JINDAL POLY FILMS LTD.

Jindal Poly Films Ltd has announced the closure of its trading window for dealing in equity shares by insiders and designated persons. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will remain shut from July 1, 2026, until 48 hours after the declaration of the company's unaudited financial results for the first quarter ended June 30, 2026. This measure is standard practice to prevent potential insider trading during sensitive financial reporting periods.

Jindal Poly Films Limited announced that the Hon'ble Supreme Court of India, by its order dated June 8, 2026, has set aside the previous orders from the Hon'ble National Company Law Tribunal (NCLT) and the Hon'ble National Company Law Appellate Tribunal (NCLAT) concerning the maintainability of disputes before NCLT. The Supreme Court has further referred these disputes to a sole arbitrator appointed by the court. The company stated that the matter is currently sub-judice, and no financial implications can be ascertained at this stage. Jindal Poly Films will take appropriate steps in response to this development.

Jindal Poly Films Ltd has filed an appeal with the Hon'ble Supreme Court of India against an order from the Hon'ble National Company Law Appellate Tribunal (NCLAT) in CA (AT) No. 47 of 2026. The appeal was verified by the Supreme Court Registry on June 5, 2026, and is scheduled for future listing. The company stated that the financial implications are currently unascertainable as the matter is sub-judice. Further actions will be taken by the company as appropriate.

Jindal Poly Films Ltd. has announced a delay in finalizing the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The delay is attributed to resource movement following a fire incident in May 2025 at a material subsidiary. The board meeting held on May 30, 2026, did not consider the results. The company will announce the rescheduled board meeting in due course and has requested an extension for submitting the financial results, also requesting no adverse action for the delay. The trading window remains closed until 48 hours after the results are declared.

Jindal Poly Films Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the audited financial results (standalone & consolidated) for the fourth quarter and financial year ended March 31, 2026. The trading window, which was previously closed on March 25, 2026, will remain closed until 48 hours after the declaration of the audited financial results.

The Hon’ble National Company Law Tribunal (NCLT), Principal Bench, New Delhi, allowed the substitution of a new shareholder as the lead applicant in a petition filed by minority shareholders of Jindal Poly Films Limited. This decision was made during a hearing on May 7, 2026. M/s Monet Securities Pvt Ltd will replace the original lead applicant. The company has not yet received a copy of the order and states that this substitution does not impact the merits of the case. Jindal Poly Films is currently reviewing the directions and will take appropriate steps.

Jindal Poly Films Ltd has received a Show Cause Notice from SEBI dated April 27, 2026. The notice, issued to the company, its key management personnel, promoter, and group entities, highlights observations on certain transactions and issues related to disclosures and corporate governance. SEBI has provided an opportunity to file a reply. The company stated it will fully cooperate with SEBI, reiterating that all business decisions were made with commercial wisdom and necessary approvals, and affirmed its commitment to legal and regulatory compliance and high corporate governance standards. Financial implications are currently unascertainable.

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.

Jindal Poly Films Ltd's Board of Directors, in a meeting on April 10, 2026, approved the withdrawal of its application filed with BSE and NSE. This application, made under Regulation 37 of SEBI Listing Regulations, sought no-objection letters for a proposed Scheme of Arrangement. The scheme involved the demerger of the company's Non-Woven Fabrics business division into Global Nonwovens Limited. The decision to withdraw was driven by procedural delays, geopolitical instability, evolving business and market dynamics, and the significant time, cost, and regulatory hurdles associated with pursuing the scheme. The company stated that this withdrawal solely relates to the application and does not impact its financial position or results, as the scheme had not yet been filed with the National Company Law Tribunal. Jindal Poly Films will evaluate the appropriate course of action for the scheme in due course.

M Prasad & Co Ltd and PACs have acquired 14,09,536 equity shares of Jindal Poly Films Limited through the open market, cumulatively amounting to 3.22% of the company's share capital. This acquisition increases their holding to 11.40% post-acquisition. The acquisition was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.