We herewith submit the outcome of the board meeting held today
Awaiting price reaction for this filing.
Jyotirgamya Enterprises' board met on May 8, 2025 via video conferencing and addressed five key items. The board noted a warning letter received from BSE under Regulation 6 of SEBI LODR Regulations, suggesting some non-compliance with listing requirements. Mr. Anil Ganpatlalji Jain was reappointed as Managing Director, subject to shareholder approval at the upcoming AGM. Mr. Karan Rajesh Singh was reappointed as both Chief Financial Officer and Internal Auditor, which is notable as the same individual holding both finance and internal audit roles raises governance concerns. M/s Anuj Gupta & Associates was appointed as Secretarial Auditor for a 5-year term, pending shareholder approval.
The BSE warning letter is a negative signal indicating regulatory non-compliance that investors should monitor. The dual role of CFO and Internal Auditor being held by the same person is a corporate governance red flag that may concern institutional investors. Shareholders should watch for further clarification on the warning letter and consider voting on the MD reappointment at the upcoming AGM.