BSECompany Update13 Oct 2026 · 13 Oct 2026, 12:27 pm
Update on Listing of shares
Jyoti Ltd-$ · 504076
✦ AI SummaryRegulatory
Jyoti Ltd has announced that its listing application for 59,63,636 equity shares to Rare Asset Reconstruction Pvt. Ltd. has been rejected by the Bombay Stock Exchange due to lack of prior shareholder approval.
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Governance Concern3/10
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Jyoti Ltd-$ - 504076 - Update On Listing Of Shares
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By Electronic Mode
13th October, 2026
The General Manager
DCS-Listing
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai-400001
Scrip Code: 504076
Sub: Disclosure under Regulation 30· of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir/Madam,
Pursuant to Regulation 30 read with Para B of Part A of the Schedule Ill of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI
Circular no. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026, please find
attached the details of the rejection of case pertaining to listing of Shares by the Bombay Stock
Exchange which is material in nature as per Annexure 1.
This is for your information and records.
Thanking You,
Yours Faithfully,
For JYOTI LIMITED
CS S. Singhal
Sr. Vice President (Legal) &
Company Secretary
M. No. F8289
Regd. Office : Nanubhai Amin Marg, Industrial Area, P.O. Chemical lndustri~s, ~adodara-3~0 003. (India) Ph. : 2282049
Fax: +91-265-2281871, E.Mail: jyotiltd@jyoti.com, Website: http://www.Jyot1.com, CIN • L36990GJ1943PLC000363
Annexure 1
Additional Details required as per HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated
January 30 2026
Sr. No. Particulars Details
1. Brief details of matter viz
a) Name(s) of the opposing party BSE Limited
b) Court I tribunal/ agency where
litigation is filed
c) Date of receipt of Order The listing application filed by the
Company on 31st May, 2025 rejected by
Bombay Stock Exchange on 12th October,
2026 which can be seen at the BSE Listing
Centre portal.
d) Brief details of case The Company has allotted 59,63,636
Equity Shares to Rare Asset
Reconstruction Pvt. Ltd. (now known as
"Rare Asset Reconstruction Limited) on
02.05.2018 pursuant to Section 9 (1 )(g) of
Securitisation and Reconstruction of
Financial Assets and Enforcement of
Security Interest Act, 2002 and
accordingly filed listing application to BSE
Limited, but the Listing application filed for
59,63,636 Equity shares by the Company
to BSE Limited is rejected because as per
BSE, the Company had to take prior
approval from the Shareholders of the
Company for allotment of shares to Rare
Asset Reconstruction Pvt. Ltd. (now
known as "Rare Asset Reconstruction
Limited), Against the same, Company had
filed an appeal in Securities Appellate
Tribunal (SAT). The Company's appeal
against the order of Stock Exchange has
also been rejected by Securities Appellate
Tribunal (SAT). Against the order of SAT,
the Company had filed appeal with
Supreme Court of India which is also
dismissed by the Supreme Court.
Considering the dismissal of the appeal by
the Supreme Court, the necessary Special
Resolution was passed by the
Shareholders of the Company on 17th
May, 2025 through postal ballot ratifying
the allotment made on 2nd May, 2018 and
the Company had once again filed the
fresh application for listing of Shares with
Bombay Stock Exchange (BSE) on
31/05/2026.
e) Details of the order passed The listing application filed by the
Company on 31st May, 2025 rejected by
Bombay Stock Exchange on 12th October,
2026 which can be seen at the BSE Listing
Centre portal.
2. Expected financial implications, if any. There are no financial implications on the
Company. The Company is taking
appropriate steps/ actions against the
order before the appropriate authority and
other necessary actions as required.
3. Quantum of claims, if any: NA