Jay Bee Laminations Limited, formerly known as Jay Bee Laminations Private Limited, has officially declared that it is not required to submit the corporate governance compliance report under Regulation 27(2)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed the National Stock Exchange of India Limited (NSE) that its listing on the SME platform (NSE EMERGE) exempts it from these compliance obligations.

Regulatory Exemption for SME Listed Companies

Under Regulation 15(2)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, companies listed on SME platforms like NSE EMERGE are not required to comply with corporate governance provisions, including the submission of quarterly compliance reports under Regulation 27(2).

As a result, Jay Bee Laminations Limited will not be filing the corporate governance compliance report for the quarter ended March 31, 2025.

Key Highlights of the Announcement:

• Jay Bee Laminations Limited is listed on NSE EMERGE, an SME platform of NSE.

• Corporate governance compliance as per SEBI Regulation 27(2) is not applicable to SME-listed companies.

• The company is not required to submit a quarterly compliance report for March 2025.

This exemption allows SME-listed companies like Jay Bee Laminations to focus on business operations while still maintaining compliance with other necessary SEBI regulations.

Understanding NSE EMERGE and SME Listing Benefits

NSE EMERGE is a dedicated platform for Small and Medium Enterprises (SMEs) to raise capital and get listed without the extensive regulatory requirements applicable to mainboard-listed companies. Companies listed on NSE EMERGE enjoy several benefits, including:

• Relaxed compliance norms compared to mainboard-listed entities.

• Increased access to capital markets while catering to SME-specific needs.

• Lighter regulatory burden, enabling businesses to focus on growth.

Since Jay Bee Laminations is listed on this SME platform, it is not subject to the extensive corporate governance requirements that larger companies on the main exchange must follow.

Company Statement on the Exemption

The company has formally notified the Listing Department of NSE regarding this exemption and has requested the stock exchange to take note of this information for regulatory records.

According to Arti Chauhan, Company Secretary & Compliance Officer of Jay Bee Laminations Limited, the company is following the regulatory framework and is exempt from corporate governance compliance submissions due to its SME platform listing.

Conclusion

Jay Bee Laminations Limited’s exemption from corporate governance compliance reporting highlights the regulatory flexibility offered to SME-listed companies on NSE EMERGE. This update confirms that the company will not be submitting a quarterly compliance report for March 2025, in line with SEBI’s regulations for SME-listed firms. The move enables the company to focus on its core operations and growth strategies while remaining compliant with SEBI’s guidelines for SME-listed entities.

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