JBF Industries explains delayed consolidated results; under CIRP

JBF Industries, currently under Corporate Insolvency Resolution Process, clarified to NSE that consolidated financial results for quarter ended 30 June 2026 were not submitted because audited statements from subsidiaries were not received. The company called the non-submission a technical error. It also disclosed that shares of subsidiary JBF Global Pte Ltd (Singapore) were acquired by Madelin Enterprises under the SARFAESI Act, with transfer still pending. The reply was signed by Resolution Professional Mukesh Verma, not by company management.