Exemption of company on various compliance and applicability of Reg 15 of SEBI LODR
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Jainco Projects (India) Limited has informed BSE and the Calcutta Stock Exchange that it qualifies for exemption from various SEBI Listing Regulations. As per its audited FY24 financials, the company has a paid-up equity share capital of Rs. 10.00 Cr and a net worth of Rs. 10.65 Cr. Both figures fall below the thresholds prescribed under Regulation 15(2) of SEBI LODR (Rs. 10 Cr paid-up capital and Rs. 25 Cr net worth). Consequently, regulations covering corporate governance (Reg. 17, 17A, 18, 19, 20, 21, 22, 24, 24A, 25, 26, 27), related party transaction disclosures (Reg. 23), and specified website/Schedule V obligations are not applicable to the company for the quarter and half year ending 31 March 2025.
The filing confirms Jainco Projects is a small-cap listed entity that qualifies for reduced compliance obligations under SEBI rules, meaning shareholders will receive less granular disclosures (such as detailed corporate governance reports and consolidated related-party transactions) than larger listed companies. The disclosure itself is regulatory and routine, with no direct bearing on stock price or operations.