Jindal poly films Limited has informed stock exchanges about receiving a show cause notice from the Securities and Exchange Board of India (SEBI) regarding certain transactions and governance-related matters. The regulatory communication was received on April 27, 2026, and disclosed to exchanges on April 28, 2026.

Show Cause Notice Details

The show cause notice was issued under reference number SEBI/HO/OWTM/OWTM-SP/I/10156/2026 and delivered through email. The notice addresses observations on certain transactions and issues pertaining to disclosures and governance matters.

Regulatory Framework and Scope

SEBI has issued the show cause notice under multiple sections of the SEBI Act, 1992, specifically:

• Section 11(1)
• Section 11(4)
• Section 11(4A)
• Section 11B(1)
• Section 11B(2)

These sections are read with Sections 15HA and 15HB of the SEBI Act, 1992, in relation to certain transactions and matters pertaining to disclosures and corporate governance.

Current Status and Company Response

The show cause notice is directed at the company and its key management personnel, promoter, and group entities. At this stage, no penalty, restriction, or sanction has been imposed. The notice merely calls upon the recipients to explain why suitable directions and penalty proceedings should not be initiated.

Company's Position and Next Steps

Jindal Poly Films Limited has stated its commitment to extending full support and cooperation to SEBI regarding any inquiries. The company emphasized that all business decisions were taken under commercial wisdom with necessary approvals as required under applicable laws.

The company is currently in the process of taking appropriate course of action, including filing its reply to the show cause notice. Management has reiterated its commitment to complying with the required legal and regulatory framework and adhering to the highest standards of corporate governance.

Financial Impact Assessment

The company has disclosed that the financial implications, if any, cannot be ascertained at this stage since the communication is in the nature of a show cause notice. The company will need to respond to SEBI's observations before any potential financial impact can be determined.

Capital Trust Limited has provided clarification to the National Stock Exchange of India regarding its Limited Review Report for the quarter and nine months ended December 31, 2025, following a query from the exchange.

Auditor Clarification Details

The company's statutory auditor, JKVS & Co. Chartered Accountants, acknowledged an oversight in their original Limited Review Report. In their clarification dated March 26, 2026, the auditors explained that while the report was correctly issued under Standard on Review Engagements (SRE) 2410, they had inadvertently omitted the mention of "Review Report" in the header.

The auditors emphasized that apart from the header correction, no other alterations were made to their earlier report. The revised Independent Auditor's Review Report maintains the same UDIN and confirms that nothing came to their attention that would cause them to believe the unaudited financial results contain any material misstatement.

Company Response and Board Meeting

Capital Trust Limited submitted its response to NSE on February 14, 2026, through Company Secretary Tanya Sethi. The Board Meeting that approved these financial results was held on February 14, 2026, commencing at 03:30 P.M. and concluding at 7:10 P.M.

Financial Results Overview

The financial results under review pertain to the quarter and nine months ended December 31, 2025. The company's standalone financial results showed significant variations in performance metrics.

Business Developments and Strategic Initiatives

The company has adopted a cautious approach to disbursements due to prevailing collection challenges in the unsecured lending sector, resulting in lower disbursements and reduced Asset Under Management. Capital Trust is currently developing its platform and system to launch its Gold Loan product "Secured Loan".

The company successfully completed a Rights Issue of 1,70,09,702 Equity Shares at ₹14 per share, raising ₹2,381 lakhs. The issue opened on October 20, 2025, and closed on November 11, 2025, with shares listed on November 14, 2025. As certified by the Monitoring Agency, the company has fully utilized the funds in accordance with the stated objects.

Regulatory Impact and Compliance

The company recognized an exceptional item of ₹91.47 lakhs as past service cost due to the implementation of New Labour Codes effective November 21, 2025. This impact resulted from changes in the definition of wages affecting gratuity liability calculations.

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, and comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.