Jetmall spices & masala has received in-principle approval from BSE Limited for issuing warrants to non-promoter investors on a preferential basis. The Chennai-based spices and masala company announced this development on January 23, 2026, marking a significant step in its capital raising initiative.

Warrant Issue Details

The BSE approval covers the issuance of substantial warrants with specific conversion terms and pricing structure.

The warrants are convertible into an equal number of equity shares, providing investors with the option to convert their holdings into company stock at the predetermined price.

Regulatory Compliance Framework

BSE has outlined comprehensive compliance requirements that Jetmall Spices and Masala Limited must adhere to during the warrant issue process. The exchange emphasized that this in-principle approval does not constitute automatic listing approval, requiring separate compliance procedures.

The company must ensure strict adherence to multiple regulatory frameworks:

• Companies Act, 2013
• Securities Contracts (Regulation) Act, 1956
• SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Depositories Act, 1996

Internal Controls and Trading Restrictions

BSE has mandated specific internal control measures to prevent regulatory violations. The company must obtain undertakings from allottees confirming they will not engage in intra-day trading or sell company shares until the allotment date.

Key compliance requirements include:

• Monitoring trades executed by proposed allottees
• Obtaining written undertakings from investors
• Verifying compliance with SEBI ICDR Regulations
• Ensuring no unauthorized trading activities

Post-Approval Obligations

Following the warrant allotment, Jetmall Spices and Masala Limited must complete several post-issue formalities within specified timeframes. The company has twenty days from the allotment date to submit a listing application to the stock exchange, along with applicable fees as per Regulation 14 of LODR Regulations.

Non-compliance with the twenty-day listing application requirement will attract penalties as specified in SEBI circular SEBI/HO/CfD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. BSE reserves the right to withdraw the in-principle approval if any submitted information proves incomplete, incorrect, or misleading.

Jetmall spices & masala Limited has announced the appointment of Ms. Puja Kalwar as Company Secretary and Compliance Officer, effective January 21, 2026. The appointment was approved by the Board of Directors during their meeting held on January 21, 2026, demonstrating the company's commitment to strengthening its corporate governance framework.

Board Meeting Details

The Board of Directors of Jetmall Spices and Masala Limited convened on January 21, 2026, to deliberate on key organizational matters. The meeting commenced at 11:30 a.m. (IST) and concluded at 12:00 p.m. (IST), during which the board approved the appointment of Ms. Puja Kalwar as Company Secretary and Compliance Officer.

Appointee Profile and Qualifications

Ms. Puja Kalwar brings substantial expertise to her new role at Jetmall Spices and Masala Limited. She holds the professional designation ACS-73382 and is a qualified Company Secretary with membership in the Institute of Company Secretaries of India (ICSI). Her professional background encompasses comprehensive knowledge of corporate laws, secretarial practices, and regulatory compliance requirements.

Regulatory Compliance and Responsibilities

The appointment has been made in strict compliance with Section 203 of the Companies Act, 2013, and Regulation 6 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Ms. Kalwar will be responsible for ensuring compliance with applicable statutory and regulatory requirements while maintaining proper corporate governance practices across the organization.

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Regulations by promptly informing BSE Limited about this key managerial appointment. This demonstrates Jetmall Spices and Masala Limited's commitment to transparency and regulatory adherence.

Strategic Significance

The appointment of a qualified Company Secretary reinforces Jetmall Spices and Masala Limited's focus on maintaining robust corporate governance standards. Ms. Kalwar's expertise in regulatory compliance will be instrumental in ensuring the company meets all statutory requirements while supporting its operational objectives. Her role will encompass overseeing compliance frameworks, maintaining corporate records, and facilitating effective communication with regulatory authorities and stakeholders.