JPFL: NCLT issues notice on SEBI's intervention in minority shareholder case
Jindal Poly Films Ltd (JPFL) announced that the National Company Law Tribunal (NCLT) has issued notice on an intervention application filed by the Securities and Exchange Board of India (SEBI). This application is in connection with a petition filed by minority shareholders, Mr. Ankit Jain & Ors. While JPFL has received SEBI's intervention application, it is still awaiting the official copy of the NCLT's order dated April 9, 2026. SEBI's application includes a preliminary report on the matter. JPFL reiterated its commitment to legal and regulatory compliance and high standards of corporate governance, asserting that all past transactions adhered to due law and processes with necessary approvals. The company expressed full trust in India's judicial system and is preparing its course of action.
Key Highlights
- NCLT issued notice on SEBI's intervention application in a minority shareholder petition.
- SEBI's application includes a preliminary report on the matter before NCLT.
- JPFL has received SEBI's application but awaits the NCLT order copy.
- Company reaffirms commitment to compliance and corporate governance standards.
- JPFL states all transactions followed due legal processes and approvals.
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