In reference to communications dated August 22, 2024 and September 14, 2024 for imposition of fines on the Company under SEBI Listing Regulations, Jamna Auto Industries has informed that the Board of Directors in their meeting held on September 27, 2024 took note of the fines levied by National Stock Exchange India and BSE for delay in compliance under Regulation 18 (1), 19, 20, 21 (2) and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Directors also noted that the Company has paid the relevant fine as levied by the stock exchanges and that the non-compliance of provisions was not willful on the part of Company. The Board advised that utmost care needs to be taken while ensuring compliances to avoid any such delay and the officials concerned should exercise complete caution to avoid delay or default in future.
The above information is a part of company’s filings submitted to BSE.
