Announced Wed, 15 Jul · 17:03 IST
Jainco Projects declares exemption from corporate governance norms
Compliance View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-5.1%1-day move
₹4.69
prior close
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base price
After-mkt
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AI summary
Jainco Projects India has filed a declaration with BSE stating it is exempt from corporate governance provisions under SEBI LODR Regulation 15(2). The company qualifies as its paid-up equity share capital of Rs 10 crore and net worth of Rs 10.66 crore fall within the prescribed thresholds for small companies. This means regulations on board composition, audit committee, related party transactions and similar governance norms do not apply to it.
Likely market impact
Routine regulatory compliance filing. No material impact on business operations or shareholders.