Jindal Poly Films has scheduled its 52nd Annual General Meeting for Wednesday, September 30, 2026. The Board of Directors approved the date and related logistics during its meeting held on September 5, 2026.

The company fixed Wednesday, September 23, 2026, as the cut-off date to determine members eligible to vote and attend the AGM. Consequently, the Register of Members and Share Transfer Books will remain closed from Thursday, September 24, 2026, through Wednesday, September 30, 2026.

Voting and Logistics

The AGM will take place at M Garden Hotel in Bulandshahr, Uttar Pradesh, commencing at 1:00 pm. Eligible shareholders can exercise their voting rights via e-voting starting at 9:00 am on Sunday, September 27, 2026. The electronic voting facility closes at 5:00 pm on Tuesday, September 29, 2026.

Mr. Deepak Kukreja, a practicing Company Secretary with DMK Associates, has been appointed as the Scrutinizer for the voting process. In his absence, Mrs. Monika Kohli, also a partner at DMK Associates, will serve as the alternate Scrutinizer.

Board Meeting Details

The Board meeting, which commenced at 4:00 pm and concluded at 6:45 pm, was convened pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Director Prakash Matai signed the disclosure.

Jindal Poly Films reported a consolidated net profit of ₹107.2 crore for the quarter ended June 30, 2026 (Q1FY27), marking a significant turnaround from the net loss of ₹106.2 crore recorded in the corresponding period of the previous fiscal year. The company’s revenue from operations declined to ₹695.8 crore, down from ₹1,083.4 crore in Q1FY26.

The Board of Directors approved the unaudited financial results on August 14, 2026. While the consolidated group returned to profitability, the standalone entity reported a net loss of ₹95.0 crore for the quarter, compared to a net profit of ₹92.6 crore in Q1FY26. This divergence was primarily driven by exceptional items and inter-company loan provisions within the standalone books.

Financial Performance

Consolidated revenue from operations fell 35.7% year-on-year to ₹695.8 crore. Despite the top-line contraction, the group managed to generate a profit before tax and exceptional items of ₹86.9 crore, up from ₹49.2 crore in the prior year quarter. The absence of massive exceptional losses that impacted the previous year’s results contributed significantly to the improved bottom line.

In the standalone segment, revenue from operations rose modestly to ₹190.7 crore from ₹169.8 crore in Q1FY26. However, other income dropped sharply to ₹135.3 crore from ₹174.7 crore. Total expenses stood at ₹177.3 crore, lower than the ₹229.6 crore incurred in the previous year quarter.

What the Numbers Show

The consolidated result reveals a strong operational recovery masked by last year’s comparatives. In Q1FY26, the group absorbed exceptional losses totaling ₹1,064.2 crore, largely due to write-offs following a fire incident at a subsidiary’s Nashik facility. In Q1FY27, no such exceptional items were recorded, allowing the underlying operating profit of ₹86.9 crore to flow directly to the bottom line. Additionally, tax credits played a supportive role; the consolidated tax expense was effectively negative at -₹0.6 crore, aided by deferred tax benefits of ₹22.4 crore, compared to a tax charge of ₹23.0 crore in the prior year.

Conversely, the standalone results highlight ongoing balance sheet stress related to subsidiaries. The standalone entity booked an exceptional loss of ₹223.5 crore for provisioning loans considered doubtful due to a subsidiary’s financial stress stemming from the fire incident. This single item wiped out the standalone operating profit of ₹148.7 crore, resulting in the final net loss. The auditors noted that interest income of ₹64.4 crore on loans to this subsidiary was not recognized due to uncertainty in realization.

Governance Updates

Alongside the financial results, the board approved several administrative changes:

• Internal Auditor Appointment: Mr. Sanchit Jain was appointed as Internal Auditor for FY27, bringing over 15 years of experience in internal audit and financial reporting.
• Independent Director Re-appointment: Mr. Sanjeev Aggarwal was re-appointed as an Independent Director for a second term of four years, effective October 1, 2026, subject to shareholder approval.

The statutory auditors, Singhi & Co., issued a limited review report with a modified opinion regarding the consolidated results. They highlighted that physical verification of inventory worth ₹271.4 crore at the affected subsidiary could not be completed entirely due to storage constraints post-fire, with quantities estimated by a third party.