Announcements

Pursuant to Regulation 32 (6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 41 (4) of the SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018, a report received from CARE Ratings Limited, Monitoring Agency, on utilization of IPO Proceeds till the quarter ended on September 30, 2024, is enclosed herewith.

Pursuant to Regulation 32 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, a statement of deviation(s) or variation(s), if any, in utilization of IPO proceeds, as reviewed by Audit Committee, is enclosed herewith.

Kindly note that changes may happen due to exigencies on the part of the Company.

Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) read with provisions of Part A of Schedule III to SEBI Listing Regulations, this is to herewith inform that, based on recommendation of Nomination and Remuneration Committee, the Board of Directors of Jyoti CNC Automation Limited at its meeting held November 14, 2024 has appointed Mr. P. N. Prasad (DIN: 07430506) Additional Director in the category of Independent Director with effect from November 14, 2024.

The brief profile and additional details of Mr. P. N. Prasad (DIN: 07430506) as required pursuant to regulation 30 of the SEBI Listing Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed herewith. It is requested to read the profile and appointment details of Mr. P. N. Prasad given herewith only.

Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, this is to herewith inform the below decisions taken by the board of directors of the company at their meeting held on November 14, 2024.

[1] Approval of Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended on September 30, 2024.

[2] Capacity Expansion:

The company will expands its installed manufacturing capacity for an additional 10,000 Machines P.A. at its manufacturing Facilities situated at Lodhika GIDC, Metoda, Rajkot.

For Capacity addition, company to spend an estimated amount of Rs. 400 Crores, to be raised through internal and external sources, in the next two fiscal years.

Along with ongoing infrastructure development and streamlining in manufacturing operations, which will assist the company for better utilization of its existing manufacturing facilities to manufacture an additional 1,600 machines P.A., the total installed manufacturing capacity, after proposed expansion, will increase from 4,400 Machines P.A. to 16,000 Machines P.A. Till September 30, 2024, the total capacity utilization stands at 83.40%.

The capacity addition will be undertaken in view of future business opportunities.

[3]Appointment of Mr. P. N. Prasad (DIN: 07430506) as an Additional Director in the category of Independent Director..

The meeting of Board of Directors Commenced at 12:00 Noon and ended at 01:30 PM.

Pursuant to Regulation 29 of the SEBI Listing Regulations, 2015, we hereby inform that the Meeting of Board of Directors of the Company is scheduled to be held on Thursday, November 14, 2024 inter alia to consider and approve the un-audited standalone and consolidated financial results for the quarter/ half year ended on September 30, 2024.

Further, as communicated earlier and pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 read with Company’s Code to Regulate, Monitor and Report Trading by Insiders, the trading window for dealing in the securities of the Company will remain closed up to forty-eight hours after the announcement of the un-audited standalone and consolidated financial results for the quarter/ half year ended on September 30, 2024.

We herewith regret to inform about demise of Mr. Yudhvir Singh Jain (DIN: 06507365), Independent Director of the Company, on October 24, 2024, which was intimated to the company by his family member today. We convey our deep sympathy and condolence to his family members. God bless his soul.

Details in pursuant to SEBI Listing Regulations are given in Annexure I enclosed herewith.

In continuation of our letter dated September 30, 2024 and pursuant to Regulation 44 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations), we herewith made below submission;

1. The details of Voting Results (including vote casted through remote e-voting) on businesses transacted at 33rd Annual General Meeting (“AGM”) of the Company held on Monday September 30, 2024 at 12:00 Noon at Plot No. 2839, Lodhika GIDC, Kalawad Road, Metoda, Rajkot – 360 021, Gujarat.

2. Report of Scrutinizer issued in pursuant to section 108 of the Companies Act, 2013 read with rule 21(2) of the Companies (Management and Administration) Rules, 2014.

Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations) read with provisions of Part A of Schedule III to SEBI LODR Regulations, this is to herewith inform that the members of the company at their 33rd annual general meeting held on September 30, 2024, have appointed Mr. Yudhvir Singh Jain (DIN: 06507365) as an Independent Director to hold office for an initial term of five years effective from October 01, 2024 and end on September 30, 2029.

