Apex Court Asked to Overturn Jindal Poly Films Class Action Order Amid Minority Shareholder Push to Join Case 6 days ago
The Supreme Court of India has been petitioned to overturn a class action order related to Jindal Poly Films. Minority shareholders, following a referral to arbitration, are seeking to join the ongoing legal case. The matter highlights key questions around minority investor rights and class action procedures in Indian corporate law. The Supreme Court's decision on this matter is expected to carry significance for similar disputes.
Jindal Poly Films Faces Closure Notice After Major Fire at Nashik Plant
Jindal Poly Films Ltd.'s Nashik plant has been issued a closure notice by the Industrial Safety Department following a major fire on May 21, the second such incident in 2.5 years. The notice cites inadequate fire extinguishing systems and chemical leakage risks. Production has been temporarily halted as the company assesses damages and addresses safety concerns. This incident raises questions about the effectiveness of previous corrective measures and the overall safety culture at the facility.
13May 25
Jindal Poly Films to Invest Over ₹700 Crore in New Production Lines
Jindal Poly Films is investing over ₹700 crore to expand its production capacity in Nashik, Maharashtra. The expansion includes new production lines for BOPP Films (42,000 TPA), PET Films (55,000 TPA), and CPP Films (18,000 TPA). This strategic move aims to strengthen the company's position in the flexible packaging sector, catering to industries like food and beverage, personal care, and pharmaceuticals.