Jainco projects (India) Limited has submitted a non-applicability statement to stock exchanges regarding compliance requirements under SEBI Regulation 32 for the third quarter of fiscal year 2026. The filing, dated January 5, 2026, confirms the company's position on fund utilization reporting obligations.

Regulatory Filing Details

The company filed the statement with both BSE Limited and The Calcutta Stock Exchange Limited, addressing the non-applicability of deviation and variation reporting requirements. The filing specifically covers the quarter ended December 31, 2025, and relates to SEBI's Listing Obligations and Disclosure Requirements regulations.

Fund Utilization Status

Jainco Projects confirmed that it currently has no unutilized funds raised from various sources including public issues, rights issues, or preferential issues. This absence of unutilized funds makes the mandatory statement of deviations or variations under Regulation 32 non-applicable to the company for the reporting period.

The regulatory framework requires listed companies to disclose any deviations in the use of funds raised through public offerings. However, companies without such fund raising activities or those that have fully utilized previously raised funds can file non-applicability statements.

Management Authorization

The filing was digitally signed and authorized by Sumit Bhansali, Managing Director of the company, holding DIN 00361918. The digital signature was executed on January 5, 2026, at 12:36:38 IST, ensuring proper authentication and compliance with electronic filing requirements.

Compliance Framework

SEBI Regulation 32 under the Listing Obligations and Disclosure Requirements mandates listed companies to provide detailed statements regarding the utilization of funds raised through various public offerings. Companies must report any deviations from stated objectives or variations in fund deployment on a quarterly basis. The non-applicability provision allows companies without relevant fund raising activities to formally confirm their exempt status through proper documentation to stock exchanges.

Jainco Projects (India) Limited has informed stock exchanges about receiving a regulatory penalty from BSE Limited for non-compliance with SEBI listing regulations. The company disclosed this development through a regulatory filing dated December 22, 2025, under Regulation 30 of the SEBI listing obligations.

Penalty Details and Amount

The regulatory action involves a total fine of ₹3.41 lakh imposed by BSE Limited for violations related to SEBI listing obligations and disclosure requirements. The penalty structure breaks down as follows:

Nature of Violations

The fine has been levied under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, specifically under Chapter-VII(A) covering penal actions for non-compliance. The violations primarily relate to late submissions under various Statement of Position (SOP) regulations, with multiple instances of delayed compliance contributing to the total penalty amount.

Payment Timeline and Company Response

Jainco Projects has been given a deadline of January 1, 2026, to settle the outstanding fine amount. The company has clarified that it has not yet defaulted on the payment and remains within the stipulated timeframe for compliance.

Regarding its response to the regulatory action, the company stated: "The company will be taking legal advisory and move as per the advice received on the matter." This indicates the management's intention to seek professional guidance before determining the next course of action.

Financial Impact

The regulatory penalty will result in a direct cash outflow of ₹3.41 lakh for Jainco Projects (India) Limited. While the company has quantified the monetary impact, it represents an additional compliance cost that will affect the company's financial position for the current period.

The disclosure was made to both BSE Limited and The Calcutta Stock Exchange Limited as part of the company's regulatory obligations under SEBI listing requirements.