Financial Analyst Summary: Jullundur Motor Agency (Delhi) Limited Regulatory Response

Nature of Exchange Query and Response Date

The company received an email from the National Stock Exchange of India Limited dated June 24, 2026, seeking clarification regarding the signing of Audited Financial Results for the Fourth Quarter and Financial Year ended March 31, 2026. The company responded on June 25, 2026, through its Company Secretary & Compliance Officer, Ramkesh Pal.

Clarification on Signing Authority and Governance Structure

The company clarified that it does not have a Managing Director or Whole-time Director on its Board. Instead, it has CA Subhash Chander Vasudeva as the Non-executive Director and Permanent Chairperson of the Board.

Due to his status as a practicing Chartered Accountant, Mr. Vasudeva is bound by the Code of Ethics of the Institute of Chartered Accountants of India (ICAI). This code prohibits him from signing documents that could be authorized to another person by the Board.

Board Resolution and Authorization Details

To address this constraint, the Board passed Resolution No. 3 dated May 28, 2026, during its meeting (S.No. 01 for FY 2026-27) held at Holiday Club, Panchsheel Enclave, New Delhi. This resolution specifically authorized Smt. Shuchi Arora (DIN: 00093201), a Non-executive Director of the company, to sign and authenticate the Audited Financial Results (both Standalone and Consolidated) for the Fourth Quarter and Financial Year ended March 31, 2026.

Regulatory Compliance and Additional Disclosures

The company cited compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A declaration regarding this authorization was included in the Notes to the Audited Financial Results, both in the PDF and XBRL formats. The resolution also authorized the forwarding of the signed results to the statutory auditors, M/s Aiyar & Co. (Firm Registration No. 01174N), for their final report.

Certification and Submission

The response included a certified true copy of the board resolution, signed by Directors Deepak Arora (DIN: 00093077) and Shuchi Arora (DIN: 00093201). The company confirmed its readiness to provide any further information or clarification required by the exchange.

Topic Tags: Regulatory Response, Financial Results Clarification, Corporate Governance, Board Authorization, SEBI LODR Compliance