Jaiprakash Associates Limited has been delisted from BSE Limited and National Stock Exchange of India Limited effective June 18, 2026. The delisting follows the final approval received from both exchanges and is pursuant to the resolution plan approved by the Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench, under the Insolvency and Bankruptcy Code, 2016. This development concludes the company's trading presence on India's premier stock exchanges as part of its restructuring process.

Regulatory Framework and Approval

The delisting is executed in accordance with the NCLT order dated March 17, 2026. The company confirmed compliance with the requirements specified in the NCLT order for the removal of its equity shares. The National Stock Exchange of India Limited issued a circular (Ref. No: 2026/0939) on June 11, 2026, notifying the withdrawal of admission to dealings in the securities of Jaiprakash Associates Limited. The move is sanctioned under section 30(6) read with section 31 of the Insolvency and Bankruptcy Code, 2016.

Key Delisting Parameters

The following table summarizes the specifics of the delisting:

Exchange Notifications

BSE Limited issued a notice (No. 20260611-5) on June 11, 2026, confirming the delisting from its records. Som Nath Grover, Vice President & Company Secretary of Jaiprakash Associates Limited, formally intimated the exchanges regarding the receipt of the final approval. The company expressed appreciation for the support extended by the exchanges during the period of listing of its securities.

Jaiprakash Associates Limited will disclose its annual audited financial results for the financial year 2025-26 within 120 days from the end of the financial year, following the approval of its resolution plan under the Corporate Insolvency Resolution Process (CIRP). The company communicated this extension to the National Stock Exchange of India, citing Regulation 33(3)(d) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, which permits the extended timeline for entities undergoing insolvency proceedings.

The National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj, admitted Jaiprakash Associates to CIRP under the Insolvency & Bankruptcy Code, 2016 on June 3, 2024. Subsequently, the NCLT approved the resolution plan submitted by Adani Enterprises under Section 31 of the IBC on March 17, 2026. The company submitted a copy of this order to the stock exchanges on March 19, 2026.

In its communication to the exchange, Jaiprakash Associates stated that the financial results for the quarter and year ended March 31, 2026, are currently under preparation. The company confirmed that it will provide the requisite notice of the board meeting where these results will be considered and approved. The filing is intended to comply with the permitted 120-day timeline.

The National Stock Exchange had earlier issued a notice to the company on June 1, 2026, regarding the non-submission of financial results for the period ended March 31, 2026. The exchange notice referenced Regulation 33 of the SEBI LODR Regulations and required the submission of the outcome of the board meeting with financial results as the agenda. The exchange also mandated the submission of Integrated Filing (Financial) in XBRL mode on the same date as the financial results.

Key Regulatory Dates and Events