Pursuant to Regulation 44(3) of the SEBI (LODR) Regulations, 2015 and Section 108 of the Companies Act, 2013 read with Rules made thereunder, the Voting Results and Scrutinizers Report ....
Awaiting price reaction for this filing.
JBF Industries held its 43rd AGM on September 30, 2025 via video conferencing, chaired by Resolution Professional Mukesh Verma as the company is under the Corporate Insolvency Resolution Process (CIRP). Two resolutions were passed with overwhelming shareholder approval: adoption of the audited financial statements for FY ending March 31, 2025 (99.91% in favour) and carrying forward the dividend on preference shares to the next year (99.92% in favour). The Chairman shared a major update on the insolvency process, stating that nine out of 25 prospective resolution applicants submitted plans, and after negotiations and a Swiss challenge round, one compliant resolution plan is now before the Committee of Creditors for consideration, with the decision to be filed with the NCLT for approval. None of the registered speaker shareholders joined the meeting, and the AGM concluded at 11:57 a.m. after about 27 minutes.
The CIRP resolution process is nearing completion with a compliant resolution plan now under CoC evaluation and likely headed to NCLT approval, which is a significant milestone for shareholders awaiting a resolution. Passing of routine AGM resolutions with near-unanimous support shows no shareholder dissent on governance matters during the insolvency phase.