Jaiprakash Power Ventures Limited has released its Annual Secretarial Compliance Report for the fiscal year ended March 31, 2026. The report confirms that the company maintains proper Board processes and compliance mechanisms. While the firm has adhered to most statutory standards, it acknowledges certain past non-compliances, including issues related to independent director appointments and committee compositions, for which requisite fines have been duly settled.
Compliance and Governance Update
As part of its commitment to transparency and corporate governance, Jaiprakash Power Ventures Limited has finalized its Secretarial Compliance Report for the period ending March 31, 2026. The review, conducted by a practicing professional, validates the company’s adherence to standard secretarial practices and internal policy frameworks, including the maintenance of a functional website and the timely adoption of all required policies.
Addressing Past Challenges
The report provides clarity on specific historical lapses. Regarding the appointment of non-executive directors who attained the age of 75 years, the company has cleared imposed fines totaling ₹89,680 (BSE) and ₹76,000 (NSE) covering the quarters ended March 2025 and June 2025. Furthermore, the company has settled previous issues regarding the composition of its Nomination and Remuneration Committee.
Legal and Operational Context
The company provided updates on ongoing legal matters, including an application filed before the National Company Law Tribunal (NCLT) by a creditor, which the company is actively contesting. Additionally, the report confirms that the ongoing judicial investigation involving the Chairman does not currently impact the company’s daily operations or overall financial position. The company remains focused on maintaining operational continuity while managing these legal developments.
Source: BSE
