Declaration wrt non applicability of regulation 24a for 31/03/2025
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Jainco Projects (India) Ltd has submitted a declaration to BSE stating that Regulation 24A of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations 2015 does not apply to the company for the financial year ended 31 March 2025. The company's paid-up equity share capital stands at Rs. 10.00 crore and its net worth is Rs. 10.66 crore, both of which fall below the threshold prescribed under Regulation 15(2) of the Listing Regulations. As a result, the company is exempt from complying with several corporate governance norms (Regulations 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, and 27) as well as the requirement to file an Annual Secretarial Compliance Report. The filing has been signed by Director Sumit Bhansali.
This is a routine procedural compliance filing with no material impact on shareholders or the stock price. It simply confirms that the company, being a small-cap entity, qualifies for exemptions from certain stringent corporate governance and secretarial compliance requirements under SEBI rules.