🟢 At a Glance:
Titagarh Rail Systems Ltd has formally designated three key executives — Vice Chairman Umesh Chowdhary, Deputy MD Anil Agarwal, and Company Secretary Aditya Purohit — to handle SEBI disclosures under Regulation 30. This isn’t just bureaucracy. It defines who can speak for the company when sh*t hits the regulatory fan.
🛤️ What Just Happened?
Under Regulation 30(5) of SEBI LODR 2015, listed companies must officially assign responsibility for:
- Determining whether an event is “material” (read: price-sensitive)
- Disclosing it to the stock exchanges (so SEBI doesn’t breathe down their neck)
On June 2, 2025, Titagarh Rail did just that.
They sent BSE and NSE a letter naming the following
officials:
| Sl. No | Name | Designation | Role |
|---|---|---|---|
| 1 | Umesh Chowdhary | Vice Chairman & Managing Director | Decides materiality |
| 2 | Anil Agarwal | Deputy Managing Director | Decides + Discloses |
| 3 | Aditya Purohit | Company Secretary & Compliance | Discloses to SEs |
📦 Why Does This Matter?
You know those breaking headlines that tank or skyrocket a stock?
Like:
- “Big order win 💰”
- “Resignation of CEO 🚨”
- “Plant shuts down after gas leak 😬”
Someone in the company has to decide:
“Should we tell the exchanges? Or bury it under corporate carpet?”
That’s the job these 3 are now formally responsible for.
And if they slip up? SEBI fines come raining.
