On December 26, 2024, J. A. Finance Limited made significant governance announcements in its Board meeting. These changes follow Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, aimed at enhancing corporate transparency and governance. Mr. Altab Uddin Kazi was appointed as an additional Independent Director, effective immediately, subject to shareholder approval. The company has also re-constituted its key committees, including the Audit Committee, Nomination & Remuneration Committee, and the Stakeholders Relationship Committee, to align with best practices in corporate governance.

Mr. Altab Uddin Kazi’s Appointment

Mr. Altab Uddin Kazi, with DIN: 10435916, brings a wealth of knowledge to the company. He is a professional Company Secretary and holds qualifications in commerce and law. He is a fellow member of the Institute of Company Secretaries of India (ICSI) and has further certifications as a qualified Social Impact Assessor. Additionally, he has been honored with a Doctorate Award and has demonstrated expertise across consulting, corporate law, finance, and taxation. His diverse skill set promises to add substantial value to J. A. Finance Limited’s board.

Re-constitution of Key Committees

Along with the director appointment, the company’s Board restructured its Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee. The updated committee compositions aim to strengthen internal controls, ensure transparent executive compensation practices, and enhance stakeholder engagement.

• Audit Committee: Led by Medhavi Lohia, an Independent Director, with Amit Agarwal and Akshay Goyal as members.
• Nomination & Remuneration Committee: Also chaired by Medhavi Lohia, with Amit Agarwal and Ankit Goyal.
• Stakeholders Relationship Committee: Composed of Medhavi Lohia, Amit Agarwal, and Ankit Goyal.

These re-constitutions are part of the company’s ongoing commitment to adhere to regulatory standards and ensure effective decision-making processes.

Impact of the Changes

These appointments and committee changes are in line with the company’s efforts to maintain strong corporate governance and improve shareholder value. By strengthening the board with independent directors and aligning with SEBI regulations, the company seeks to instill greater confidence among investors and stakeholders. It also enhances the board’s oversight capabilities, particularly in managing financial reporting, executive compensation, and stakeholder interests.

J. A. Finance Limited’s commitment to good governance practices is evident as they continue to make strategic decisions that benefit all stakeholders. The appointment of Mr. Kazi and the committee re-structuring reflect the company’s proactive approach in ensuring corporate integrity, compliance with SEBI regulations, and improving operational efficiency.

These developments are expected to contribute positively to the company’s reputation and market performance, as effective governance is key to navigating the complexities of the Indian corporate landscape.

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