General information about company |
| Scrip Code* | 530601 |
| NSE Symbol* | NOTLISTED |
| MSEI Symbol | NOTLISTED |
| ISIN | INE582C01015 |
| Name of the listed entity | JAGSONPAL FINANCE AND LEASING LIMITED |
| Date of start of financial year | 01-04-2024 |
| Date of end of financial year | 31-03-2025 |
| Date of Reporting to Exchange | 27-05-2025 |
| Whether any observations reported by the Secretarial Auditor | No |
| The listed entity has maintained proper records under the provisions of the above Regulations and circulars/ guidelines issued thereunder insofar as it appears from my/our examination of those records. | Yes |
| In previous, Any actions taken against the listed entity/its promoters/directors/its material subsidiaries either by SEBI or by stock exchanges (including under the Standard operating procedures issued by SEBI through various circulars). | Yes |
| Is there any observation made in the previous report | Yes |
| Name of the Certifying Firm | M/s. Pooja Sawarkar & Associates |
| Name of the practicing Company Secretary issuing the report | Pooja Sawarkar |
| Membership Type | FCS |
| ACS/FCS No. | 10262 |
| UDIN | F010262G000434730 |
| CP No. | 15085 |
| Place of PCS | MUMBAI |
| PCS Report Date | 26-05-2025 |
| Company Remark | The Company has paid fine of Rs. 5000/- (excluding taxes) imposed by BSE Ltd for late submission of Corporate Governance report (under Clause 49 of Listing Agreement) under Regulation 27(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for June 2015 quarter in financial year 2023-24. |
Regulations |
| Sr No | Regulation | Applicability during the period under review (Yes/No) | Any Observation (Yes/No) |
| 1 | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | Yes | No |
| 2 | Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 | Yes | No |
| 3 | Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 | Yes | No |
| 4 | Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018 | No | No |
| 5 | Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 | No | No |
| 6 | Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 | No | No |
| 7 | Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 | Yes | No |
| 8 | Specify any other regulation applicable to the Company |
| 1 | Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 | Yes | No |
Previous Report |
| Sr No | Compliance requirement (regulations/circulars/ guidelines including specific clauses) | Regulation Name/ SEBI Circular number* | Regulation Number/ circular dated | Deviations | Actions taken by | Name of Other Regulatory Body | Type of Action (Advisory/Clarification/Fine/Show Cause Notice/ Warning, etc.) | Details of other action taken | Details of violation | Fine Amount | Observations of the practicing Company secretary in the previous reports | Observations made in the secretarial compliance report for the year ended.(the years are to be mentioned) | Comments of the practicing company secretary on the actions taken by the listed entity. | Remedial actions, if any, taken by the listed entity | Management Response | Remarks |
| 1 | Regulation 19(1)/19(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | Regulation 19(1)/19(2) | Non -Compliance of Constitution of Nomination and Remuneration Committee, under Regulation 19(1)/19(2) of SEBI(LODR) | Stock Exchange | | Fine | | Fine of Rs. 1,82,000/- (excluding taxes) imposed by BSE Ltd | 182000 | Non- Compliance of Constitution of NRC, Under Regulation 19(1)/19(2) of SEBI (LODR). The Company has complied with the said regulation. | 31-03-2024 | The Company has complied with the said regulations. | The Company has complied with the said regulations and paid the fine on 20.09.2023. | The Company has complied with the said regulations and paid the fine on 20.09.2023. | Nomination and Remuneration Committee was duly constituted |
Affirmation |
| Sr No | Regulation | Compliance status (Yes/No/NA) | Observations /Remarks by PCS* |
| 1 | Secretarial Standards:
The compliances of the listed entity are in accordance with the applicable Secretarial Standards (SS) issued by the Institute of Company Secretaries India (ICSI) | Yes | |
| 2 | Adoption and timely updation of the Policies |
| (a) | All applicable policies under SEBI Regulations are adopted
with the approval of board of directors of the listed entities | Yes | |
| (b) | All the policies are in conformity with SEBI Regulations and
has been reviewed & timely updated as per the
regulations/circulars/guidelines issued by SEBI | Yes | |
| 3 | Maintenance and disclosures on Website |
| (a) | The Listed entity is maintaining a functional website | Yes | |
| (b) | Timely dissemination of the documents/ information under
a separate section on the website | Yes | |
| (c) | Web-links provided in annual corporate governance reports
under Regulation 27(2) are accurate and specific which re-directs to the relevant document(s)/ section of the website | Yes | |
| 4 | Disqualification of Director:
None of the Director of the Company are disqualified under
Section 164 of Companies Act, 2013 | Yes | |
| 5 | Details related to Subsidiaries of listed entities:
(a) Identification of material subsidiary companies
(b) Requirements with respect to disclosure of material as well as other subsidiaries | NA | Company does not have a Subsidiary |
| 6 | Preservation of Documents:
The listed entity is preserving and maintaining records as prescribed under SEBI Regulations and disposal of records as per Policy of Preservation of Documents and Archival policy prescribed under SEBI LODR Regulations | Yes | |
| 7 | Performance Evaluation:
The listed entity has conducted performance evaluation of the
Board, Independent Directors and the Committees at the start
of every financial year as prescribed in SEBI Regulations | Yes | |
| 8 | Related Party Transactions |
| (a) | The listed entity has obtained prior approval of Audit
Committee for all Related party transactions | Yes | |
| (b) | In case no prior approval obtained, the listed entity shall
provide detailed reasons along with confirmation whether
the transactions were subsequently
approved/ratified/rejected by the Audit committee | NA | There was no transaction where prior approval of the Audit Committee was not taken |
| 9 | Disclosure of events or information:
The listed entity has provided all the required disclosure(s) under Regulation 30 along with Schedule III of SEBI LODR Regulations within the time limits prescribed thereunder | Yes | |
| 10 | Prohibition of Insider Trading:
The listed entity is in compliance with Regulation 3(5) & 3(6)
SEBI (Prohibition of Insider Trading) Regulations, 2015 | Yes | |
| 11 | Actions taken by SEBI or Stock Exchange(s), if any:
No Actions taken against the listed entity/ its promoters/directors/ subsidiaries either by SEBI or by Stock Exchanges (including under the Standard Operating Procedures issued by SEBI through various circulars) under SEBI Regulations and circulars/ guidelines issued thereunder (or)
The actions taken against the listed entity/ its promoters/ directors/ subsidiaries either by SEBI or by Stock Exchanges are specified in the last column | NA | No action(s) has been taken against the listed entity/ its promoters/ directors/ subsidiaries |
| 12 | Resignation of statutory auditors from the listed entity or its material subsidiaries:
In case of resignation of statutory auditor from the listed entity or any of its material subsidiaries during the financial year, the listed entity and / or its material subsidiary(is) has / have complied with paragraph 6.1 and 6.2 of section V-D of chapter V of the Master Circular on compliance with the provisions of the LODR Regulations by listed entities | NA | Due to change in management of the Company and as part of the Share Purchase Agreement dated 24.06.2024, M/s. MSKG & Co. resigned vide their letter dated 20.11.2024. The Limited Review report for the period and half year ended 30th September, 2024 was issued by them, on 11th October, 2024.
There was no concern with the management of the listed entity/ material subsidiary.
There was no case for non-receipt of information. |