Monet Securities Private Limited has acquired a significant stake in Jindal Poly Films Limited through open market transactions, as disclosed in a regulatory filing dated March 23, 2026. The acquisition involves 21,89,479 equity shares, representing 5.00% of the company's total share capital.

Acquisition Details

The transaction was completed on March 20, 2026, through open market purchases. Following this acquisition, Monet Securities' total holding in Jindal Poly Films, along with persons acting in concert (PAC), has increased substantially.

Regulatory Compliance

The disclosure was made under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Monet Securities confirmed that it does not belong to the promoter or promoter group of Jindal Poly Films Limited.

Company Structure

The persons acting in concert with Monet Securities include M Prasad & Co. Ltd. and Mace Venture. The target company, Jindal Poly Films Limited, maintains its equity share capital structure unchanged at Rs. 43,78,64,130, divided into 4,37,86,413 equity shares of Rs. 10 each.

Stock Exchange Listing

Jindal Poly Films Limited is listed on both major Indian stock exchanges:

• BSE Limited: Scrip Code 500227
• National Stock Exchange of India Limited: Scrip Code JINDALPOLY

The disclosure has been submitted to both exchanges as per regulatory requirements. The acquisition represents a strategic investment by Monet Securities, increasing its influence in the company through a substantial shareholding position.

Jindal Poly Films Limited has issued another formal response to BSE Limited regarding surveillance queries about significant movements in the company's share price and volume. The latest communication, dated February 27, 2026, addresses a new query from the exchange about increased trading activity in the company's securities.

Latest BSE Surveillance Response

In its most recent response to BSE surveillance reference number L/SURV/ONL/PV/SJJ/2025-2026/3401 dated February 26, 2026, Jindal Poly Films reiterated that the movement in volume and price of its shares is market-driven. The company emphasized its consistent compliance with disclosure requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance Reaffirmation

The company has consistently maintained its position across both responses, stating that it has disclosed every event required under Regulation 30 of SEBI LODR Regulations, 2015. Jindal Poly Films reaffirmed its commitment to notify exchanges upon occurrence of any price-sensitive information or events that require disclosure under the regulatory framework.

Corporate Communication Details

The latest response was digitally signed by Rashmi Gupta, Company Secretary with FCS 8616, while the previous communication was signed by Prakash Matai, Director with DIN 07906108. Both responses originated from the company's corporate office at Plot No-87, Sector-32, Institutional Area, Gurugram, Haryana, demonstrating consistent corporate governance practices.

Exchange Transparency Commitment

In both communications, Jindal Poly Films requested BSE to take the clarifications on record and publish them on the exchange website for information of all stakeholders. This approach ensures transparency in the disclosure process and maintains investor confidence through proactive regulatory communication.