Jainco Projects Faces ₹3.41L Fine from BSE for SEBI Regulation Non-Compliance

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:

Component	Amount (₹)
Basic Fine Outstanding	2,89,000.00
GST (18%)	52,020.00
Total Fine Amount	3,41,020.00

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.93%	-7.34%	-1.56%	+5.47%	+27.57%	+1,376.60%

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.