Non-Applicability of Annual Secretarial Compliance Report
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Jaihind Industries Ltd (formerly Jaihind Synthetics Ltd) has informed BSE that it is not required to submit the Annual Secretarial Compliance Report for the year. Under SEBI's Listing Regulations, companies whose paid-up equity share capital does not exceed ₹10 crore and net worth does not exceed ₹25 crore are exempt from this requirement. As of March 31, 2024, the company's paid-up equity share capital stood at ₹8.55 crore and net worth at ₹15.02 crore, both below the prescribed thresholds. The company has therefore confirmed that Regulation 24A of the SEBI LODR Regulations does not apply to it. The letter was signed by Director Dinesh Jayantlal Doshi.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms that the company falls below the size threshold that would require an additional annual secretarial compliance report, indicating it is a small-cap entity.