SCDL Authorizes KMP for Materiality Determination

0 min read Updated on 20 May 2026, 04:26 PM

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Riya DScanX News Team

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Safety Controls & Devices Ltd authorized Managing Director Rajnish Chopra to determine materiality of events for stock exchange disclosures under SEBI regulations. The company communicated this to BSE Limited.

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Safety Controls & Devices Ltd has authorized its Managing Director, Rajnish Chopra, to determine the materiality of events or information for the purpose of making disclosures to stock exchanges. This decision was taken by the Board of Directors in compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The authorization empowers the Key Managerial Personnel (KMP) to assess the significance of various events and ensure timely and accurate disclosures to the stock exchanges. This move is aimed at streamlining the company's compliance and reporting mechanisms.

Authorized Key Managerial Personnel

The following individual has been designated to determine materiality and handle disclosures:

Sr No.	Name of KMP	Designation	Email	Address
1.	RAJNISH CHOPRA	Managing Director	cs@safetygroup.in	C-43/28/1 NAWAL KISHORE ROAD HAZRATGANJ, LUCKNOW, UTTAR PRADESH, 226001, INDIA

The company has submitted the necessary details to the Listing Department of BSE Limited, including the company symbol SCDL, scrip code 544746, and ISIN INE0UMH01018. The disclosure was formally communicated by Shiva Nigam, the Company Secretary & Compliance Officer.

How might centralizing materiality determination under a single Managing Director affect the speed and consistency of Safety Controls & Devices Ltd's future disclosures compared to industry peers?

What types of corporate events or business developments at Safety Controls & Devices Ltd are most likely to require materiality assessments in the near term given its industry sector?

Could the concentration of disclosure authority in one KMP create governance risks for Safety Controls & Devices Ltd, and what checks and balances might regulators expect to see in place?