Annual Secretarial Compliance report for the year ended March 31, 2025 as per Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Jetking Infotrain submitted its Annual Secretarial Compliance Report for FY25 to BSE on May 28, 2025, as mandated under SEBI's Listing Regulations. The report, prepared by practicing company secretaries AVS & Associates, flagged two minor lapses: (1) the board was short of the required number of independent directors between April 1 and April 15, 2024, due to expiry of some independent directors' tenures, and was quickly reconstituted from April 16, 2024; and (2) there was a one-working-day delay in informing BSE about the May 28, 2024 board meeting for FY24 results, attracting a ₹10,000 fine from BSE which the company has since paid. The company also took action on a prior-year contra-trade observation by issuing a show-cause notice to a promoter group member. Overall, the company was found largely compliant with SEBI LODR norms, though the PCS recommended strengthening the system for tracking unpublished price-sensitive information under insider trading rules.
These are minor administrative/regulatory lapses with negligible financial impact and no material effect on shareholders. The board composition gap was short-lived and the fine is small (₹10,000, already paid), so no meaningful downside for the stock is expected.