Jetmall Spices and Masala Limited, a publicly listed company on the BSE under Scrip Code 543286, has released a formal communication dated August 1, 2025, concerning the resignation of two vital personnel—Company Secretary and Compliance Officer Ms. Manisha, and Secretarial Auditor M/s. A K Jain & Associates. This development has been disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and regulatory compliance.

Company Secretary Resignation: Ms. Manisha Steps Down

According to the regulatory filing, Ms. Manisha, who served as the Company Secretary and Compliance Officer, has resigned with effect from August 01, 2025. Her resignation was prompted by a paucity of time and other pressing obligations. As disclosed, there were no other material reasons for her resignation.

The official resignation letter, addressed to the Board of Directors of Jetmall Spices and Masala Limited, confirms that her resignation is effective immediately and requests the company to file Form DIR-12 with the Registrar of Companies accordingly. The company has provided a detailed annexure as required under SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Key points disclosed include:

• Name: Ms. Manisha

• Designation: Company Secretary and Compliance Officer

• Reason for Resignation: Due to paucity of time and personal commitments

• Effective Date: August 01, 2025

This resignation is significant, as the Company Secretary plays a crucial role in corporate compliance, including filing statutory returns, maintaining corporate records, and ensuring adherence to SEBI and Companies Act guidelines. The company will need to promptly appoint a new qualified Company Secretary to avoid any compliance lapses.

Resignation of Secretarial Auditor: M/s. A K Jain & Associates

In a parallel development, Jetmall also confirmed the resignation of its Secretarial Auditors, M/s. A K Jain & Associates, also effective from August 01, 2025. The firm cited preoccupation as the reason for stepping down and stated that it was impractical to continue the engagement effectively for the financial year 2024–25.

The disclosure provided by Jetmall as Annexure-II, in line with Part A of Para A of Schedule III of SEBI Regulations, states:

• Name: M/s. A K Jain & Associates

• Designation: Secretarial Auditor

• Reason for Resignation: Preoccupation, making it impractical to continue

• Effective Date: August 01, 2025

Secretarial Auditors are responsible for verifying the company’s compliance with secretarial standards and applicable laws. A change in the auditing team during the financial year could lead to increased scrutiny, so Jetmall Spices and Masala Limited must ensure a timely replacement to carry out the Secretarial Audit without delay.

SEBI Regulation 30 Compliance

Jetmall has made the disclosure as required under Regulation 30 of SEBI LODR, which mandates the filing of any event that could impact investors or the company's operations. Both the Company Secretary resignation and Secretarial Auditor’s resignation qualify as material events. The company has complied by enclosing the relevant resignation letters and Annexures, thus fulfilling its obligation under SEBI guidelines.

This move is a continuation of Jetmall's commitment to maintaining transparent governance and ensuring all statutory obligations are met despite the resignations. These actions align with the company's responsibility toward shareholders and investors.

Impact on Corporate Governance

These resignations underscore the importance of succession planning and the need for stability in compliance functions. The departure of both a KMP (Key Managerial Personnel) and a Secretarial Auditor on the same day could be seen as a red flag unless replacements are made promptly.

The company is expected to:

• Announce replacements for both roles in the coming days

• Ensure uninterrupted compliance with SEBI, Companies Act, and other statutory obligations

• Update stakeholders on any transitional arrangements

For Jetmall Spices and Masala Limited, whose operations revolve around the manufacture and sale of spices and masala products, continued adherence to governance norms is essential. Stakeholders, including regulators, analysts, and investors, will closely monitor how the company addresses these vacancies.

What to Expect Next

Jetmall will need to:

• File the necessary forms with the Registrar of Companies

• Appoint a new Company Secretary and Compliance Officer

• Onboard a new Secretarial Auditor for FY 2024–25

These actions must be taken swiftly to avoid regulatory penalties and preserve investor confidence.

The fact that both resignations occurred on the same day and were due to time constraints and preoccupation may be coincidental, but it will certainly draw attention from market observers. Stakeholders should keep a close watch on upcoming filings and press releases from the company.

Final Thoughts

In conclusion, Jetmall Spices and Masala Limited’s announcement regarding the resignations of Ms. Manisha and M/s. A K Jain & Associates on August 01, 2025, reflects a critical update in the company’s corporate structure and compliance team. While the reasons cited are paucity of time and preoccupation, the onus is now on the company to demonstrate resilience and proactiveness in managing these transitions.

These resignations, as disclosed under SEBI Regulation 30, serve as an example of regulatory compliance and the company’s dedication to transparency. As a Chennai-based, BSE-listed company in the spices sector, Jetmall must now focus on appointing qualified successors, ensuring uninterrupted compliance, and maintaining stakeholder trust.

The disclosures are now part of the company’s official record, and the market will be watching closely to see how Jetmall navigates this period of leadership transition.

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