Jai Corp Limited has informed the Exchange regarding 'Comment Of The Board On Fines Levied By Stock Exchanges'.
JAICORPLTD · price
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Jai Corp Limited has disclosed the Board's response to fines imposed by BSE and NSE on 28 November 2025 for non-compliance under the SEBI Listing Regulations. The violations relate to Regulation 17 (failure to meet Board composition requirements, including not appointing a woman director) and Regulation 19(1)/19(2) (non-compliance with the constitution of the Nomination and Remuneration Committee). The Board, at its meeting on 13 February 2026, expressed regret over the delay in finding a suitable independent director candidate and stressed the need for stricter compliance checks going forward. The company has already paid the relevant fines to BSE and NSE within the stipulated timeframe on 28 November 2025.
This is a compliance-related event with no direct material impact on financials, as fines have already been paid. However, it signals governance weaknesses that investors should monitor, as continued non-compliance could lead to further regulatory action.