Pursuant to Regulation 24 A of SEBI (LODR) Regulations, 2015, enclosed herewith the Annual Secretarial Compliance Report of the Company for the year ended 31st March, 2026.
JPPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jaiprakash Power Ventures Limited has submitted its Annual Secretarial Compliance Report for the year ended March 31, 2026, certified by Practicing Company Secretary Amit Aggarwal & Associates. The report indicates general compliance with SEBI regulations, though one deviation was noted: the company failed to comply with Regulation 17(1A) regarding appointment of Non-Executive Directors over 75 years of age. Fines of Rs. 89,680 (including GST) by BSE and Rs. 76,000 by NSE were imposed for quarters ended March and June 2025, which the company paid. Critical concerns include an ongoing CIRP application filed before NCLT by NARCL against the company, and the company's Chairman (Shri Manoj Gaur) being under judicial custody in ED investigations related to group companies under PMLA.
The filing reveals ongoing corporate governance concerns including an insolvency application at NCLT and chairman's judicial custody, which could negatively impact investor sentiment. The already-resolved regulatory fines for director-related non-compliance indicate past governance lapses, though the company appears operationally compliant.