Valecha Engineering

 

ABOUT US

  1. Objectives
    The objective of the Policy is to ensure timely and adequate disclosure of material events and price sensitive information under Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 by Valecha Engineering Limited ("VEL").
  2. Scope
    Information relating to material events and which is price sensitive in nature, shall be promptly disseminated to the Stock Exchanges. For this purpose, material event means any information which relates to VEL and which, if published is likely to materially affect the price of shares of VEL.

    As per Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, VEL shall disclose to the Stock Exchanges where it is listed, the following types of material events:

    • Events such as strikes, lock-outs, closure on account of power cuts, etc;
    • Change in the general character or nature of business;
    • Disruption of operations due to natural calamity;
    • Commencement of commercial production / commercial operations;
    • Developments with respect to pricing / realization arising out of change in regulatory framework;
    • Litigation /dispute with a material impact;
    • Revision in Ratings;
    • Any other information having material bearing on the operations / performance of VEL as well as price sensitive information, such as :-
      • 1. Periodical Financial Results of VEL;
      • 2. Intended declaration of Dividend (both Interim and Final);
      • 3. Issue of Securities, forfeiture or buy back of securities;
      • 4. Any major expansion or execution of new projects;
      • 5. Amalgamation, Mergers or Takeovers;
      • 6. Disposal of the whole or substantial part of the undertaking;
      • 7. Change in Directors, Key Managerial Personnel, Auditors;
      • 8. Fraud/Default by promoters or Key Managerial Personnel;
      • 9. Amendment in Memorandum and Articles of Association;
      • 10. Corporate debt restructuring;
      • 11. Reference to NCLT and winding up petition;
      • 12. Issue of Notice, Call Letters etc. to Shareholders;
      • 13. Proceeding of Annual General and Extra Ordinary General Meeting;
      • 14. Any Agreements with media companies;
      • 15. Action pursuant to regulatory/statutory amendment that is material to the operations of VEL;
      • 16. Details of litigation/disputes/agreements that have a material impact on the functioning of VEL.
  3. Prompt disclosure of material events and price sensitive information
    Information of material events and price sensitive information shall be given by VEL to Stock Exchanges and disseminated on a continuous and immediate basis, so that present and potential investors are able to take informed decision with respect to their investment in VEL.
  4. Authorisation for disclosures
    4.1 The Key Managerial Personnel (KMP) are authorized to determine the materiality of an event and to decide:
    • The event that qualifies for disclosure as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015.
    • The appropriate time at which such disclosure is to be filed with the Exchange.
    • The details that may be filed in the best interest of present and potential investors.
    4.2 All such disclosures shall be signed by the Managing Director or Chief Financial Officer or Company Secretary of VEL. Posting of information on corporate website Aforesaid information shall also be posted on VEL's website and shall be hosted for atleast 5 years.