24A Compliance NA - as per Regulation 15(2) of SEBI LODR for March 2025
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Jainco Projects (India) Ltd has filed a declaration with BSE stating that Regulation 24A of SEBI LODR is not applicable to the company for the financial year ended March 31, 2025. As per the company's audited financials for FY24, its paid-up equity share capital stands at Rs. 10.00 crore and net worth at Rs. 10.65 crore, both of which fall below the thresholds prescribed under Regulation 15(2) of the SEBI Listing Regulations. Consequently, the company is exempt from various corporate governance norms (Regulations 17 to 27, certain clauses of Regulation 46, and parts of Schedule V) and from submitting the Annual Secretarial Compliance Report for FY25.
This is a routine regulatory compliance filing and does not have any material impact on shareholders or the stock price. It simply confirms that the company is a small-cap entity below SEBI's specified thresholds and therefore qualifies for reduced compliance obligations.