Pursuant to Regulation 30 of the SEBI Listing Regulations read with Para A of Part A Schedule III, please find enclosed herewith the summary of the proceedings of the 43rd Annual General Meeting ( AGM ) of the Company held today i.e. Tuesday, September 30, 2025 at 11:30 a.m. (I.S.T.) through Video Conferencing ( VC ) / Other Audio-Visual Means ( OAVM ) as Annexure-A.Further, pursuant to Regulation 44(3) of the Listing Regulations and Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, we are also submitting herewith the details regarding the voting results of the business transacted at the AGM in the prescribed format along with the Consolidated report of the Scrutinizer on the remote e-voting and e-voting conducted at the AGM as Annexure-B and Annexure-C respectively. Based on the Scrutinizers Report, all the resolutions as set out in the Notice convening the 43rd AGM have been passed by the members with requisite majority.The above information shall also be uploaded on the website of the Company i.e. https://jbfindustries.co.in/ and on the website of National Securities Depository Limited ( NSDL ) i.e. www.evoting.nsdl.com. Please take the same on your records and suitably disseminate to all concerned.
Awaiting price reaction for this filing.
JBF Industries Limited held its 43rd Annual General Meeting on September 30, 2025, chaired by the Resolution Professional Mr. Mukesh Verma since the company is under the Corporate Insolvency Resolution Process (CIRP). Two ordinary resolutions were passed with overwhelming majority: (1) adoption of audited financial statements for FY2024-25, approved by 99.91% of votes (18,870,731 for vs 16,511 against), and (2) carrying forward the preference share dividend to the next year, approved by 99.92% (35,236,270 for vs 26,762 against). Importantly, the Chairman shared an update on the insolvency process, stating that out of 25 prospective resolution applicants in the final list, 9 submitted resolution plans. After negotiations and a Swiss challenge round, one compliant resolution plan has been placed before the Committee of Creditors (CoC) for consideration, and the CoC's decision will be filed with the NCLT for approval. The CIRP is likely to conclude shortly.
This is a material positive development for shareholders — the company is nearing the end of its long-running insolvency process with a compliant resolution plan now before the CoC. If approved by the NCLT, this could mark a turning point for the stock, potentially leading to revival and recovery. However, outcome remains uncertain until NCLT approval.