process for sensitive or significant corporate developments.

Authorized Key Managerial Personnel

The company identified two individuals responsible for determining materiality:

Sourabh Bansal, who holds the designation of Company Secretary and Compliance Officer, signed the intimation letter. His membership number is A49529. The notification was submitted to both major Indian stock exchanges for their records.

Regulatory Context

Regulation 30 of the SEBI LODR Regulations mandates continuous disclosures to ensure that all investors have access to material information simultaneously. Sub-regulation (5) specifically allows listed entities to delegate the authority to determine materiality to KMPs, provided these individuals are duly authorized by the Board of Directors or as per the company's internal policies.

This delegation helps in reducing delays in disclosure by allowing senior management to make real-time assessments of event significance without requiring board-level approval for every potential disclosure instance. The company emphasized that this authorization is strictly for the purpose of making disclosures under Regulation 30.