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.

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."

Jet Solar Limited has announced its unaudited financial results for the half-year ended September 30, 2025, along with the completion of a significant warrant conversion. The company, which primarily focuses on real estate development and construction, held its board meeting on November 13, 2025, to review and approve the financial statements.

Financial Performance

For the half-year ended September 30, 2025, Jet Solar Limited reported the following key financial metrics:

The company experienced a significant decrease in revenue from operations and profitability compared to the same period last year. However, there was a substantial increase in other income, which partially offset the decline in operational revenue.

Warrant Conversion and Fund Utilization

Jet Solar Limited successfully converted 18,24,000 convertible warrants into equity shares at Rs. 21.00 per share through a preferential allotment. This conversion raised Rs. 287.28 lakhs, which the company reports has been fully utilized. The funds were intended for investment in new business, working capital requirements, and general corporate purposes.

Cash Flow and Liquidity

The cash flow statement reveals:

• Net cash used in operating activities: Rs. -310.59 lakhs
• Net cash generated from investing activities: Rs. 31.89 lakhs
• Net cash generated from financing activities: Rs. 281.42 lakhs

The company's closing balance of cash and cash equivalents stood at Rs. 7.51 lakhs as of September 30, 2025.

Corporate Governance and Compliance

The Audit Committee reviewed the financial results before the Board's approval. The company affirmed that there were no deviations in the utilization of funds raised through the preferential allotment, adhering to the regulations set by SEBI.

Market Implications

While Jet Solar Limited has successfully raised capital through warrant conversion, the significant decline in operational revenue and profitability may raise concerns among investors. The company's ability to effectively utilize the raised funds for growth and improve its operational performance will be crucial in the coming quarters.

Investors and market analysts will likely keep a close watch on how Jet Solar Limited navigates the challenges in the real estate and construction sector, and whether the recent capital infusion translates into improved business performance in the near future.