Jaiprakash Associates Limited (JAL), currently under Corporate Insolvency Resolution Process (CIRP), has announced its plans to release its financial results for the second quarter of the fiscal year 2025-26. The company, which is operating under the supervision of a Resolution Professional as per the Insolvency and Bankruptcy Code, will be disclosing its un-audited standalone and consolidated financial statements on November 14, 2025.

Key Details of the Announcement

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and the company's internal Code of Conduct, JAL has implemented a trading window closure. This precautionary measure aims to prevent insider trading and ensure fair market practices.

During this period, which extends from October 1, 2025, to November 16, 2025:

• Employees
• Directors
• Key Managerial Personnel
• Designated Persons
• Their immediate relatives

are prohibited from trading in the company's shares or securities.

Corporate Insolvency Resolution Process

It's important to note that Jaiprakash Associates Limited is currently undergoing a Corporate Insolvency Resolution Process. Under this process, a Resolution Professional is performing the functions as stipulated by the Insolvency and Bankruptcy Code. This situation adds a layer of complexity to the company's operations and financial reporting.

Investors and stakeholders are advised to consider this context when reviewing the upcoming financial results. The performance and future outlook of the company may be significantly influenced by the ongoing insolvency proceedings.

As the company prepares to release its Q2 FY26 results, market participants will be keenly watching for any signs of financial recovery or restructuring progress. The forthcoming financial statements may provide crucial insights into the company's current financial health and its ability to navigate through the insolvency process.

Adani Enterprises has emerged as the frontrunner in the race to acquire Jaiprakash Associates (JAL) through insolvency proceedings, according to recent developments. The company's resolution plan has reportedly received the highest score from the committee of creditors, positioning it ahead of competitors Dalmia Cement and Vedanta.

Bid Details

Adani's bid has reportedly gained an edge due to its proposed shorter payment timeline to lenders, offering to settle within two years compared to Vedanta's five-year payment schedule.

Jaiprakash Associates' Insolvency

Jaiprakash Associates entered insolvency proceedings following loan defaults. The company reportedly faces claims of approximately Rs 60,000.00 crore from financial creditors. JAL's diverse portfolio includes operations in:

• Real estate
• Cement
• Power
• Hotels
• Road sectors

Notable projects under Jaiprakash Associates include Jaypee Greens in Greater Noida and cement plants in Madhya Pradesh and Uttar Pradesh.

Next Steps

The resolution plan is expected to be put to vote by creditors within the next two weeks. This development marks a significant step in the ongoing insolvency proceedings of Jaiprakash Associates and could potentially reshape the landscape of multiple sectors in which the company operates.

As the situation unfolds, stakeholders will be closely watching the outcome of the creditors' vote and the potential impact on the involved companies and industries.