Pursuant to regulation 30 of the SEBI Listing Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, brief profile and additional details of Mr. Yudhvir Singh Jain (DIN: 06507365) as required are enclosed herewith.

Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”) read with Part A of Schedule III of SEBI LODR Regulations, we herein below submit a proceedings of 33rd Annual General Meeting of Members of the Company held on Monday September 30, 2024.

Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”) read with Part A of Schedule III to the SEBI LODR Regulations, this is to herewith inform that Mr. Yogesh Damodardas Kathrecha (DIN: 02355968) and Mr. Vijay Vaman Paranjape (DIN: 00370451) were ceased to hold office of Independent Director in Company in pursuant to the provisions of Section 149(11) of Companies Act, 2013.

In terms of provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended and Company’s Code of Conduct to regulate, monitor and report trading by Designated Persons, the Trading Window for dealing in securities of the Company by Designated Persons shall remain closed from October 01, 2024 till 48 hours from the date of Board Meeting where in the financial results of the Company for the quarter ending on September 30, 2024 will be approved.

The date of the Board Meeting on which the said results will be considered shall be intimated in due course of time.

Pursuant to Regulation 32 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, a statement of deviation(s) or variation(s), if any, in utilization of IPO proceeds, as reviewed by Audit Committee, is enclosed herewith.

Kindly note that changes may happen due to exigencies on the part of the Company.

With reference to the above subject, we herewith inform you that the Board of Directors of Jyoti CNC Automation Limited at its meeting held today i.e. Saturday, August 10, 2024 inter-alia Considered and approved Standalone and Consolidated Unaudited Financial Results for the quarter ended on June 30, 2024.

In this respect, we are attaching herewith following documents:
1. Standalone and Consolidated Unaudited Financial Results for the quarter ended on June 30, 2024.
2. Limited Review Report of the Statutory Auditors of the Company i.e. M/s. G.K. Choksi & Co. on the above Results.

The meeting of Board of Directors commenced at 12.10 IST and ended at 13.15 IST.

Pursuant to Regulation 32 (6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 41 (4) of the SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018, a report received from CARE Ratings Limited, Monitoring Agency, on utilization of IPO Proceeds till the quarter ended on June 30, 2024, is enclosed herewith.

Pursuant to Regulation 29 of the SEBI Listing Regulations, 2015, we hereby inform the Stock Exchange that the Meeting of Board of Directors of the Company is scheduled to be held on Saturday, August 10, 2024 inter alia to consider and approve the un-audited standalone and consolidated financial results for the quarter ended on June 30, 2024.

Further, as communicated earlier, pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and as per the Company’s Code to Regulate, Monitor and Report Trading by Insiders, the trading window for dealing in the securities of the Company has been closed up to forty-eight hours after the announcement of the un-audited standalone and consolidated financial results for the quarter ended on June 30, 2024.

Pursuant to the Regulation 30 read with Part A of Schedule III to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Infomerics Valuation and Rating Private Limited Credit Rating Agency, has upgraded our rating in respect of bank facilities availed by the company, as per the attached intimation.

In terms of provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended and Company’s Code of Conduct to regulate, monitor and report trading by Designated Persons, the Trading Window for dealing in securities of the Company by Designated Persons shall remain closed from July 01, 2024 till 48 hours from the date of Board Meeting where in the financial results of the Company for the quarter ending on June 30, 2024 will be approved.

The date of the Board Meeting on which the said results will be considered shall be intimated in due course of time.

Pursuant to Regulation 32 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, a statement of deviation(s) or variation(s), if any, in utilization of IPO proceeds, as reviewed by Audit Committee, is enclosed herewith.

Kindly note that changes may happen due to exigencies on the part of the Company.

Pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) as amended from time to time, we hereby submit Annual Secretarial Compliance Report of the Company for the year ended March 31, 2024 issued by M/s. N S Dave & Associates, Practicing Company Secretary.

Kindly note that changes may happen due to exigencies on the part of the Company.

Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company hereby submits related party transactions of the Company for the half year ended September 30, 2023.

Pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) as amended from time to time, we hereby submit Annual Secretarial Compliance Report of the Company for the year ended March 31, 2024 issued by M/s. N S Dave & Associates, Practicing Company Secretary.

