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Hyundai Motor India Updates Authorised Officials for SEBI Disclosure Compliance

Story Highlights
  • Hyundai Motor India’s board has authorised CEO Tarun Garg to determine material events and make SEBI disclosures.
  • The company also empowered its CFO and Company Secretary to severally handle mandatory stock exchange disclosures, tightening governance.
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Hyundai Motor India Updates Authorised Officials for SEBI Disclosure Compliance

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The latest update is out from Hyundai Motor India Limited ( (IN:HYUNDAI) ).

Hyundai Motor India Limited has revised its internal authorisations for regulatory disclosures, informing the stock exchanges that its Board has now empowered Managing Director and CEO Tarun Garg to assess the materiality of events or information and make requisite disclosures under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Alongside him, Whole-time Director and CFO Wangdo Hur and Company Secretary and Compliance Officer Pradeep Chugh are also severally authorised for this purpose, a move that formalises and clarifies the company’s disclosure hierarchy, strengthens governance, and is aimed at ensuring timely and compliant communication of material information to the market and other stakeholders.

More about Hyundai Motor India Limited

Hyundai Motor India Limited is a leading automobile manufacturer operating in India, engaged in the production and sale of passenger vehicles. The company focuses on the Indian automotive market through its manufacturing facilities in Tamil Nadu and corporate operations in Gurugram, Haryana, supported by the global Hyundai brand and distribution network.

Average Trading Volume: 51,523

Technical Sentiment Signal: Buy

Current Market Cap: 1787.1B INR

See more insights into HYUNDAI stock on TipRanks’ Stock Analysis page.

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