Jindal Poly Films Limited has informed the Exchange about Demerger
JINDALPOLY · price
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The board of Jindal Poly Films Limited (JPFL) has approved a Scheme of Arrangement to demerge its Nonwoven Fabrics Business division into Global Nonwovens Limited (GNL), a resulting company, on a going-concern basis. The demerged division had a turnover of Rs. 671.23 crore in FY25, contributing about 60% of JPFL's total revenue. No cash consideration is involved; instead, GNL will issue 1 equity share for every 4 equity shares held in JPFL (a 4:1 ratio). The shareholding pattern of JPFL will remain unchanged, while GNL will mirror JPFL's shareholding structure and apply for listing on BSE and NSE once the scheme becomes effective.
Shareholders of JPFL will additionally receive shares of the newly listed Global Nonwovens Limited in a 4:1 ratio, potentially unlocking value from the nonwoven business as a separate listed entity. The demerger of a division that accounts for ~60% of revenue is a major restructuring and may lead to near-term stock volatility as the market re-rates the two businesses separately.