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Awaiting price reaction for this filing.
Jainco Projects (India) Limited has submitted a declaration to BSE stating that corporate governance provisions under SEBI's Listing Regulations are not applicable to the company for the quarter ended 31 December 2025. The exemption is claimed under Regulation 15(2) because the company's paid-up equity share capital is Rs. 10.00 crore and net worth is Rs. 10.66 crore as per audited financials for FY25 — both at or below the regulatory thresholds of Rs. 10 crore (paid-up capital) and Rs. 25 crore (net worth). As a result, requirements around board composition, audit committee, nomination & remuneration committee, related party transactions, and other governance disclosures (Regulations 17–27 and Schedule V paras C, D, E) do not apply. The company has attached a certificate from Practicing Company Secretary D.K. Sarafagi & Co confirming the non-applicability, and Managing Director Sumit Bhansali has signed the declaration dated 5 January 2026.
This is a routine compliance filing and does not affect the company's business or financials; however, shareholders should note that the company is claiming exemptions from detailed corporate governance disclosures, meaning less granular governance information will be publicly available compared to larger listed firms.