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Awaiting price reaction for this filing.
Jainco Projects India Ltd has filed a declaration with BSE stating that it qualifies for exemption from corporate governance provisions under Regulation 15(2) of SEBI LODR Regulations. 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 FY ended March 31, 2025. Both figures fall below the thresholds of Rs. 10 crore paid-up capital and Rs. 25 crore net worth required for the exemption. Consequently, provisions covering board composition, audit committees, nomination & remuneration, stakeholder relationship, risk management, insider trading, and related party transactions do not apply to the company. The declaration is signed by Managing Director Sumit Bhansali for the quarter ended June 30, 2025.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms the company is small enough to be exempt from certain corporate governance disclosures and board-level requirements.