Jaiprakash Associates Submits SEBI Compliance Certificate for Q4FY26

1 min read     Updated on 14 Apr 2026, 08:52 PM
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AI Summary

Jaiprakash Associates Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for Q4FY26 to BSE and NSE on 14th April, 2026. The certificate from RTA M/s. Alankit Assignments Limited confirms proper handling of securities dematerialization processes and compliance with depositories regulations during the quarter ended 31st March, 2026.

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Jaiprakash associates has submitted its mandatory compliance certificate under SEBI regulations for the quarter ended 31st March, 2026. The company forwarded the certificate to both BSE Limited and National Stock Exchange of India Limited on 14th April, 2026, fulfilling its regulatory obligations under the depositories framework.

Regulatory Compliance Certificate

The certificate was issued under Regulation 74(5) of the SEBI (Depositories and Participants) Regulation, 2018 by M/s. Alankit Assignments Limited, which serves as the company's Registrar and Transfer Agent (RTA). This quarterly submission is a mandatory requirement for listed companies to ensure proper compliance with depositories regulations.

Parameter: Details
Regulation: SEBI (Depositories and Participants) Regulation, 2018 - Section 74(5)
Quarter Ended: 31st March, 2026
Submission Date: 14th April, 2026
Issued By: M/s. Alankit Assignments Limited (RTA)
Submitted To: BSE Limited and NSE

Certificate Confirmations

Alankit Assignments Limited, in its capacity as RTA, provided comprehensive confirmations regarding the dematerialization process. The certificate confirms that securities received from depository participants during Q4FY26 were properly processed and confirmed to the depositories within stipulated timeframes.

Key confirmations included in the certificate:

  • Securities received for dematerialization were confirmed (accepted/rejected) to depositories
  • All securities comprised in certificates have been listed on stock exchanges
  • Security certificates received for dematerialization were mutilated and cancelled after due verification
  • Depository names were substituted in the register of members as registered owners within stipulated time limits

Corporate Communication

The submission was signed by Som Nath Grover, Vice President & Company Secretary (FCS-4055), representing Jaiprakash Associates Limited. The communication was addressed to the listing departments of both major stock exchanges, ensuring comprehensive regulatory compliance across trading platforms.

About the Process

This quarterly certificate submission is part of SEBI's framework to ensure transparency and proper handling of securities in dematerialized form. The regulation requires companies to confirm through their RTAs that all dematerialization processes have been conducted in accordance with prescribed guidelines and within specified timeframes.

Will Jaiprakash Associates face any operational challenges in maintaining consistent quarterly compliance given its historical financial difficulties?

How might SEBI's increasing focus on depositories regulation impact smaller listed companies' compliance costs in the coming quarters?

Could Alankit Assignments Limited's role as RTA for multiple distressed companies create potential conflicts or capacity issues?

Jaiprakash Associates Files Q4FY26 Debt Disclosure Under Resolution Plan

1 min read     Updated on 08 Apr 2026, 09:33 AM
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AI Summary

Jaiprakash Associates Limited submitted its Q4FY26 quarterly disclosure to stock exchanges, reporting total financial indebtedness of INR 55,357.39 crores as of March 31, 2026. The filing, submitted on April 7, 2026, complies with SEBI regulations requiring disclosure of defaults on loans from banks and financial institutions. The company continues operating under the corporate insolvency resolution process with Adani Enterprises Limited's resolution plan approved by NCLT in March 2026.

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Jaiprakash Associates Limited has submitted its quarterly disclosure for Q4FY26, reporting total financial indebtedness of INR 55,357.39 crores as of March 31, 2026. The disclosure was filed with stock exchanges on April 7, 2026, in compliance with SEBI regulations while the company operates under an approved resolution plan by Adani Enterprises Limited.

Quarterly Disclosure Filing

The company filed its mandatory quarterly disclosure regarding defaults on payment of interest and principal amounts with BSE Limited and National Stock Exchange of India Limited. The filing was signed by Som Nath Grover, Vice President & Company Secretary, and submitted under reference JAL:SEC:2026.

Filing Details: Information
Filing Date: April 7, 2026
Quarter Ended: March 31, 2026
Reference Number: JAL:SEC:2026
Scrip Code: 532532
Scrip Name: JPASSOCIAT

Financial Position Disclosure

The quarterly disclosure revealed comprehensive details about the company's financial obligations under the SEBI circular requirements. The total financial indebtedness remains substantial as the company continues under the corporate insolvency resolution process.

Financial Parameters: Amount/Details
Total Financial Indebtedness: INR 55,357.39 crores
Reporting Date: March 31, 2026
Unlisted Debt Securities: N/A
Disclosure Format: C2 (Quarterly)

Resolution Plan Implementation

Jaiprakash Associates continues to operate under the corporate insolvency resolution process initiated in June 2024. The National Company Law Tribunal approved Adani Enterprises Limited's resolution plan in March 2026, with Bhuvan Madan serving as Chairman of the Monitoring Committee overseeing the implementation.

Resolution Status: Details
CIRP Admission Date: June 3, 2024
NCLT Approval: March 17, 2026
Resolution Applicant: Adani Enterprises Limited
Monitoring Committee Chairman: Bhuvan Madan
CoC Confirmation: July 30, 2024 (87.72% voting share)

Regulatory Compliance Framework

The disclosure was submitted in accordance with SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated November 21, 2019, which mandates listed entities to disclose defaults on loans from banks and financial institutions. The filing demonstrates ongoing compliance with regulatory requirements during the resolution process implementation phase.

What specific debt reduction targets has Adani Enterprises set for Jaiprakash Associates under the approved resolution plan?

How will the implementation of the resolution plan affect Jaiprakash Associates' operational capacity and asset portfolio over the next 12-18 months?

What impact could this substantial debt burden have on Adani Enterprises' own financial metrics and credit ratings?

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