Jyoti Limited has disclosed a significant default on principal payment to an asset reconstruction company, filing mandatory regulatory disclosures with stock exchanges. The company reported a default of Rs 76.00 crore on restructured debt obligations as of March 31, 2026.

Default Details and Financial Obligations

The disclosure, made on May 1, 2026, pertains to obligations with Rare Asset Reconstruction Limited. The default specifically relates to restructured debt, with the company failing to meet principal payment obligations by the due date of March 31, 2026.

Regulatory Compliance and Disclosure Framework

Jyoti Limited filed the disclosure in compliance with Section V-B of SEBI Master Circular no. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. This circular mandates listed entities to disclose defaults on payment of interest or repayment of principal amount on loans from banks, financial institutions, and unlisted debt securities.

Financial Indebtedness Overview

The company's total financial indebtedness, encompassing both short-term and long-term debt, stands at Rs 209.25 crore. This figure matches the total outstanding borrowings from banks and financial institutions, indicating that the company's debt is primarily concentrated with financial sector entities.

Corporate Disclosure Process

The disclosure was signed by CS S. Singhal, Vice President (Legal) and Company Secretary, and submitted electronically to BSE Limited on May 1, 2026. The company has fulfilled its regulatory obligation to inform stakeholders about the payment default within the prescribed timeframe under SEBI guidelines.

Jyoti Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the quarter ended March 31, 2026, and demonstrates the company's adherence to dematerialisation and share transfer protocols.

Regulatory Compliance Details

The certificate was filed under Regulation 74(5) of SEBI regulations, which mandates quarterly reporting on dematerialisation activities. MCS Share Transfer Agent Limited, serving as the company's registrar and share transfer agent, issued the compliance certificate on April 2, 2026.

Certificate Confirmation

MCS Share Transfer Agent Limited confirmed that all securities received from depository participants for dematerialisation during Q4FY26 were properly processed. The registrar certified that securities were confirmed to depositories within regulatory timelines and that all security certificates received for dematerialisation were mutilated and cancelled after due verification.

The certificate also confirms that depository names were substituted in the register of members as registered owners within the mandated 15-day period. This ensures compliance with SEBI's strict timelines for dematerialisation processes.

Corporate Governance

CS S. Singhal, Vice President (Legal) and Company Secretary, digitally signed the submission on April 13, 2026. The filing demonstrates Jyoti Limited's commitment to maintaining transparent corporate governance practices and timely regulatory compliance.

The company requested BSE Limited to take the certificate on record, completing the quarterly reporting requirement. This routine compliance filing ensures continued adherence to securities market regulations and maintains the company's good standing with regulatory authorities.