The Exchange had sought clarification from Jindal Poly Films Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Limited Review Report/ Independent Auditor's Report is not in the format prescribed by SEBI. The response of the Company is enclosed.
JINDALPOLY · price
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NSE sought clarification under Regulation 33 of SEBI LODR Regulations because the Limited Review Report header incorrectly read 'Independent Auditor's Report' instead of 'Review Report.' The auditor (Singhi & Co.) clarified this was an inadvertent omission — the report was always a Limited Review under SRE 2410 — and submitted a revised report with the corrected header. Standalone Q3 profit was Rs. 7,339.55 Lakhs; consolidated Q3 showed a net loss of Rs. 10,009.23 Lakhs (including discontinued Nonwoven operations). Multiple subsidiary results remain unreviewed by their auditors, and a fire at a Nashik subsidiary plant in May 2025 destroyed property and inventory with losses still unassessed.
This was a procedural/formatting clarification — not a penalty or adverse finding. However, the consolidated results flag unreviewed subsidiaries, an unresolved fire loss, and ongoing NCLT approval for the Nonwoven demerger, which introduce execution risk and financial uncertainty.