Jindal Poly Investment and Finance Company Limited has notified the stock exchanges of the resignation of Ms. Kirty Agarwal (DIN: 08646168) from the position of Non-Executive Non-Independent Director of the Company, with effect from May 8, 2026. The intimation was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the Listing Regulations. The Company received the resignation letter from Ms. Agarwal on the same date, and the disclosure was filed by Company Secretary Bhuwan Singh Taragi (Membership No. A62693).

Resignation Details

The key details of the directorial change, as disclosed under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are summarised below:

Resignation Letter Highlights

In her resignation letter addressed to the Board of Directors, Ms. Agarwal stated that she was unable to continue discharging her responsibilities on the Board due to personal commitments. She also tendered her resignation from the NRC Committee and any other committees of the Company, effective the same date. Ms. Agarwal requested the Board to complete all necessary formalities, including filings and intimations with the Registrar of Companies and other statutory authorities as applicable. She further requested acknowledgement from the Company upon completion of the requisite statutory filings.

Ms. Agarwal confirmed that, effective May 8, 2026, she stands relieved and discharged from all duties, responsibilities, liabilities, obligations, and compliances associated with the office of Director of the Company and any other committee. She expressed gratitude for the opportunity to be associated with Jindal Poly Investment and Finance Company Limited and for the support extended during her tenure.

Regulatory Compliance

The intimation was submitted to both BSE Limited and the National Stock Exchange of India Ltd. in accordance with the applicable provisions of the SEBI Listing Regulations. The filing was signed and submitted by Bhuwan Singh Taragi, Company Secretary (Membership No. A62693), on May 8, 2026.

Jindal Poly Investment and Finance Company Limited has received a show cause notice from the Securities and Exchange Board of India (SEBI) dated April 27, 2026. The company disclosed this development through a regulatory filing on April 28, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Show Cause Notice

The show cause notice was issued by SEBI under reference number SEBI/HO/OWTM/OWTM-SP/I/10156/2026 and was received through email on April 27, 2026. The notice has been issued under Sections 11(1), 11(4), 11(4A), 11B(1) and 11B(2) read with Sections 15HA and 15HB of the SEBI Act, 1992.

Nature of Observations

According to the company's disclosure, SEBI has made observations on certain transactions and issues pertaining to disclosures and governance. The regulator has provided the company with an opportunity to file a reply to the aforementioned notice. The show cause notice calls upon the company to explain why suitable directions and penalty proceedings should not be initiated.

Financial Implications and Claims

The company has stated that at this stage, the financial implications, if any, cannot be ascertained as the communication is in the nature of a show cause notice. Similarly, the quantum of claims cannot be determined at present. No penalty, restriction, or sanction has been imposed at this stage.

Company's Response and Action Plan

Jindal Poly Investment and Finance Company Limited has assured that it will extend full support and cooperation to SEBI with respect to any inquiries. The company emphasized that all business decisions were taken under commercial wisdom with necessary approvals as required under applicable laws.

Key aspects of the company's response include:

• Full cooperation with SEBI inquiries
• Commitment to complying with legal and regulatory frameworks
• Adherence to highest standards of corporate governance
• Process of taking appropriate course of action including filing reply

The company remains committed to maintaining transparency and regulatory compliance while addressing the matters raised in the show cause notice. The disclosure was signed by Bhuvan Singh Taragi, Company Secretary and Compliance Officer, from the company's corporate office in New Delhi.