Jiya Eco Products Limited has filed a regulatory disclosure with BSE Limited regarding the non-applicability of certain SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The company cites Regulation 15(2) of SEBI (LODR) Regulations, 2015, which exempts listed entities from corporate governance provisions specified in regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clauses (b) to (i) of sub-regulation (2) of regulation 46 and Para C, D and E of Schedule V, if they meet specific size criteria.
The exemption applies to companies with paid-up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore as of the last day of the previous financial year. According to the company's audited balance sheet (IND-AS) for financial year 2025-26:
- Paid-up Equity Share Capital: ₹1,06,31,400 (approximately ₹1.06 crore)
- Net Worth: (₹2,79,83,000) (Negative ₹2.80 crore)
Both figures are below the prescribed thresholds as of 31st March, 2026, making the company eligible for the exemption. Despite this exemption, the company confirms that applicable provisions of the Companies Act, 2013 continue to apply.
The disclosure also notes that the company was acquired through Corporate Insolvency Resolution Process, with the resolution plan approved by the Hon'ble NCLT, Ahmedabad on 11th December, 2024. The company is currently implementing the Approved Resolution Plan and commits to complying with all applicable laws, including the SEBI regulatory provisions when they become applicable in the future.
The letter was signed by Mayura Tagare, Company Secretary and Compliance Officer (Membership No: A70538), and addressed to BSE Limited's Department of Corporate Services in Mumbai.