The Secretarial Compliance Report for the financial year ended March 31, 2026, duly issued by M/s. ALAP & Co. LLP, Practicing Company Secretaries, is attached.
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Jhaveri Credits & Capital Ltd has submitted its annual secretarial compliance report for the year ended March 31, 2026, certified by M/s. ALAP & Co. LLP. The company was found largely compliant with SEBI regulations but recorded one violation: a 12-day delay in filing XBRL utility for work order intimation from Cosmos Green Power Technologies and SKY Energy Developers under Regulation 30 of LODR. Critically, an unresolved compliance issue from prior years persists—the company submitted incorrect shareholding pattern disclosures from September 2011 to June 2023 and has not complied with Minimum Public Shareholding (MPS) requirements under Regulation 38, with no remedial action taken yet. Additional observations include minor delays in recording UPSI entries in the digital database. A positive development is the NCLT approval of the scheme of amalgamation with U R Energy (India) Private Limited on March 16, 2026.
The unresolved MPS non-compliance and historical shareholding pattern errors carry regulatory risk and could attract future penalties. The current 12-day XBRL delay without a fine suggests minor regulatory concern. Shareholders should monitor resolution of the MPS issue as it may affect the company's listing status.