Jaiprakash Associates Limited has submitted its quarterly disclosure for Q4FY26, reporting total financial indebtedness of INR 55,357.39 crores as of March 31, 2026. The disclosure was filed with stock exchanges on April 7, 2026, in compliance with SEBI regulations while the company operates under an approved resolution plan by Adani Enterprises Limited.

Quarterly Disclosure Filing

The company filed its mandatory quarterly disclosure regarding defaults on payment of interest and principal amounts with BSE Limited and National Stock Exchange of India Limited. The filing was signed by Som Nath Grover, Vice President & Company Secretary, and submitted under reference JAL:SEC:2026.

Financial Position Disclosure

The quarterly disclosure revealed comprehensive details about the company's financial obligations under the SEBI circular requirements. The total financial indebtedness remains substantial as the company continues under the corporate insolvency resolution process.

Resolution Plan Implementation

Jaiprakash Associates continues to operate under the corporate insolvency resolution process initiated in June 2024. The National Company Law Tribunal approved Adani Enterprises Limited's resolution plan in March 2026, with Bhuvan Madan serving as Chairman of the Monitoring Committee overseeing the implementation.

Regulatory Compliance Framework

The disclosure was submitted in accordance with SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated November 21, 2019, which mandates listed entities to disclose defaults on loans from banks and financial institutions. The filing demonstrates ongoing compliance with regulatory requirements during the resolution process implementation phase.

Jaiprakash Associates Limited has reached a major arbitration settlement with UltraTech Cement Limited, resolving a long-pending dispute through a consented arbitral award worth INR 1,000 crore. The settlement was formalized through an arbitral tribunal award dated March 25, 2026, marking a significant development for both companies.

Settlement Terms and Financial Impact

The consented arbitral award establishes clear terms for resolving the dispute between the two companies. The key financial and operational aspects of the settlement are structured as follows:

Asset and Operational Rights

Under the settlement terms, UltraTech Cement Limited will gain comprehensive operational rights to significant industrial assets. Upon receipt of the settlement payment, all claims and liabilities related to Series A Redeemable Preference Shares worth INR 1,000 crore issued by UltraTech in favor of Jaiprakash Associates will be completely extinguished.

The agreement grants UltraTech continued rights to:

• Hold, use, and operate the JP Super Plant
• Mining operations under blocks 1, 2, 3, and 4 at Kajrahat
• Related infrastructure facilities in Uttar Pradesh
• All operations free from future claims by Jaiprakash Associates

Regulatory Compliance and Documentation

Jaiprakash Associates filed the settlement disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's Vice President and Company Secretary, Som Nath Grover, signed the regulatory filing, ensuring compliance with stock exchange notification requirements.

The settlement represents a definitive resolution to the arbitration proceedings, providing clarity on asset ownership and operational rights while delivering significant financial compensation to Jaiprakash Associates. This consented award eliminates ongoing legal uncertainties and establishes clear operational boundaries for both companies moving forward.