In a recent move aimed at enhancing regulatory compliance and streamlining corporate disclosures, Alka India Limited, a publicly listed company, has officially appointed two of its top executives as Key Managerial Personnel (KMP). This decision is in line with Regulation 30(5) of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

The decision was taken during the Board of Directors meeting held on 30th May 2025. This appointment empowers the designated KMPs to handle and determine the materiality of any event or information and make disclosures to stock exchanges in compliance with SEBI Regulation 30.

Background and Purpose of the Intimation

Under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, all listed companies are required to disclose any material events or information that may impact stakeholders or affect share prices. The regulation mandates that the Board of Directors must identify officials responsible for such disclosures.

Alka India Limited, complying with the mandate, has identified the following executives as its designated KMPs:

1. Mr. Karnik Pillai – Managing Director

2. Mr. Harshkumar Patel – Chief Financial Officer (CFO)

Both executives have now been entrusted with the authority to assess, classify, and disclose material events under SEBI Regulation 30 to ensure the company’s transparency and to uphold investors' trust.

Official Details of the KMPs

The company has provided complete contact information for transparency:

• Mr. Karnik Pillai

  • Designation: Managing Director (Designated KMP)

  • Corporate Office: A-1115, Titanium Business Park, Near Makarba Underpass, Ahmedabad – 380051, Gujarat

  • Email: compliance.alkaindia@gmail.com

  • Mobile: +91 7574816231

• Mr. Harshkumar Patel

  • Designation: Chief Financial Officer (CFO) (Designated KMP)

  • Details to be provided upon request or made available on company platforms.

This information was shared through an official intimation letter addressed to BSE Limited, the primary stock exchange where the company is listed. The letter was signed by Ms. Jinal Dishank Shah, Company Secretary and Compliance Officer, who holds the ICSI Membership No. A52572.

Importance of SEBI Regulation 30

SEBI Regulation 30 plays a pivotal role in maintaining market transparency and ensuring that all material events related to a listed entity are promptly communicated to investors and regulators. The regulation lays down specific requirements for:

• Timely disclosure of events such as board meetings, change in directors, mergers, acquisitions, or any litigation that may affect the company’s valuation.

• Authorisation of personnel to assess and disseminate these disclosures accurately.

• Maintaining consistency and reliability in corporate communication with stakeholders.

By appointing key personnel, Alka India is demonstrating its commitment to robust corporate governance and stakeholder communication.

Strategic Importance for Alka India Limited

The appointment of the MD and CFO as designated KMPs signifies Alka India’s proactive approach to compliance. It ensures:

• Fast-track decision-making in matters involving material events.

• Clear accountability within the organisation regarding public disclosures.

• Improved confidence among investors, analysts, and regulators.

Moreover, this also reduces the likelihood of regulatory penalties or fines by ensuring the company abides by all necessary disclosure protocols.

Communication to BSE and Regulatory Authorities

As part of its formal duties, Alka India Limited has submitted this disclosure to BSE Limited under Scrip Code: 530889 and Symbol: ALKA. The document includes:

• Full details of authorised KMPs

• Contact information and communication channels

• Effective date of appointment – 30 May 2025

• Official sign-off by the Company Secretary and Compliance Officer

The letter reflects the company’s structured approach to disclosure and its ongoing effort to ensure legal compliance and operational transparency.

Company Overview

Alka India Limited was incorporated under CIN: L99999MH1993PLC168521 and operates from both Maharashtra and Gujarat, with its registered office in Thane and corporate office in Ahmedabad. The company continues to work on strengthening its corporate governance framework, of which disclosure compliance is a crucial pillar.

The registered office address is:
Gala No. D-3/4/5, Hatkesh Udyog Nagar-1, Off. Mira Bhayandar Road, GCC Road, Mira Near Hatkesh Substation, Thane - 401107, Maharashtra, India

Corporate Office Address:
A-1115, Titanium Business Park, Near Makarba Underpass, Makarba, Ahmedabad – 380051, Gujarat

Why This Matters to Investors and Stakeholders

This update is significant because:

• It reassures investors about the company’s dedication to transparency.

• It sets a clear internal structure for disclosures, removing ambiguity during urgent or sensitive corporate developments.

• It confirms the company's alignment with SEBI's expectations, which can affect investor confidence and stock performance.

The disclosure of designated KMPs helps mitigate risk by ensuring that information is only released through authorised and knowledgeable officials, maintaining consistency in communication and reducing misinformation.

Final Remarks

In conclusion, Alka India Limited’s decision to appoint Mr. Karnik Pillai and Mr. Harshkumar Patel as designated KMPs under SEBI Regulation 30 showcases its commitment to transparent corporate governance and investor trust. By ensuring that material events and critical information are disclosed timely and accurately, the company is reinforcing its responsibility as a publicly listed entity on the BSE.

Investors, analysts, and other stakeholders can now be assured that the company has a clear and accountable disclosure mechanism, helping them make better-informed decisions based on accurate and timely data.

This step not only aligns Alka India with regulatory expectations but also elevates its standing in the market as a transparent, investor-friendly, and compliant organisation.

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