Board approves voluntary surrender of RBI Certificate of Registration; CFO resignation accepted

JPT Securities' Board met on October 06, 2026.

Tue 6 Oct 2026

Board Meeting Date

October 06, 2026

Operational Income

nil during the Second Quarter and subsequent quarters of FY 2025-26 and the First Quarter of FY 2026-27

CFO Cessation Effective Date

closing hours of October 06, 2026

Two separate matters were placed before the Board of JPT Securities Limited at its meeting on October 06, 2026 — a decision to exit the NBFC business and a change in the finance leadership.

Voluntary surrender of the RBI Certificate of Registration

• The Board approved discontinuing the business/activity requiring registration as an NBFC and voluntarily surrendering the Certificate of Registration (CoR) granted by the Reserve Bank of India.
• The reasons recorded: continuing negative Net Owned Fund/negative net worth position, nil Operational income during the recent reported quarters, NPA classification and provisioning, the funds required to restore the prescribed NOF, the feasibility of arranging or infusing such funds, and the overall financial and business viability of continuing the NBFC business.
• The Company has reported nil Operational income during the Second Quarter and subsequent quarters of FY 2025-26 and the First Quarter of FY 2026-27, and a negative net worth/NOF position.
• Next step: the prescribed application is to be submitted to RBI through the applicable process/PRAVAAH portal along with supporting documents, for which the Company has also received a letter from RBI.
• The CoR continues to remain in force until the application is considered and cancellation is formally communicated by RBI.
• The Company states that the exact financial impact, if any, will be assessed and disclosed as required, and that consequential regulatory/corporate actions will follow upon cancellation.

Resignation of the Chief Financial Officer

• The Board took note of and accepted the resignation of Mr. Arun Sahu as Chief Financial Officer and Key Managerial Personnel.
• The stated reason is personal reasons and inability to continue in the role.
• The cessation is effective from the closing hours of October 06, 2026.
• The Company confirms there is no other material reason for the resignation other than the reason stated.
• In his letter, Mr. Arun Sahu has requested settlement and release of his outstanding dues from his services during his tenure, including any pending salary, gratuity, leave encashment, reimbursements and other statutory, contractual or employment-related benefits, as may be applicable.

How this reads

• The update links the surrender decision to the Company's financial position: a negative Net Owned Fund/negative net worth and no Operational income in the recent reported quarters.
• The exit from the NBFC business is subject to the RBI process — the registration stays alive until RBI formally cancels it, so the surrender is not yet complete.
• Two events are disclosed together: a decision on the business the Company is registered to carry on, and the departure of its CFO on the same date.

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