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The latest announcement is out from Universal Cables Limited ( (IN:UNIVCABLES) ).
Universal Cables Limited has redefined its internal governance framework for stock exchange disclosures by granting fresh authorisation to key managerial personnel under Regulation 30(5) of SEBI’s Listing Obligations and Disclosure Requirements. The board has designated Managing Director and CEO Y.S. Lodha, Chief Financial Officer Gopal Agarwal, and Company Secretary and Chief Compliance Officer Ajay Kumar Sharma as the officials responsible for determining materiality of events or information and ensuring timely disclosure to exchanges, reinforcing compliance and transparency for investors and regulators.
The refreshed authorisation clarifies accountability at the senior management level for assessing what constitutes price-sensitive or material information in line with evolving regulatory expectations. This move is likely to streamline the company’s disclosure process, reduce the risk of non-compliance, and provide clearer assurance to shareholders and market participants that significant corporate developments will be communicated consistently and in a timely manner.
More about Universal Cables Limited
Universal Cables Limited operates in the power and infrastructure sector, focusing on the manufacture and supply of cables and related products to utility, industrial and infrastructure customers. The company is listed on both BSE and the National Stock Exchange of India, giving it a broad base of public market stakeholders and regulatory disclosure obligations.
Average Trading Volume: 6,873
Technical Sentiment Signal: Strong Buy
Current Market Cap: 34.58B INR
Find detailed analytics on UNIVCABLES stock on TipRanks’ Stock Analysis page.