Jet Solar Limited Claims Exemption from SEBI Regulation 24A Under SME Exchange Provisions

1 min read     Updated on 14 Apr 2026, 08:22 PM
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Jet Solar Limited has filed for exemption from SEBI Regulation 24A under Regulation 15(2) of SEBI LODR Regulations 2015. The company qualifies based on its paid-up equity capital of Rs. 11.87 crores and SME Exchange listing status. The exemption applies to companies with specific capital thresholds or SME Exchange listings as on March 31, 2026.

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Jet Solar Limited has filed a regulatory compliance document with BSE Limited claiming exemption from SEBI Regulation 24A under the provisions of Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The filing, dated April 14, 2026, outlines the company's eligibility criteria for this regulatory exemption.

Exemption Criteria and Company Status

The company's exemption claim is based on specific regulatory provisions that exempt certain categories of listed entities from Regulation 24A requirements. The exemption applies to companies meeting either of two conditions as on the last day of the previous financial year.

Exemption Criteria: Company Status
Paid-up Equity Share Capital: Rs. 11,87,60,000 (Rs. 11.87 crores)
Net Worth Threshold: Does not exceed Rs. 25,00,00,000 (Rs. 25 crores)
Exchange Listing: SME Exchange
Reference Date: March 31, 2026

Regulatory Framework

Under Regulation 15(2) of SEBI LODR Regulations 2015, Regulation 24A shall not apply to two specific categories of listed entities:

  • Listed entities with paid-up equity share capital not exceeding Rs. 10 crores and net worth not exceeding Rs. 25 crores as on the last day of the previous financial year
  • Listed entities which have listed their specified securities on the SME Exchange

Company Background

Jet Solar Limited, formerly known as Jet Infraventure Limited, operates under the tagline "The Smart Choice for Tomorrow." The company trades on BSE Limited under script code 538794. The regulatory filing was signed by Krunal Sailesh Shah, who serves as the Company Secretary and Compliance Officer.

Filing Details

The compliance document was submitted to the BSE Limited Compliance Department at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai. The filing requests the exchange to take the exemption claim on record, ensuring proper regulatory compliance under the applicable SEBI regulations.

The company's dual qualification under both the capital threshold criteria and SME Exchange listing status strengthens its position for claiming the regulatory exemption from SEBI Regulation 24A requirements.

Historical Stock Returns for Jet Solar

1 Day5 Days1 Month6 Months1 Year5 Years
-4.97%0.0%-4.97%+21.09%-34.29%-82.78%

Will Jet Solar's exemption from SEBI Regulation 24A impact its ability to attract institutional investors or access capital markets in the future?

How might potential changes to SEBI's SME Exchange regulations affect Jet Solar's continued exemption status?

What strategic growth plans could Jet Solar pursue while maintaining its capital structure below the exemption thresholds?

Jet Solar Limited Files SEBI Compliance Certificate for Q4FY26

1 min read     Updated on 08 Apr 2026, 04:41 AM
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AI Summary

Jet Solar Limited submitted its Q4FY26 compliance certificate to BSE under SEBI Regulation 74(5) on April 7, 2026. The registrar Bigshare Services confirmed the regulation's non-applicability as all shares remain in demat form with no rematerialisation requests during the quarter. The certificate was filed by Company Secretary Krunal Shah for the quarter ended March 31, 2026.

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Jet Solar Limited has filed its quarterly compliance certificate with BSE Limited under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Compliance Certificate Details

The certificate was submitted on April 7, 2026, by Company Secretary and Compliance Officer Krunal Shah. The document was prepared by the company's registrar and transfer agent, Bigshare Services Private Limited, and addressed to the Compliance Department of BSE Limited.

Parameter: Details
Quarter Period: March 31, 2026
Regulation: SEBI Regulation 74(5)
BSE Script Code: 538794
Filing Date: April 7, 2026
Registrar: Bigshare Services Private Limited

Regulatory Compliance Status

Bigshare Services Private Limited, acting as the registrar and transfer agent, confirmed that Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 is not applicable to Jet Solar Limited for the quarter ended March 31, 2026. This non-applicability stems from specific operational circumstances during the quarter.

The registrar stated that the entire holding of the company's shares remains in dematerialised form. Additionally, no requests were received from any shareholders for rematerialisation or dematerialisation during the quarter ended March 31, 2026.

Certificate Authentication

The compliance certificate was authenticated by Akash Shamal, serving as the authorised signatory for Bigshare Services Private Limited. The certificate reference number BSS/74(5) was assigned to the document, which carries a date of April 7, 2025.

Company Information

Jet Solar Limited, formerly known as Jet Infraventure Limited, operates from its registered office located at Office No 1 E Wing Nandanvan Apt, Kandivali Link Road, Kandivali W, Mumbai PIN 400067. The company trades on BSE under script code 538794 and maintains its corporate tagline as "The Smart Choice for Tomorrow."

Historical Stock Returns for Jet Solar

1 Day5 Days1 Month6 Months1 Year5 Years
-4.97%0.0%-4.97%+21.09%-34.29%-82.78%

What strategic initiatives is Jet Solar Limited planning for the upcoming quarters that might trigger shareholder activity and dematerialization requests?

How might the company's transition from Jet Infraventure to Jet Solar impact its market positioning and investor interest in the renewable energy sector?

Will Jet Solar Limited consider any corporate actions such as stock splits or bonus issues that could affect its dematerialized shareholding structure?

More News on Jet Solar

1 Year Returns:-34.29%