Jain Irrigation Systems Files SEBI Compliance Certificate for DVR Shares Q4 FY26

Jain Irrigation Systems Ltd. has submitted its quarterly compliance certificate to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) for the quarter ended March 31, 2026. The filing, dated April 6, 2026, fulfills the company's regulatory obligations under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

DVR Equity Shares Compliance Details

The certificate specifically covers the company's Differential Voting Rights (DVR) equity shares, confirming that all securities received from depository participants for dematerialization during the quarter were properly processed. The document was signed by A V Ghodgaonkar, Company Secretary of Jain Irrigation Systems Ltd, and filed under reference number JISL/SEC/2026/04/B-2/B-6.

Parameter: Details Filing Date: April 6, 2026 Quarter Covered: March 31, 2026 BSE Code: 570004 NSE Symbol: JISLDVREQS Security Type: DVR Equity Shares Reference Number: JISL/SEC/2026/04/B-2/B-6

RTA Confirmation Process

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, serves as the company's Registrar and Transfer Agent. The RTA provided confirmation on April 3, 2026, validating the proper handling of dematerialization requests during the reporting period. Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India, signed the confirmation certificate.

The RTA confirmed that all security certificates received for dematerialization were properly mutilated and cancelled after due verification by depository participants. Additionally, the names of depositories were substituted in the register of members as registered owners within the prescribed timelines of 15 days, ensuring compliance with regulatory requirements.

Regulatory Compliance Framework

The filing assures that securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are traded. This confirmation maintains continuity in the company's listing status and ensures that dematerialized DVR equity shares retain their trading eligibility on both BSE and NSE platforms.

The quarterly certificate represents part of Jain Irrigation Systems' ongoing regulatory compliance framework, demonstrating the company's commitment to maintaining transparent and efficient securities handling processes in accordance with SEBI guidelines for both ordinary and differential voting rights equity shares.

Jain irrigation systems has informed stock exchanges about CRISIL Ratings Limited's decision to reaffirm its credit ratings while revising the outlook from Stable to Negative. The rating agency communicated this decision through its letter dated March 30, 2026, covering the company's bank loan facilities and non-convertible debentures.

Rating Action Details

CRISIL has taken comprehensive rating action on Jain Irrigation Systems' debt instruments, maintaining the existing rating levels while adjusting the outlook assessment.

Instrument Type: Amount Rating Action Total Bank Loan Facilities: Rs.2930 Crore CRISIL BBB-/Negative (Outlook revised from Stable; Rating Reaffirmed) Short Term Rating: Rs.2930 Crore CRISIL A3 (Reaffirmed) Non-Convertible Debentures: Rs.785.63 Crore CRISIL BBB-/Negative (Outlook revised from Stable; Rating Reaffirmed)

Bank Facility Composition

The Rs.2930 crore bank loan facilities encompass various types of credit arrangements across multiple banking institutions. The facilities include fund-based facilities, bank guarantees, letters of credit, external commercial borrowings, and funded interest term loans. Major banking partners include State Bank of India, Bank of Baroda, Union Bank of India, Canara Bank, IDBI Bank Limited, and Punjab National Bank.

Major Banking Partners: Facility Amount (Rs. Crore) State Bank of India: 915.31 IDBI Bank Limited: 321.59 Union Bank of India: 325.47 Canara Bank: 286.09 Punjab National Bank: 212.96 Bank of Baroda: 152.41

The rating coverage also extends to facilities with international lenders including International Finance Corporation and specialized institutions like J.C. Flowers Asset Reconstruction Private Limited and Asset Reconstruction Company (India) Limited.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary A V Ghodgaonkar signed the intimation letter on March 31, 2026, ensuring timely communication to both BSE Limited and National Stock Exchange of India Limited.

Rating Implications

The BBB- rating indicates that CRISIL considers the instruments to have moderate degree of safety regarding timely servicing of financial obligations, carrying moderate credit risk. The revision of outlook to Negative suggests potential concerns about the company's future credit profile, though the current rating levels remain unchanged.

CRISIL maintains continuous surveillance over all assigned ratings and reserves the right to revise ratings based on new information or changing circumstances that may impact the credit assessment. The rating agency has specified that in case the company does not avail the proposed facilities within 180 days from March 30, 2026, a fresh letter of revalidation will be necessary.

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