Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Listing Regulations"), the proceedings of 43rd AGM of JBF Industries Limited ....
Awaiting price reaction for this filing.
JBF Industries Limited held its 43rd AGM on September 30, 2025 via video conferencing, chaired by Resolution Professional Mukesh Verma since the company is under Corporate Insolvency Resolution Process (CIRP). Two ordinary resolutions were passed with overwhelming majority: (1) adoption of audited financial statements for FY ending March 31, 2025, approved by 99.91% of votes, and (2) carrying forward the dividend on preference shares to next year, approved by 99.92% of votes. Key update: out of 25 Prospective Resolution Applicants in the final list, 9 submitted resolution plans, and after a Swiss challenge round, one compliant plan has been placed before the Committee of Creditors (CoC) for consideration. The company also changed its registered office in Silvassa to Shop No.4, Ground Floor, Building No.A, Shubh Laxmi Complex, Amli.
Shareholders should note that the CIRP process is nearing conclusion as a single compliant resolution plan is now before the CoC and will then go to NCLT for approval—this is a critical milestone that could determine future equity value. The preference share dividend carry-forward signals continued cash constraints typical of an insolvency-bound company. Near-term stock price action will likely depend on NCLT's decision on the resolution plan.