Jindal Poly Films Limited has informed the Exchange regarding Board meeting held on December 31, 2025.
JINDALPOLY · price
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Jindal Poly Films' board, meeting on December 31, 2025, approved unaudited Q2 and H1 FY26 results along with auditor's limited review reports. Consolidated total income from continuing operations stood at about Rs. 2,63,000 lakhs for H1 FY26, but Q2 FY26 saw a sharp dip with a pre-exceptional loss of Rs. 1,460 lakhs versus a profit of Rs. 16,753 lakhs in Q2 FY25. The company booked an exceptional loss of Rs. 3,980 lakhs on a share buyback by a wholly-owned subsidiary, plus a foreign exchange loss of Rs. 2,696 lakhs for H1 on foreign currency loans. A major fire on May 21, 2025 at a subsidiary's Nashik plant damaged property, plant and inventories, and loss assessment is still pending. The Non-Woven business has been classified as a discontinued operation (demerger into Global Nonwovens Limited pending NCLT approval), and prior period figures have been restated under Ind AS 105. The statutory auditor was unable to express a conclusion on the consolidated results because the Nashik fire impact could not be determined.
The unresolved fire losses at the subsidiary and the auditor's inability to conclude on consolidated numbers create near-term uncertainty for shareholders. However, the core continuing operations remain profitable and the demerger of the Non-Woven business simplifies the structure going forward; investors should track upcoming updates on the Nashik fire loss assessment.