Jhandewalas Foods Limited has filed its quarterly compliance statement with BSE Limited, confirming no deviation in the utilization of funds raised through preferential issue for the quarter ended March 31, 2026. The statement was submitted on April 14, 2026, by Managing Director Raakesh B Kulwal in accordance with SEBI regulations.

Fund Raising Details

The company raised funds through preferential issues on two separate occasions, generating significant capital for its operations.

Regulatory Compliance

The statement was filed pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular CIR/CFD/CMD1/162/2019 dated December 24, 2019. The company confirmed that there was no deviation or variation in the use of proceeds from the preferential issue compared to the originally stated objectives.

Fund Utilization Status

The compliance document reveals complete adherence to the original fund allocation plan:

• Deviation Status: No deviation reported
• Shareholder Approval Required: Not applicable
• Audit Committee Comments: Not applicable
• Auditor Comments: Not applicable
• Fund Utilization: As per original objects

Corporate Governance

The statement emphasizes the company's commitment to transparent financial practices and regulatory compliance. Managing Director Raakesh B Kulwal (DIN: 00615150) digitally signed the document, ensuring proper authorization and accountability for the fund utilization report.

The company's adherence to SEBI guidelines demonstrates strong corporate governance practices, particularly in maintaining transparency regarding the use of funds raised from investors. This compliance filing reinforces investor confidence by confirming that the capital raised through preferential issues has been deployed according to the disclosed objectives without any deviations or modifications.

Jhandewalas Foods Limited has filed its quarterly certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026. The submission was made to the BSE SME Platform on 06th April, 2026, signed by Managing Director Raakesh B Kulwal.

Certificate Details and Compliance

The certificate was issued by Bigshare Services Private Limited, the company's appointed Registrar and Share Transfer Agent (RTA), holding SEBI Registration No: INR000001385. The RTA confirmed that Regulation 74(5) is not applicable to the company during the quarter ended 31st March, 2026.

Share Holding Status

Bigshare Services confirmed that the entire holding of the company's shares remains in demat form. The RTA specifically stated that no requests from any members for rematerialisation were received during the quarter ended 31st March, 2026. This indicates complete digitisation of the company's share holdings.

Regulatory Framework

Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 requires companies to file quarterly certificates regarding share dematerialisation status. The regulation becomes applicable when companies have physical share certificates or receive rematerialisation requests from shareholders.

Company Information

Jhandewalas Foods Limited, celebrating 125 years of trust and legacy, operates from its registered office at B-70 Upasana House, Janata Store, Bapu Nagar, Jaipur, Rajasthan. The company is listed on the BSE SME Platform under scrip code 540850 with security identifier JFL.