Jainco Projects' Company Secretary Ramakanta Goenka Steps Down

Jainco Projects (India) Limited , a Kolkata-based RBI-registered NBFC, has announced the resignation of its Company Secretary and Compliance Officer, Ramakanta Goenka. The departure, effective November 14, 2025, marks a change in the company's key managerial personnel structure.

Resignation Details

According to the company's regulatory filing, Ramakanta Goenka has decided to pursue an alternate career opportunity. The resignation has been accepted by the company's board, necessitating regulatory compliance filings with stock exchanges and the Registrar of Companies.

Impact on Company Structure

The departure of Goenka affects the key managerial personnel structure of Jainco Projects. As per the LODR (Listing Obligations and Disclosure Requirements) data, the company has provided the following details:

Particulars	Details
Date of Cessation	November 14, 2025
Name of Key Managerial Person	Ramakanta Goenka
Designation of Cessation	Company Secretary cum Compliance Officer
Reason for Cessation	Resignation for alternate career opportunity
Date of receipt of intimation letter	November 14, 2025

Company's Financial Position

Jainco Projects' recent financial performance, as per the unaudited financial results for the quarter ended September 30, 2025, includes:

Total income: ₹7.23 crore
Profit before tax: ₹0.07 crore
Net worth as of September 30, 2025: ₹1066.58 crore

Regulatory Compliance

Jainco Projects has stated that it will make necessary regulatory filings with the stock exchanges and the Registrar of Companies regarding this change in key managerial personnel. The company's board of directors approved these unaudited financial results in a meeting held on November 14, 2025.

Stakeholders will be observing how Jainco Projects addresses the vacancy left by Goenka's departure and maintains its regulatory compliance standards.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.96%	-6.59%	+1.62%	+0.27%	+33.63%	+1,402.00%

Jainco Projects (India) Limited, a Kolkata-based company, is facing potential insolvency proceedings as a financial creditor has filed an application to initiate the Corporate Insolvency Resolution Process (CIRP) against the company. The development, disclosed to stock exchanges on July 26, 2025, highlights the financial challenges confronting the firm.

Default Claim Details

The company has received notice of an application filed before the National Company Law Tribunal (NCLT), Kolkata, by a financial creditor. The default claim amounts to Rs 12,62,81,337.11 (approximately Rs 12.63 crore) as of July 16, 2025. This substantial sum underscores the severity of the financial situation Jainco Projects is grappling with.

Legal Proceedings

The initiation of CIRP, if approved by the NCLT, could have significant implications for Jainco Projects (India) Limited. The process, governed by the Insolvency and Bankruptcy Code (IBC), is designed to resolve insolvency in a time-bound manner, potentially leading to a resolution plan or, in some cases, liquidation of the company.

Company's Response

In compliance with regulatory requirements, Jainco Projects (India) Limited promptly informed the stock exchanges about this development. The company's Managing Director, Sumit Bhansali, signed the disclosure, adhering to the transparency norms set by the Securities and Exchange Board of India (SEBI).

Investor Impact

Shareholders and potential investors of Jainco Projects (India) Limited should closely monitor the proceedings at the NCLT. The outcome of this application could significantly affect the company's future operations and financial stability.

As the situation unfolds, stakeholders will be keenly watching for any updates on the CIRP application and its potential impact on the company's business continuity and market position.