Company Response to NSE Query on Financial Results
Date and Nature of Exchange Query
RattanIndia Power Limited received an observation from the National Stock Exchange of India (NSE) via email dated April 20, 2026. The query concerned the Outcome of the Board Meeting – Financial Results that was submitted to the Exchange on May 7, 2025.
Company's Clarification on Trading Volume and Financial Results
The exchange's specific observation noted: "The company has not submitted the Statement of Impact of Audit Qualifications in case of modified opinion(s)-SOI not signed by MD/CEO (Kindly provide the reason why such appointment is not applicable to your Company)."
The company's response clarifies that pursuant to Section 203 of the Companies Act, 2013, every listed company must appoint specific Key Managerial Personnel (KMPs), including:
- Managing Director (MD) or Chief Executive Officer (CEO) or Manager, and in their absence, a Whole-time Director (WTD)
- Company Secretary (CS)
- Chief Financial Officer (CFO)
As of May 7, 2025, the company's Board comprised three Whole-time Directors who were duly designated as KMPs: Mr. Rajiv Rattan, Mr. Himanshu Mathur, and Mr. Baliram Ratna Jadhav. The company states it was in full compliance with Section 203 requirements, making the appointment of a separate MD or CEO unnecessary.
Regulatory Compliance Reference
The response references compliance with Section 203 of the Companies Act, 2013 and the rules made thereunder. The Statement of Impact of Audit Qualifications (SOI) was signed by Mr. Himanshu Mathur, Whole-time Director of the company, fulfilling the regulatory requirement.
Details of Financial Results Clarification
The clarification specifically addresses the signing authority for the Statement of Impact of Audit Qualifications, confirming that Mr. Himanshu Mathur, as Whole-time Director, properly executed the document.