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.

Jindal Poly Films Limited's Board of Directors approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, following a meeting that commenced on February 13, 2026 and concluded on February 14, 2026. The company submitted these results under Regulation 33 of SEBI Listing Regulations, demonstrating contrasting performance between standalone profitability and consolidated losses.

Board Meeting and Regulatory Compliance

The Board meeting commenced at 07:00 P.M. (IST) on February 13, 2026 and concluded at 04:00 A.M. (IST) on February 14, 2026. Company Secretary Rashmi Gupta submitted the approved financial results to both National Stock Exchange of India Limited and BSE Limited, along with Limited Review Reports from Statutory Auditors Singhi & Co.

Standalone Financial Performance

The company's standalone operations demonstrated remarkable improvement with significant turnaround in profitability metrics for Q3FY26.

For the nine-month period, standalone operations generated net profit of Rs. 15,293.77 lakhs compared to Rs. 37,930.94 lakhs in the corresponding previous period. The substantial income increase was primarily driven by other income of Rs. 35,498.09 lakhs, reflecting returns from financial investments.

Consolidated Results Show Contrasting Performance

The consolidated financial results presented a different scenario, with the company reporting significant losses across key operational metrics.

Fire Incident Impact and Assessment

A major fire incident at the company's manufacturing plant in Nashik, Maharashtra on May 21, 2025, significantly affected performance. The fire caused substantial damage to property, plant and equipment, buildings, and inventory including raw materials, stores and spares, and finished goods.

During Q3FY26, the company deposited Rs. 8,224 lakhs with the GST department on a provisional basis and under protest, related to destroyed assets. Management continues assessing total losses from the incident, with necessary adjustments to be recognized upon completion of assessment.

Discontinued Operations and Demerger Scheme

The Board approved a Scheme of Demerger on August 14, 2025, for transferring the nonwoven business to Global Nonwovens Limited as a going concern with appointed date of April 1, 2025. This scheme remains pending approval from NCLT and other authorities.

Labour Code Impact

With effect from November 21, 2025, the Government of India brought four Labour Codes into force. The company recognized Rs. 4.06 lakhs under exceptional items for continuing operations and Rs. 44.42 lakhs for discontinued operations as impact of New Labour Codes towards additional liability as past service cost. The consolidated results show Rs. 241.78 lakhs recognized under exceptional items for the same impact.