JBF INDUSTRIES LTD.

JBF Industries Ltd has announced an update regarding its Corporate Insolvency Resolution Process (CIRP). The Committee of Creditors (CoC) decided to republish Form G and sought an extension for the CIRP period. The National Company Law Tribunal (NCLT), Ahmedabad Bench, has granted this extension for a further period of 90 days, effective from June 19, 2026. Consequently, a fresh invitation for Expression of Interests (EoIs) is being published today. The company has also submitted the written order of the NCLT and the republished Form G.

JBF Industries Ltd will hold an Extra-Ordinary General Meeting (EGM) on June 23, 2026, via video conferencing. The meeting includes the appointment of a Secretarial Auditor for a five-year term from FY26 to FY30. The notice and explanatory statement have been sent electronically to members and are available on the company's website and stock exchanges.

JBF Industries Ltd has appointed M/s Elias L. Rodrigues & Co. as its Secretarial Auditor for a term of five years, from April 1, 2025, to March 31, 2030. The appointment was approved by the Resolution Professional on May 19, 2026, and recommended for shareholder approval. Elias L. Rodrigues & Co. is a firm of Practising Company Secretaries established in 2018, specializing in secretarial audits, corporate advisory, and compliance management.

JBF Industries Ltd's audited financial results for the year ended March 31, 2026, received a qualified opinion from the auditor, S. C. AJMERA & CO. The qualification is due to non-provision of interest on loans and preference shares, and a claim against JBF RAK LLC. The auditor noted that had the interest been provided, the net loss would have been ₹(45824) lakhs instead of ₹(541) lakhs.

JBF Industries Ltd's audited financial results for the year ended March 31, 2026, received a qualified opinion from the auditor, S. C. AJMERA & CO. The qualification stems from non-compliance with Ind-AS -23 and Ind-AS-109 due to under-provision of interest on loans and CRPS amounting to ₹45283 lakhs for the year. Additionally, no provision was made for a claim of ₹12,848 Lakhs by an operational creditor of JBF RAK LLC. The board meeting concluded at 19.05 hrs on May 19, 2026.

JBF Industries Ltd has scheduled a meeting of its Board of Directors on May 19, 2026, to consider and approve the Audited Financial Results for the quarter and year ended March 31, 2026. This is in compliance with Regulation 29(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, JBF Industries Ltd. has announced that the Resolution Professional had submitted one Resolution Plan before the Hon’ble National Company Law Tribunal (NCLT), Ahmedabad Bench. However, the NCLT has orally pronounced an order on March 18, 2026, rejecting the said Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code, 2016, as amended, and referring the matter back to the COC.

JBF Industries Ltd. has released its un-audited financial results for the quarter ended on 31st December 2025, which shows a qualified opinion from the independent auditor due to certain issues. The company has reported lower provision of finance cost for the quarter due to non-compliance with IND AS - S.C. Ajmera & Co. Chartered Accountants. Additionally, there is an unquantified claim from an operational creditor of JBF RAK, a subsidiary of the company. The company's 'going concern' status is significantly impacted, and there are uncertainties regarding the recovery of dues from Tamilnad Mercantile Bank Ltd. The company has also not prepared consolidated financial statements and has not appointed a Chief Executive Officer, Chief Financial Officer, Company Secretary & Compliance Officer, and Internal Auditor as required.

JBF Industries Ltd, in compliance with Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, has reported its un-audited financial results for the quarter ended on 31st December, 2025. The meeting of the Resolution Professional of the Company, held on 30th January, 2026, approved the financial statements. The company has reported a net loss after tax of Rs. (11,765) lakhs, compared to a net loss of Rs. (160) lakhs in the same period last year. This significant increase in net loss is primarily due to accounting discrepancies in the provision of interest on term loans, cash credit limits, and cumulative redeemable preference shares (CRPS). The company has not provided interest at the documented rate, resulting in a lower provision of finance cost for the quarter ended 31st December 2025 by Rs. 11,605 lakhs, which is not in compliance with IND AS - S.C. AJMERA & CO. CHARTERED ACCOUNTANTS read with IND AS-109 on “Financial Instruments”. The company has also not considered a claim of Rs. 12,848 Lakhs (US$ 19,899,091.53) from an operational creditor of JBF RAK LLC, situated at UAE, a subsidiary of the company, for supply of raw materials to JBF RAK. The matter is subjudice and the company is unable to quantify the provisions for the claim at this stage, if any, and its consequential impacts on the financial results.

JBF Industries Ltd has announced that its Board of Directors will meet on 30th January 2026 to consider and approve the un-audited financial results for the quarter and nine months ended December 31, 2025. This is in compliance with Regulation 29(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results will be disseminated on the same day.