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.

Jindal Poly Films Limited, a prominent player in the packaging films industry, has received shareholder approval for significant changes to its financial limits and governance structure at its 51st Annual General Meeting (AGM) held on September 30, 2025.

Increased Investment Limits

Shareholders gave their nod to raise the company's limits for loans, investments, guarantees, and securities by INR 3,000.00 crores. This increase brings the total limit from INR 12,000.00 crores to INR 15,000.00 crores, potentially allowing Jindal Poly Films greater financial flexibility in its operations and strategic initiatives.

Amendment to Articles of Association

In a move that strengthens the position of the company's promoters, shareholders also approved an amendment to the Articles of Association. This amendment introduces a new requirement for prior written consent from Promoter Group Entities on specific company matters. This provision will be applicable when the Promoter Group collectively holds 50% or more of the total paid-up equity share capital or voting rights of the company.

The newly inserted article states:

"Notwithstanding anything contained in the Articles of Association of the Company and subject to the provisions of the Companies Act, 2013 and rules made thereunder and all other applicable provisions, if any, from time to time so long as 50% or more in the aggregate of the total paid-up equity share capital/voting rights of the Company is held by all or any of the Promoters Group Entities, the Company agrees that it shall not deal with specific matters without the prior written assent of the Promoters Group Entities."

AGM Details and Voting Results

The 51st AGM was conducted at Hotel Natraj, Civil Lines, Bulandshahr, Uttar Pradesh. While the meeting took place on September 30, 2025, the voting results for these crucial resolutions were announced on October 3, 2025, as disclosed in the company's filing to the stock exchanges.

Implications for Jindal Poly Films

These approvals mark significant developments for Jindal Poly Films:

1. The increased investment limits could potentially enable the company to pursue larger projects, acquisitions, or expansion plans.
2. The amendment requiring promoter consent for specific matters when they hold a majority stake ensures that the promoter group maintains substantial influence over key decisions.

Investors and stakeholders will likely be watching closely to see how these changes impact the company's strategic direction and governance in the coming months.

Jindal Poly Films Limited, with its registered office at 19th K.M. Hapur Bulandshahr Road, P.O. Gulaothi, Distt Bulandshahr (U.P.), continues to be a significant entity in the packaging industry. As these changes take effect, the market will be keen to observe their influence on the company's future growth trajectory and decision-making processes.