JNK India Limited has informed the Exchange regarding Notice of Postal Ballot
JNKINDIA · price
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JNK India Limited has issued a postal ballot notice seeking shareholder approval for two material related party transactions (RPTs) for FY 2025-26. The first resolution seeks approval for transactions with its subsidiary JNK Chemdist Technologies Private Limited (JCTPL), a green hydrogen technology company, up to an aggregate value of Rs. 70 crore, which includes inter-corporate loans of up to Rs. 30 crore. The second resolution seeks approval for transactions between JCTPL and Chemdist Process Solutions Private Limited (CPSPL), a related party of JCTPL, up to Rs. 122.30 crore. JCTPL was incorporated on August 20, 2025, and JNK India holds 51% in it. The proposed transactions represent 14.69% of JNK India's FY 2024-25 consolidated turnover of Rs. 476.64 crore. E-voting will run from January 9, 2026 to February 7, 2026, with results expected by February 10, 2026.
These are routine regulatory approvals for related party transactions with the company's newly set up green hydrogen subsidiary, to be conducted at arm's length. Shareholders should review the rationale and scale of fund flows to the subsidiary, as approving the resolutions enables the company to support its green hydrogen business. Outcome of the e-vote will be known by February 10, 2026.