Compliance Under Regulation 24(A) of the SEBI (LODR) Regulations, 2015
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VJTF Eduservices Ltd has submitted its annual Secretarial Compliance Report for the financial year ended 31 March 2026, as required under SEBI Regulation 24(A). The report, issued by M/s R S Rajpurohit & Co, Company Secretaries, confirms general compliance with applicable SEBI regulations including LODR, Depositories, Insider Trading, and Takeover Regulations. The company maintained proper policies, website disclosures, related party transaction approvals, and board performance evaluations. However, the report flags a significant issue: the company received a Show Cause Notice from RBI under Section 45-1A(6) of the RBI Act, 1934, proposing cancellation of its NBFC Certificate of Registration due to non-submission of regulatory returns and non-compliances under RBI Directions. The company has submitted its response to RBI and the regularization process was ongoing as of 31 March 2026, with the matter remaining pending before RBI.
While SEBI compliance appears satisfactory, the pending RBI action to potentially cancel the NBFC registration poses a material risk to the company's core business operations and could significantly impact shareholder value if the cancellation proceeds.