Kindly note that changes may happen due to exigencies on the part of the Company.

In continuation of our communication date May 12, 2024 and this is to herewith inform that the Board of Directors of Jyoti CNC Automation Limited at its meeting held today i.e. Saturday, May 18, 2024 inter-alia approved:

1. Audited Standalone and Consolidated financial results along with report of Auditor thereon for the quarter and financial year ended on March 31, 2024. The financial results along with the report of Auditor with an unmodified opinion are attached herewith;

2. Appointment of M/s. N. S. Dave & Associates (Membership No. A37176, CP No. 13946) Practicing Company Secretaries, Jamnagar, as Secretarial Auditors to conduct the secretarial audit of the Company for FY 2024-25. Detailed information pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 in respect of appointment of secretarial auditor is given in Annexure-A attached herewith.

The meeting of Board of Directors commenced on 1:30 P.M. and ended on 04:15 P.M.

Pursuant to Regulation 32 (6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 41 (4) of the SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018, a report received from CARE Ratings Limited, Monitoring Agency, on utilization of IPO Proceeds till the quarter ended on March 31, 2024, is enclosed herewith.

Pursuant to Regulation 29 of the SEBI Listing Regulations, 2015, this is to inform that meeting of Board of Directors of the company is convened on Saturday May 18, 2024 to discuss and approve, inter alia, standalone and consolidated financial results for the quarter and financial year ended on March 31, 2024.

Further, in continuation of our earlier intimation of closure of Trading Window, pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window has already been closed with effect from April 01, 2024 for all designated persons and insider and shall remain closed till 48 hours post the announcement of the audited standalone and consolidated financial results for the quarter and financial year ended on March 31, 2024.

This is to inform that the company has received compounding orders passed by statutory authority. Relevant details as required under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 are provided in Annexure A.

Company will take decision after verification of details of the orders and consulting with External Advisor.

I In terms of provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended and Company’s Code of Conduct to regulate, monitor and report trading by Designated Persons, the Trading Window for dealing in securities of the Company by Designated Persons shall remain closed from April 01, 2024 till 48 hours from the date of Board Meeting where in the financial results of the Company for the quarter/ year ended on March 31, 2024 will be approved.

The date of the Board Meeting at which the said results will be considered shall be intimated in due course of time.

Pursuant to Regulation 29 of the SEBI Listing Regulations, 2015, we hereby inform the Stock Exchange that the Meeting of Board of Directors of the Company is scheduled to be held on Wednesday, February 14, 2024 inter alia to consider and approve the un-audited standalone and consolidated financial results for the quarter/ nine months ended on December 31, 2023.

Further, as communicated earlier, pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and as per the Company’s Code to Regulate, Monitor and Report Trading by Insiders, the trading window for dealing in the securities of the Company has been closed up to forty-eight hours after the announcement of the un-audited standalone and consolidated financial results for the quarter/ nine months ended on December 31, 2023.

With reference to the above subject, we hereby inform that, Pursuant to full repayment of loan, EXIM Bank has vide its letter dated February 02, 2024 withdrawn Nomination of Mr. Rikesh Chand (DIN: 08769636) from the Board of Director of the Company and accordingly Mr. Rikesh Chand (DIN: 08769636) Nominee Director, cease to be the Nominee Director of the company with immediate effect.

The Cessation letter with the confirmation under clause 7C of Para A of Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI Circular bearing reference no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are attached herewith.

With reference to the above subject and Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), we would like to inform you that the Board of Directors of the Company has approved and passed the resolution by circulation on today i.e January 29, 2024, Approved the Fresh investment of INR 150,00,00,000 in Jyoti SAS, a Wholly Owned Subsidiary of the Company.

The disclosure under Regulation 30 of SEBI Listing Regulations and the SEBI circular dated July 13, 2023 is attached herewith.

In terms of provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended and Company’s Code of Conduct to regulate, monitor and report trading by Designated Persons, the Trading Window for dealing in securities of the Company by Designated Persons shall remain closed from January 16, 2024 (“Listing Date”) till 48 hours after the declaration of the financial results for the quarter ending on December 31, 2023 for all designated persons of the Company.

The date of the Board Meeting at which the said results will be considered shall be intimated in due course of time.