Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( the Listing Regulations ) read with of Para A - Part A of Schedule III of the Listing Regulations, it is hereby informed that the Committee of Creditors ( CoC ) has approved 1 (one) Resolution Plan in the matter of CIRP of JBF Industries Limited ( the Company ), subject to the approval of Hon ble National Company Law Tribunal.
Awaiting price reaction for this filing.
JBF Industries Limited, which is undergoing Corporate Insolvency Resolution Process (CIRP), has received approval of one Resolution Plan from its Committee of Creditors (CoC). This approval is a key milestone in the insolvency process as it means lenders have selected a preferred bidder or restructuring proposal for the company. However, the plan still needs final clearance from the National Company Law Tribunal (NCLT) before it can be implemented. The filing was made under SEBI's Listing Regulations to keep investors informed of this material development.
This is a positive step toward exiting insolvency, but the stock remains risky and highly speculative until NCLT grants final approval. Existing shareholders typically face significant dilution or value erosion once a resolution plan is implemented.