Jindal Poly Films Ltd announced on July 22, 2026, that its wholly owned subsidiary, JPF Netherlands Investment B.V., has submitted an application to strike off JPF API Laminates UK Limited. The step-down subsidiary will cease to be part of the company's corporate structure upon the completion of this process. The entity is not classified as a material subsidiary of Jindal Poly Films Ltd .

The application was intimated to the company at 02:35 p.m. on July 22, 2026. The disclosure was made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulatory filing referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Financial Impact of Subsidiary

The filing provided specific financial details regarding the performance of JPF API Laminates UK Limited for the previous financial year. The step-down subsidiary contributed minimally to the group's overall operations while carrying a negative net worth.

The striking-off process will result in JPF API Laminates UK Limited ceasing to be a subsidiary of JPF Netherlands Investment B.V. and, consequently, ceasing to be a step-down subsidiary of Jindal Poly Films Ltd. Sanjeev Saxena, Director, signed the disclosure on behalf of the company.

The Supreme Court of India has been approached with a request to overturn a class action order pertaining to jindal poly films , as minority shareholders seek to participate in the case following a referral to arbitration. The legal development has drawn attention to the rights of minority investors and the procedural complexities surrounding class action litigation in Indian corporate law.

Minority Shareholders Seek Entry Into Legal Proceedings

Following the referral of the matter to arbitration, minority shareholders of Jindal Poly Films have moved to join the class action case. Their push to be included in the proceedings underscores the significance of the dispute for smaller investors who may be directly affected by the outcome of the litigation.

Supreme Court Approached to Reverse Class Action Order

The apex court has been petitioned to set aside the existing class action order. The request to overturn the order reflects the contested nature of the legal proceedings and the differing positions of the parties involved. The arbitration referral appears to have been a pivotal development that prompted minority shareholders to assert their standing in the case.

Key Developments at a Glance

The intersection of arbitration proceedings and class action rights raises important questions about the legal avenues available to minority shareholders in India. The outcome of the Supreme Court's consideration could have broader implications for how such disputes are handled in similar corporate contexts going forward.