🟢 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. Investors sue. Board meetings get tense.
🤨 Wait, Wasn’t This Already Their Job?
Kind of. But SEBI wants it in writing.
You can’t say “Oh yeah, Anil usually does it” and escape.
So this filing is compliance kabach — Titagarh telling the world:
“These 3 people are authorised. Blame them if something goes wrong.”
🧠 What’s Regulation 30(5) Exactly?
Quick nerdy explainer for those still awake:
- Under Regulation 30, any “material event” (M&As, frauds, board changes, defaults, etc.) must be disclosed promptly to stock exchanges.
- Reg 30(5) requires pre-identifying the KMPs who’ll:
- Assess if it’s material.
- Send the intimation to NSE/BSE.
If you don’t? It’s non-compliance. Not worth the risk.
🧾 Company Filing Snapshot
- 📅 Date of filing: 2 June 2025
- 🏢 Filed by: Aditya Purohit, Company Secretary
- 📄 Purpose: Listing authorised KMPs for material disclosures
- 🔗 Regulatory reference: Regulation 30(5), SEBI (LODR), 2015
- 📮 Exchanges: NSE (TITAGARH), BSE (532966)
- 📍 Registered office: Poddar Point, Park Street, Kolkata
- 🌐 Website: www.titagarh.in
🧂 EduInvesting Take
- Titagarh Rail is playing it safe. This is boring but necessary.
- They’ve been fairly active lately — orders, expansions, and that Q4 FY25 profit surge.
- So SEBI disclosures might get juicy soon.
These 3 KMPs better keep their email drafts ready.
🚨 Final Thought
If you’re a shareholder:
📣 Now you know who to blame when news breaks late.
If you’re a journalist:
📞 You know who to annoy with questions now.
And if you’re SEBI:
🕵️ You’ve got three names to add to your watchlist.
Tags: Titagarh Rail, SEBI Regulation 30, KMP Authorisation, Material Disclosure, NSE, BSE, Umesh Chowdhary, Anil Agarwal, Aditya Purohit, EduInvesting
Author: Prashant Marathe
Date: June 3, 2025
