New Delhi, January 15, 2026: Jindal Poly Investment and Finance Company Limited (BSE: 536773 | NSE: JPOLYINVST) on Thursday informed investors about the cancellation and fresh allotment of securities following the implementation of a demerger involving its power sector investments.
The company, which holds equity and preference share investments in Jindal India Powertech Limited, received confirmation of the scheme implementation on January 14, 2026. Under the restructuring, the specified business of the demerged entity has been transferred to Jindal India Power Limited, the resulting company under the approved scheme.
Cancellation of Preference Shares
As part of the restructuring exercise, a portion of Jindal Poly Investment’s holdings in 0 percent Redeemable Preference Shares of the demerged company were cancelled. The cancelled instruments include:| Particulars | Series | Face Value | Number of Shares Cancelled |
|---|---|---|---|
| Redeemable Preference Shares | Series I | ₹10 each | 23,25,350 |
| Redeemable Preference Shares | Series II | ₹10 each | 8,53,100 |
Fresh Allotment by Resulting Company
In line with the scheme terms, the resulting company has issued and allotted an equivalent number of Series I and Series II 0 percent Redeemable Preference Shares to Jindal Poly Investment. These newly issued preference shares carry the same tenure and identical terms and conditions as those originally issued by the demerged entity.Separately, based on the shareholding structure of the demerged company, the resulting company has also issued 10,38,68,513 equity shares of face value ₹10 each. These equity shares rank pari passu with existing equity shares in all respects, including voting rights and dividend entitlement.
Effective Date and Corporate Impact
The restructuring scheme became effective on December 11, 2025. The transaction realigns Jindal Poly Investment’s exposure within the power segment while maintaining economic continuity through equivalent allotments in the resulting entity.The company stated that the above actions complete the implementation steps relevant to its shareholding under the approved demerger framework .
About the Company
Jindal Poly Investment and Finance Company Limited is a listed investment holding company with interests across manufacturing, energy, and financial investments. The company’s shares are listed on both BSE and NSE, and it operates as part of the broader Jindal Group ecosystem.Source:
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