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.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment4/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Jyoti Ltd-$ - 504076 - Update On Listing Of Shares

Attachments (1)

📄

9f90e5b9-d471-4abc-be65-8ad28876f0f9.pdf

pdf

Download →
View document text
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