the following businesses amongst others were transacted thereat: 1. The Board has taken note of resignation of Secretarial Auditor, M/s Navneet Kumar & Associates, Practising Company Secretaries ....
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The Board of Jai Mata Glass held a meeting on December 24, 2025 and noted several key developments. The Secretarial Auditor, M/s Navneet Kumar & Associates, resigned effective November 10, 2025. The Chief Financial Officer, Mr. Rajesh Arya, also resigned effective December 8, 2025, leaving a key finance role vacant. The Board addressed a BSE notice flagging non-compliance with SEBI (LODR) Regulations regarding the composition of the Nomination and Remuneration Committee for the quarter ended September 2025; the Company defended that the NRC was properly constituted and has already filed clarifications and a waiver application against a fine of Rs. 16,000 plus GST. The Board also adopted revised SEBI (LODR) policies and approved the surrender of the DIN of Late Shri Chander Mohan Marwah following his demise.
The simultaneous loss of the Secretarial Auditor and CFO raises governance concerns and could create short-term uncertainty for shareholders, particularly given the BSE query on NRC composition and pending waiver of penalties. Investors should watch for timely appointment of a new CFO and auditor, as prolonged vacancies in key roles often signal operational or compliance stress in a small-cap glass manufacturer.