Annual Secretarial Compliance Report For Jiya ECo Product Limited For the year Ended 31.05.2025
Awaiting price reaction for this filing.
Jiya Eco-Products Ltd has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, certified by Practicing Company Secretary Satish D Kolhe. The report highlights multiple non-compliances with SEBI regulations, including failure to file quarterly investor grievance reports, corporate governance reports, shareholding patterns, financial results, compliance certificates, and maintain insider trading databases. The company attributes all these non-compliances to it being under the Corporate Insolvency Resolution Process (CIRP) from April 24, 2023 until the NCLT Ahmedabad order dated December 11, 2024, during which the Interim Resolution Professional / Resolution Professional managed the company's affairs. No director is disqualified under Section 164 of the Companies Act, 2013, and no statutory auditor resigned during the year. The company has stated it has taken steps to re-establish internal compliance mechanisms post-CIRP and is committed to full regulatory compliance going forward.
While the listed non-compliances are significant, they have been explained as a consequence of the CIRP period and the absence of a functioning Board. Shareholders should view this as a resolution of past governance gaps rather than an active issue, though continued monitoring of the company's renewed compliance track record post-CIRP is warranted. The filing itself is a routine regulatory requirement under SEBI LODR Regulations, 2015.