Jindal Poly Films Limited has issued a regulatory clarification following the dismissal of its appeal by the National Company Law Appellate Tribunal (NCLAT) on February 26, 2026. The company responded to BSE's rumour verification letter regarding news coverage of the tribunal's decision.

NCLAT Appeal Dismissal Details

The NCLAT dismissed Company Appeal (AT) No. 47 of 2026 in the matter of Jindal Poly Films Limited and Mr. Ankit Jain & Others on February 26, 2026. The company confirmed that it will separately disclose necessary information to stock exchanges as mandated under applicable legal provisions.

Company's Position on Negotiations

In response to BSE's specific queries, Jindal Poly Films clarified that it has not entered into any negotiations with the counterparty as of the clarification date. The company stated it is not aware of any information that could explain recent movements in trading price or volume of its securities.

Background of Legal Proceedings

The dismissed appeal was originally filed against an order dated February 05, 2026, passed by the National Company Law Tribunal (NCLT), Principal Bench, New Delhi. The company had previously disclosed the filing of this appeal and its admission by NCLT to stock exchanges on February 06, 2026, in compliance with SEBI Listing Regulations.

Regulatory Compliance Commitment

Jindal Poly Films reaffirmed its commitment to regulatory compliance, stating it will:

• Promptly notify stock exchanges of any developments related to the matter
• Disclose outcomes of proceedings within prescribed timelines
• Comply with all provisions under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Corporate Communication

The clarification was signed by Rashmi Gupta, Company Secretary (FCS 8616), and digitally authenticated on February 26, 2026. The company emphasized that it will continue to monitor developments and provide necessary disclosures as required under listing regulations.

Jindal Poly Films Limited has issued a formal response to BSE Limited regarding a surveillance query about significant volume movements in the company's shares. The communication, dated February 24, 2026, addresses concerns raised by the exchange about increased trading activity in the company's securities across various platforms.

Company's Official Response

In its response to BSE surveillance reference number L/SURV/ONL/PV/SG/2025-2026/932, Jindal Poly Films clarified that the recent movement in volume and price of its shares is market-driven. The company emphasized that it has consistently disclosed all events required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance Commitment

The company reaffirmed its commitment to regulatory compliance by stating that it will continue to notify exchanges upon occurrence of any price-sensitive information or events that require disclosure under Regulation 30 of the SEBI LODR Regulations, 2015. This response demonstrates the company's adherence to transparency requirements and its proactive approach to regulatory communication.

Corporate Information

The response was digitally signed by Prakash Matai, Director of Jindal Poly Films Limited, with DIN 07906108. The company operates from its corporate office located at Plot No-87, Sector-32, Institutional Area, Gurugram, Haryana. The registered office is situated at 19th K.M. Hapur Bulandshahr Road, P.O. Gulaothi, District Bulandshahr, Uttar Pradesh.

The formal communication concludes with a request to BSE to take the clarification on record and publish it on the exchange website for information of all stakeholders, ensuring transparency in the disclosure process.