Jainco projects (India) Limited has formally declared its exemption from corporate governance provisions under Regulation 15(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended December 31, 2025. The company submitted this declaration to BSE Limited and The Calcutta Stock Exchange Limited on January 5, 2026.

Exemption Criteria and Financial Position

The company qualifies for exemption under SEBI LODR Regulation 15(2)(a), which provides relief to companies with specific financial thresholds. As per the company's audited financial statements for the financial year ended March 31, 2025, the key financial parameters are:

Both the paid-up equity share capital and net worth fall below the prescribed limits of ₹10 crores and ₹25 crores respectively, making the company eligible for the exemption.

Scope of Exemption

Under this exemption, Jainco Projects (India) Limited is not required to comply with various regulatory provisions including:

• Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, and 27 of the listing regulations
• Clauses (b) to (i) of sub-regulation (2) of regulation 46
• Para C, D, and E of Schedule V
• Corporate governance provisions

Professional Certification

DKS & Co., through Chartered Accountant Dilip Kumar Sarawagi, has provided a non-applicability certificate confirming the company's exemption status. The certificate details the company's financial position across three financial years:

The net worth calculation includes paid-up capital plus reserves and surplus (excluding revaluation reserves), with no accumulated losses or miscellaneous expenditure reported across all three years.

Corporate Details

Jainco Projects (India) Limited, incorporated with CIN L40300WB1991PLC053444, operates from its registered office at 2 Clive Ghat Street, Room No 4A, 4th Floor, Kolkata-700001. The declaration was signed by Managing Director Sumit Bhansali (DIN: 00361918) and is effective for the financial year April 1, 2025, to March 31, 2026.

The company's consistent financial metrics over the past three years demonstrate stability in its capital structure, maintaining the same paid-up capital while showing marginal growth in reserves and surplus from ₹64.69 lakhs in 2022-23 to ₹65.67 lakhs in 2024-25.

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.