Jindal Poly Films Limited has informed the Exchange regarding Order passed by the Hon ble National Company Law Tribunal.
JINDALPOLY · price
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Jindal Poly Films Limited disclosed that the Hon'ble NCLT, Principal Bench, New Delhi, during a hearing on May 7, 2026, allowed the substitution of a new lead applicant (M/s Monet Securities Pvt Ltd) in Company Petition No. 58/245/PB/2024. The original lead applicant and two co-applicants had exited the case. The substitution was granted after the minority shareholders' petition had been ongoing. The company stated that this procedural change does not impact the merits of the case. The company has not yet received a copy of the formal NCLT order and is examining the directions before deciding on next steps.
This is a routine procedural update regarding a change in the lead applicant for a minority shareholder petition. It does not represent any adverse finding, penalty, or sanction against the company, and the company explicitly stated it has no bearing on the merits of the case.