Jindal Poly Films Reports on NCLT Order Regarding SEBI Intervention Application
Jindal Poly Films Limited provided details concerning an order passed by the National Company Law Tribunal (NCLT) regarding an intervention application filed by the Securities and Exchange Board of India (SEBI).The Company issued a statement confirming that the Hon'ble National Company Law Tribunal, Principal Bench, New Delhi, passed an order on April 9, 2026. This order was passed in Company Petition No. 58/245/PB/2024, filed by Mr. Ankit Jain & Ors., minority shareholders of Jindal Poly Films Limited. Inter alia, the NCLT issued a notice in the intervention application filed by SEBI and directed the concerned parties to file their replies.
Jindal Poly Films noted that while the Company has received a copy of the intervention application filed by SEBI, it is yet to receive the copy of the order passed by the Hon'ble NCLT.
In addressing media reports, the Company stated its commitment to complying with the applicable legal and regulatory framework and adhering to high standards of corporate governance. The filing reiterated that all transactions were conducted following due law and processes, as per the Companies Act and SEBI requirements with necessary approvals, expressing full trust in the due process of the judicial system.
The details regarding this communication are summarized below:
| Particulars | Details |
|---|---|
| Name of the listed company | Jindal Poly Films Limited |
| Status/Development | Hon'ble NCLT has issued notice in the intervention application filed by SEBI and directed to file their replies. The Company is yet to receive the NCLT Order. |
| Type of communication received | Intervention Petition filed by SEBI before Hon'ble NCLT, New Delhi. The Company is yet to receive the copy of the Hon'ble NCLT order. |
| Date of receipt of communication | The Company received the advance service of the Intervention Application on March 07, 2026. However, the Hon'ble NCLT issued the notice on 09.04.2026, and the copy of the said order is yet to be received. |
| Authority from whom communication received | NCLT/SEBI. The Company is yet to receive the copy of the Hon'ble NCLT order. |
| Brief summary of material contents | The instant Intervention Application was filed before Hon'ble NCLT in the subject matter, submitting a preliminary report. The Company is in the process of taking appropriate course of action. |
Regarding the implications, the material contents of the communication are noted as being subject to ongoing proceedings, and the Company confirmed that the matter is currently sub-judice.
JINDALPOLY Stock Price Movement
Shares of Jindal Poly Films Limited today slipped by 5.00% to settle at ₹770. The stock saw a trading volume of 116,595 shares as the market closed.Source:
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