The Notice and Annual Report for the 43rd AGM of the Company to be held on September 30, 2025 is attached herewith.
Awaiting price reaction for this filing.
JBF Industries has notified its 43rd AGM to be held on September 30, 2025, at 11:30 AM via video conferencing. The company remains under Corporate Insolvency Resolution Process (CIRP) since January 25, 2024, with Mr. Mukesh Verma acting as Resolution Professional and board powers suspended. Revenue from operations for FY25 was zero (down from Rs 1.94 crore last year), as manufacturing has been discontinued following the sale of secured assets to Madelin Enterprises Pvt Ltd by lender CFM Asset Reconstruction. The company reported a net loss of Rs 5.27 crore, narrower than Rs 10.64 crore in FY24, and net worth is fully eroded. No dividend is recommended on equity shares; preference share dividend will be carried forward. The AGM agenda is limited to adopting FY25 financial statements and approving the preference share dividend carry-forward.
Shareholders should note this is largely a procedural AGM for a company in deep financial distress with halted operations and negative net worth, so there is no operational business to vote on beyond standard financial adoption. The stock remains under CIRP, meaning equity holders face significant uncertainty around resolution and recovery.