Jindal Poly Films Limited has announced the successful passage of two ordinary resolutions through a postal ballot process conducted via remote e-voting, as submitted to the stock exchanges on May 11, 2026. The results were filed in compliance with Regulation 30 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pursuant to a Postal Ballot Notice dated April 10, 2026.

Postal Ballot Overview

The remote e-voting window for the postal ballot commenced at 09:00 a.m. (IST) on Saturday, April 11, 2026, and closed at 05:00 p.m. (IST) on Sunday, May 10, 2026. The record date for determining eligible shareholders was April 3, 2026. As on the cut-off date, there were 38,818 shareholders entitled to vote on the resolutions. The e-voting facility was provided by KFin Technologies Limited, and the scrutiny was conducted by DMK Associates, Company Secretaries, appointed by the Board at its meeting held on April 10, 2026.

Resolution 1: Approval of Material Related Party Transactions

The first resolution, seeking approval for material related party transactions, was classified as an ordinary resolution with the promoter and promoter group not being interested in the agenda. The resolution was passed with an overwhelming majority. A total of 5,893,824 votes were polled out of 43,786,413 shares held, representing 13.4604% of outstanding shares.

The resolution was declared passed as the votes cast in favour substantially exceeded those cast against.

Resolution 2: Approval of Put Option

The second resolution, seeking approval for a put option, was also classified as an ordinary resolution, with the promoter and promoter group not being interested in the agenda. The same total of 5,893,824 votes were polled across 43,786,413 shares, representing 13.4604% of outstanding shares. While public institutions recorded 273,435 votes against (37.5320% of institutional votes polled), the overall result was decisively in favour.

The resolution was declared passed as the votes cast in favour exceeded those cast against.

Category-Wise Voting Breakdown

The voting data across both resolutions reveals that the promoter and promoter group, holding 32,641,089 shares, did not participate in the e-voting for either resolution, recording 0.0000% votes polled on outstanding shares. Public institutional investors, holding 1,110,938 shares, polled 728,538 votes (65.5786%) for both resolutions. Public non-institutional investors, holding 10,034,386 shares, polled 5,165,286 votes (51.4759%) for both resolutions.

Scrutinizer's Report and Compliance

The scrutinizer's report was issued by Deepak Kukreja, Partner at DMK Associates, Company Secretaries (FCS No. 4140), on May 11, 2026. The report confirmed that the postal ballot process was conducted through remote e-voting only, in compliance with the applicable MCA Circulars, including Circular No. 03/2025 dated September 22, 2025, and the relevant provisions of the Companies Act, 2013. No hard copies of the postal ballot notice or forms were dispatched; all communications were made electronically to shareholders whose e-mail IDs were registered as on the cut-off date of April 3, 2026. The voting results and the scrutinizer's report are available on the company's website at www.jindalpoly.com and on the KFin Technologies Limited e-voting portal.

Jindal Poly Films Limited has disclosed, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the Hon'ble National Company Law Tribunal (NCLT), Principal Bench, New Delhi, in its hearing held on May 7, 2026, allowed the substitution of a new shareholder as lead applicant in an ongoing minority shareholder petition. The disclosure was made on May 8, 2026, and is in continuation of the company's earlier disclosure dated April 10, 2026.

Background of the Petition

The petition in question, Company Petition No. 58/245/PB/2024, was originally filed by Mr. Ankit Jain & Ors., minority shareholders of Jindal Poly Films Limited. Following the exit of the original lead applicant and two other co-applicants from the case, the NCLT permitted the substitution of a new shareholder as the lead applicant to continue the proceedings.

Key Development: Substitution of Lead Applicant

The NCLT order dated May 7, 2026, directed that M/s Monet Securities Pvt Ltd be substituted as the relevant lead applicant in place of the earlier lead applicant and other applicants. The company has noted that this procedural change does not affect the merits of the ongoing case. As of the date of disclosure, the company had not yet received a copy of the formal NCLT order.

The key details of the NCLT communication, as disclosed by the company under Annexure A, are summarised below:

Company's Response and Next Steps

Jindal Poly Films has stated that it is examining the directions issued by the NCLT and will take such steps as may be considered appropriate. The company has also confirmed that no penalty, restriction, or sanction has been imposed pursuant to this communication, and no non-compliances have been identified by the authority. The expected financial implications on the company remain undetermined as the matter is currently sub-judice.

The disclosure was signed by Rashmi Gupta, Company Secretary & Compliance Officer (FCS 8616), on May 8, 2026, from New Delhi, affirming that the information provided is true, correct, and complete to the best of her knowledge and belief.