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

Jaiprakash Associates Limited has sold its cement undertakings in Rewa, Churk, Chunar, and Sadwa to Dalmia Cement (Bharat) Limited for a consideration of ₹2,850 Crores. The transaction was consummated on May 29, 2026, pursuant to a business transfer agreement cum settlement agreement. This strategic move is intended to settle and bring quietus to all disputes and differences between the two companies concerning ongoing legal proceedings, a pending arbitral award, and a framework agreement executed in December 2022.

The sale includes cement plants located in Rewa (Madhya Pradesh) and Churk, Chunar, and Sadwa (Uttar Pradesh). By finalizing this agreement, Jaiprakash Associates aims to resolve all existing litigations and arbitral matters with Dalmia Cement (Bharat) Limited. The consideration of ₹2,850 Crores will be paid as part of the settlement terms agreed upon by both parties.

Transaction Details

The following table outlines the key details of the transaction:

The disclosure was made to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Som Nath Grover, Company Secretary & Compliance Officer of Jaiprakash Associates Limited, signed the filing on behalf of the company.