Annual Secretarial Compliance Report for the Financial Year ended 31st March,2026
JISLDVREQS · price
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V. Laxman & Co., Practicing Company Secretaries, has certified that Jain Irrigation Systems Ltd maintained compliance with applicable SEBI regulations during FY 2025-26. The report identifies 5 deviations from previous periods, all of which have been resolved. These include lapses in placing unlisted subsidiary board meeting minutes before the holding company board (Reg. 24(3)), incomplete Audit Committee review of insider trading mechanisms (Reg. 9A(4)), temporary board independence shortfall after 3 independent directors retired in August 2024 (Reg. 17(1)), continuation of an independent director past age 75 without prior shareholder approval (Reg. 17(1A)), and Risk Management Committee meetings held beyond the 210-day interval (Reg. 21(3C)). Fines were imposed by NSE and BSE on two matters but the company has sought waivers, arguing inadvertence and no shareholder harm.
The company has achieved full compliance with all SEBI regulations as of the review period. The fines of Rs. 2,65,500 each from NSE and BSE for board independence and director age issues remain under waiver consideration. For investors, the compliance report indicates clean regulatory standing with all historical deviations rectified.