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Jindal Poly Films Ltd. Approves Scheme of Arrangement for Nonwoven Fabrics Business

Jindal Poly Films Ltd. has approved a Scheme of Arrangement between itself and Global Nonwovens Limited. The scheme proposes to demerge the Nonwoven Fabrics Business division of Jindal Poly Films Limited with and into Global Nonwovens Limited on a going concern basis. The turnover of the demerged division is Rs. 671.23 crore, representing 60% of the total revenue of the Demerged Company for the financial year ended 31st March 2025. The rationale for the demerger is to achieve size, scalability, integration, greater financial strength and flexibility, thereby maximizing shareholder value and achieving higher long-term financial returns. The shareholding pattern of the Demerged Company will remain unchanged, and the Resulting Company will issue and allot its equity shares to the equity shareholders of the Demerged Company in the ratio of 4:1.

• Scheme of Arrangement approved by the Board of Directors of Jindal Poly Films Ltd.
• Demerger of Nonwoven Fabrics Business division with Global Nonwovens Limited.
• Demerged division turnover is Rs. 671.23 crore, representing 60% of the total revenue.
• Rationale for demerger is to maximize shareholder value and achieve higher long-term financial returns.
• Resulting Company to issue and allot equity shares to the equity shareholders of the Demerged Company in the ratio of 4:1.