Pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find attached herewith the Annual Secretarial Compliance Report for the Financial ....
JAMNAAUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jamna Auto Industries Ltd filed its Annual Secretarial Compliance Report for FY25 (ended March 31, 2025) with BSE and NSE, prepared by RSM & Co., Company Secretaries. The report flagged two non-compliance issues: (1) late filing of Q1 FY25 financial results (quarter ended June 30, 2024) due to a ransomware attack on the company, attracting a Rs. 1.71 lakh fine each from BSE and NSE; and (2) delayed reconstitution of four Board committees (Audit, Nomination & Remuneration, Stakeholder Relationship, Risk Management) — done by May 8, 2024 instead of the April 1, 2024 deadline — attracting Rs. 3.49 lakh fines from each exchange. The NSE has waived its fine; BSE waiver request is still pending. Other compliance areas, including secretarial standards, insider trading policies, related party transactions, director eligibility, and website disclosures, were found to be in order.
Both lapses have already been remediated and the financial impact (combined fines under ~Rs. 10 lakh) is minor relative to the company's size, with one exchange already waiving its penalty. No material governance concern for shareholders.