Jyoti Limited has informed the Bombay Stock Exchange (BSE) about an important regulatory development related to a customs matter that had previously been disclosed to investors.

The company confirmed that the Customs Department has officially closed the project registration related to the earlier show cause notice, and as a result all liabilities mentioned in that notice have been extinguished.

This disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, which requires listed companies to inform stock exchanges about material legal or regulatory developments.

The update provides clarity on a matter that had earlier been reported in October 2025, when the company first informed stock exchanges about the show cause notice issued by customs authorities.

Background of the Customs Notice

The matter originated when customs authorities issued a show cause notice to Jyoti Limited under provisions of the Customs Act, 1962, along with the Project Import Regulations, 1986.

The notice was issued by the:

Office of the Assistant Commissioner of Customs
Jawaharlal Nehru Customs House
Nhava Sheva, Maharashtra

A show cause notice typically requires a company to explain or justify certain actions related to customs duties, import procedures, or compliance with project import regulations.

At the time the notice was issued, the company had informed the stock exchange about the development on October 15, 2025, as part of its regulatory disclosure obligations.

Such notices are common in cases where customs authorities review import documentation, project registrations, or compliance with applicable regulations.

Closure of Project Registration

Jyoti Limited has now confirmed that it has submitted all the necessary documentation required by the customs authorities for closing the project registration under the Project Import Regulations, 1986.

After reviewing the submitted documentation, the Customs Department confirmed that the project registration has been officially closed.

This closure effectively resolves the regulatory matter associated with the earlier show cause notice.

The company received the official letter from customs authorities confirming the closure on March 10, 2026.

The disclosure to the stock exchange was made on March 11, 2026, ensuring that investors and stakeholders are informed about the resolution of the matter.

Extinguishment of Liabilities

One of the most important aspects of the development is that all liabilities mentioned in the earlier show cause notice have been extinguished.

This means that:

• The company will not face any financial penalties or compensation obligations related to the notice.

• The regulatory matter has been fully resolved following the closure of project registration.

• There are no remaining claims or financial implications arising from the case.

The company clarified in its disclosure that since the project registration has been formally closed, all associated liabilities mentioned in the notice have automatically ceased to exist.

This provides clarity to investors regarding the financial and regulatory impact of the matter.

Compliance with SEBI Regulations

Jyoti Limited made the disclosure in compliance with:

• Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

• SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

These regulations require listed companies to disclose material litigation, regulatory actions, and legal developments that may impact the company’s operations or financial position.

The disclosure was submitted by S. Singhal, Vice President (Legal) and Company Secretary of Jyoti Limited.

Such disclosures help maintain transparency and corporate governance standards in India’s capital markets.

Importance of Project Import Regulations

The Project Import Regulations, 1986 allow companies involved in large industrial or infrastructure projects to import equipment and machinery under a special customs classification.

This framework simplifies the customs duty structure for complex industrial projects requiring multiple equipment imports.

However, companies must comply with certain requirements, including:

• Registration of the project with customs authorities

• Submission of documentation related to imported equipment

• Closure of the project registration once the project is completed

Failure to complete these procedures properly can sometimes lead to regulatory notices or compliance queries from customs authorities.

In Jyoti Limited’s case, the matter has now been resolved following submission of the required documentation and closure of the registration.

Corporate Profile of Jyoti Limited

Jyoti Limited is a long-established Indian engineering company headquartered in Vadodara, Gujarat.

The company has been involved in various industrial sectors, including:

• Power generation equipment

• Industrial engineering solutions

• Electrical and mechanical systems

Over the years, Jyoti Limited has built expertise in engineering, manufacturing and infrastructure-related technologies.

The company continues to operate in sectors that support industrial development and infrastructure growth in India.

Impact on Investors and Business Operations

The closure of the customs matter is expected to remove any regulatory uncertainty associated with the earlier show cause notice.

Since all liabilities have been extinguished, the development:

• Eliminates potential financial risks related to penalties or claims

• Clarifies the company’s regulatory compliance position

• Strengthens transparency with investors through timely disclosure

For shareholders and market participants, such updates are important as they provide clarity on legal and regulatory matters affecting listed companies.

Conclusion

The latest disclosure by Jyoti Limited confirms that the customs-related issue previously reported by the company has now been resolved.

Following the closure of the project registration under the Project Import Regulations, 1986, the Customs Department has extinguished all liabilities mentioned in the earlier show cause notice.

The development brings closure to the regulatory matter and ensures that the company no longer faces any financial or legal implications related to the case.

By informing the stock exchange about the resolution, Jyoti Limited has fulfilled its SEBI disclosure obligations while providing transparency to investors regarding the status of the customs case.

Join our Telegram Channel for Latest News and Regular Updates.

Start your Mutual Fund Journey  by Opening Free Account in Asset Plus.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.