Jainco Projects (India) Limited has formally declared the non-applicability of corporate governance and other provisions under SEBI (Listing Obligations and Disclosure Requirements) Regulations for the quarter ended March 31, 2026. The declaration was made under Regulation 15(2) of the SEBI LODR Regulations through a communication dated April 4, 2026, addressed to BSE Limited and The Calcutta Stock Exchange Limited.

Regulatory Framework and Exemption Criteria

Under Regulation 15(2)(a) of the SEBI LODR Regulations, 2015, companies with paid-up capital not exceeding Rs. 10 crores and net worth not exceeding Rs. 25 crores are exempt from specific regulatory provisions. These exemptions apply to companies meeting the criteria as on the last day of the previous financial year.

Financial Position and Compliance Thresholds

The company's exemption claim is based on its audited financial statements for the year ended March 31, 2025. The key financial parameters that determine regulatory applicability are outlined below:

Both the paid-up equity share capital and net worth fall below the limits specified under Regulation 15(2) of the Listing Regulations, forming the basis for the company's exemption claim.

Corporate Governance Exemptions

Due to falling below the prescribed thresholds, Jainco Projects has claimed exemption from multiple corporate governance norms. The company is exempt from compliance with Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, and 27 of the SEBI LODR Regulations. Additionally, the exemption extends to clauses (b) to (i) of sub-regulation (2) of Regulation 46 and paragraphs C, D, and E of Schedule V of the regulations.

Company Details and Formal Declaration

Jainco Projects (India) Limited operates with its registered office located at 2 Clive Ghat Street, Room No. 4A, 4th Floor, Kolkata-700001. The declaration was signed by Sumit Bhansali, Managing Director (DIN: 00361918), and submitted digitally to the respective stock exchanges for their records and acknowledgment. The company undertakes that the various norms specified under the SEBI Listing Regulations are not applicable due to its financial position meeting the exemption criteria.

Jainco projects (India) Limited has formally declared its exemption from corporate governance provisions under Regulation 15(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended December 31, 2025. The company submitted this declaration to BSE Limited and The Calcutta Stock Exchange Limited on January 5, 2026.

Exemption Criteria and Financial Position

The company qualifies for exemption under SEBI LODR Regulation 15(2)(a), which provides relief to companies with specific financial thresholds. As per the company's audited financial statements for the financial year ended March 31, 2025, the key financial parameters are:

Both the paid-up equity share capital and net worth fall below the prescribed limits of ₹10 crores and ₹25 crores respectively, making the company eligible for the exemption.

Scope of Exemption

Under this exemption, Jainco Projects (India) Limited is not required to comply with various regulatory provisions including:

• Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, and 27 of the listing regulations
• Clauses (b) to (i) of sub-regulation (2) of regulation 46
• Para C, D, and E of Schedule V
• Corporate governance provisions

Professional Certification

DKS & Co., through Chartered Accountant Dilip Kumar Sarawagi, has provided a non-applicability certificate confirming the company's exemption status. The certificate details the company's financial position across three financial years:

The net worth calculation includes paid-up capital plus reserves and surplus (excluding revaluation reserves), with no accumulated losses or miscellaneous expenditure reported across all three years.

Corporate Details

Jainco Projects (India) Limited, incorporated with CIN L40300WB1991PLC053444, operates from its registered office at 2 Clive Ghat Street, Room No 4A, 4th Floor, Kolkata-700001. The declaration was signed by Managing Director Sumit Bhansali (DIN: 00361918) and is effective for the financial year April 1, 2025, to March 31, 2026.

The company's consistent financial metrics over the past three years demonstrate stability in its capital structure, maintaining the same paid-up capital while showing marginal growth in reserves and surplus from ₹64.69 lakhs in 2022-23 to ₹65.67 lakhs in 2024-25.