Jindal Worldwide Limited has issued a corporate guarantee of ₹6.89 crores to facilitate credit facilities for its wholly-owned subsidiary's machinery purchase requirements. The company disclosed this development to the stock exchanges on December 11, 2025, in compliance with SEBI listing regulations.

Board Approval and Execution Details

The Board of Directors of Jindal Worldwide Limited approved the granting of this corporate guarantee at their meeting held on November 13, 2025. The guarantee was subsequently executed on December 11, 2025, at 3:00 PM.

Transaction Structure and Related Party Details

The corporate guarantee has been issued in favor of Small Industries Development Bank of India (SIDBI) for extending credit facilities to Planet Spinning Mills Private Limited. Planet Spinning Mills Private Limited is a wholly-owned subsidiary of Jindal Worldwide Limited, making this transaction between related parties.

The company has confirmed that SIDBI is neither a related party nor part of the promoter group, and the transaction has been conducted at arm's length.

Financial Impact and Accounting Treatment

The corporate guarantee will be treated as a contingent liability in the books of accounts of Jindal Worldwide Limited. This accounting treatment is in line with standard practices for corporate guarantees issued by parent companies for their subsidiaries' credit facilities.

The guarantee enables Planet Spinning Mills Private Limited to access credit facilities from SIDBI specifically for machinery purchase, which indicates the subsidiary's expansion or modernization plans in its operational capabilities.

Regulatory Compliance

Jindal Worldwide Limited has made this disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also follows the requirements specified in SEBI circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full regulatory compliance in the announcement of this corporate guarantee arrangement.

Jindal Worldwide Limited , a prominent player in the textile industry, has announced its unaudited financial results for the quarter ended September 30, 2025, revealing a slight dip in revenue amidst significant corporate restructuring activities.

Financial Performance

The company reported standalone revenue from operations of INR 54,810.89 lakhs for Q2 FY2026, compared to INR 56,758.92 lakhs in the corresponding quarter of the previous year, marking a decrease of approximately 3.4%.

Corporate Restructuring

Jindal Worldwide underwent notable corporate restructuring during the period:

1. In August 2025, the company disposed of a 51% stake in Goodcore Spintex Private Limited, transforming it from a subsidiary to an associate.
2. In May 2025, Jindal Worldwide sold its stake in Kashyap Tele-Medicines Limited.

These strategic moves may be part of the company's efforts to streamline its operations and focus on core business areas.

Consolidated Performance

The consolidated financial results provide a broader picture of the company's performance:

The consolidated results show a similar trend to the standalone figures, with a slight decrease in revenue but maintained profitability.

Segment Performance

Jindal Worldwide operates primarily in the Textiles segment, which continues to be the major revenue generator. The company has also ventured into the Electric Vehicles segment, although it currently shows minimal revenue contribution.

Balance Sheet Highlights

As of September 30, 2025, the company's consolidated balance sheet shows:

• Total Assets: INR 217,483.22 lakhs
• Total Equity: INR 83,811.37 lakhs
• Current Assets: INR 162,937.22 lakhs
• Current Liabilities: INR 115,906.99 lakhs

Conclusion

Jindal Worldwide Limited's Q2 FY2026 results reflect a period of transition, with ongoing corporate restructuring potentially impacting short-term revenue. The company maintains a strong balance sheet position and continues to focus predominantly on its core textiles business while exploring opportunities in the electric vehicle sector.