Jindal Worldwide Limited has informed the Exchange about General Updates

Core Business DivestedStrategic Transactions View source PDF Explain this filing

JINDWORLD · price

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Price reactionminutes from the announcement price · days from the prior close

-2.9%Reaction day

₹37.35

prior close

₹37.25

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-2.6% vs market

Other Textile Products peers, median of 174sector-0.7%-2.2% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 2.2 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.8

10m

-2.2

15m

-1.3

30m

-1.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.9-0.3-2.6-0.7-2.2

Next day

-5.1-1.2-3.9-1.7-3.4

-3.7-1.0-2.7-1.8-1.9

-0.4-1.0+0.6-1.5+1.1

-2.5-0.3-2.3-1.7-0.9

-2.3-1.1-1.2-2.4+0.1

-1.6+1.6-3.2-1.6-0.0

15d

-2.0-0.2-1.7-4.5+2.5

-2.8+1.4-4.1-2.7-0.1

-6.4+0.2-6.6-4.8-1.6

-6.3+0.9-7.2-5.0-1.3

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 174Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Jindal Worldwide Limited has sold 51% of its stake in its wholly-owned subsidiary Goodcore Spintex Private Limited for Rs. 12.75 crore, reducing its holding from 100% to 49%. The buyer is Mr. Yamunadutt Amilal Agarwal, who is the Promoter of the company, making this a related party transaction conducted at arm's length. Goodcore Spintex contributed 11.02% of consolidated turnover (Rs. 252.37 crore) and 10.59% of consolidated profit (Rs. 8.03 crore) in FY25. Post-sale, Goodcore Spintex will cease to be a wholly-owned subsidiary and will become an associate company of Jindal Worldwide.

Likely market impact

Shareholders should note that a significant subsidiary generating over 10% of consolidated revenue and profits has been sold to the Promoter at arm's length, which will reduce consolidated revenue and earnings going forward but brings in Rs. 12.75 crore of cash. The related-party nature of the deal may draw scrutiny from minority investors.