Jindal Poly Films Limited announced its unaudited financial results for the second quarter and first half of fiscal year 2026, following the board meeting held on December 31, 2025. The company reported challenging performance with significant losses in continuing operations while progressing with its strategic demerger plans.

Board Meeting and Regulatory Compliance

The board meeting was conducted in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulation 33 for quarterly results disclosure. The meeting details are summarized below:

Financial Performance Overview

The company's consolidated results for Q2FY26 show a mixed performance across continuing and discontinued operations:

Segment-wise Performance

The packaging films segment, which forms the core business, experienced significant challenges during the quarter. Revenue from packaging films declined to ₹34,520.71 crores compared to ₹84,346.31 crores in the previous quarter, representing a substantial 59.08% sequential decline.

Strategic Demerger Initiative

A significant development during the period was the board's earlier approval on August 14, 2025, of the Scheme of Demerger for the non-woven business. The demerger involves transferring the non-woven business undertaking to Global Nonwovens Limited as a going concern, with an appointed date of April 1, 2025. This scheme is currently pending approval from the National Company Law Tribunal (NCLT) and other regulatory authorities.

Auditor's Review and Compliance

Singhi & Co., Chartered Accountants, conducted the statutory review of both standalone and consolidated financial results. The auditors issued limited review reports highlighting certain matters, including a fire incident at a subsidiary's plant in Nashik, Maharashtra, which resulted in substantial damage to property, plant, equipment, and inventories. The assessment of losses from this incident is ongoing.

Financial Position and Outlook

The company's total assets stood at ₹10,49,234.96 crores as of September 30, 2025, compared to ₹10,95,129.74 crores as of March 31, 2025. The equity share capital remained stable at ₹4,378.64 crores, while the company continues to maintain substantial financial assets from accumulated cash flows and previous business divestments.

Jindal Poly Films Limited , a prominent player in the Indian manufacturing sector, has announced a significant change in its leadership team. The company's Board of Directors has accepted the resignation of Ashok Yadav from his position as Company Secretary and Compliance Officer, effective November 9, 2025.

Resignation Details

Yadav, who holds the ACS certification number 14223, cited personal reasons for his decision to step down. He submitted his resignation letter to the Board of Directors, requesting to be relieved from his duties at the close of business hours on November 9, 2025.

Regulatory Compliance

In adherence to the Securities and Exchange Board of India (SEBI) regulations, Jindal Poly Films has duly notified both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) about this leadership change. The company's disclosure aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Response

Prakash Matai, a director of Jindal Poly Films Limited, signed the official intimation to the stock exchanges. The company has provided the following details as required by SEBI regulations:

The company has not yet announced a successor for the position of Company Secretary and Compliance Officer.

This development marks a significant change in Jindal Poly Films' corporate structure. As the company navigates this transition, stakeholders will be keen to observe how it manages the crucial roles of Company Secretary and Compliance Officer going forward.