The Exchange had sought clarification from Jullundur Motor Agency (Delhi) Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results not signed by authorized signatory/ies. The response of the Company is enclosed.
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NSE sought clarification from Jullundur Motor Agency (Delhi) Ltd on why the unaudited financial results for the quarter and nine months ended December 31, 2025 were not signed by an authorized signatory under Regulation 33 of SEBI Listing Regulations. The company explained it has no Managing Director or Whole-time Director, and its Permanent Chairperson, CA Subhash Chander Vasudeva, being a practicing Chartered Accountant, is bound by ICAI's Code of Ethics to refrain from signing such documents. The Board, through resolutions dated February 12, 2026, authorized Non-executive Director Smt. Shuchi Arora to sign the financial results. The authorization was also disclosed in the notes to the filed results.
This is a procedural clarification and not a penalty or adverse action. Shareholders should note the company's unusual board structure (no MD/WTD) but there is no financial or governance concern beyond administrative compliance on signing authority.