We wish to inform you that the 43rd Annual General Meeting (AGM) of JBF Industries Limited will be held on Tuesday 30th September, 2025 at 11.30 a.m (I.S.T) through Video Conferencing ('VC') ....
Awaiting price reaction for this filing.
JBF Industries Limited will hold its 43rd Annual General Meeting on Tuesday, September 30, 2025, at 11:30 AM via video conferencing. The company continues to be under Corporate Insolvency Resolution Process (CIRP) since January 25, 2024, with Mr. Mukesh Verma serving as the Resolution Professional. For FY 2024-25, revenue from operations was NIL (down from ₹1.94 crore in the previous year), and the company reported a net loss of ₹5.27 crore. Manufacturing operations have been discontinued and secured assets were sold to Madelin Enterprises Pvt. Ltd. under the SARFAESI Act. The Board of Directors' powers remain suspended under CIRP, and no equity dividend has been declared.
For shareholders, this filing confirms the company remains in deep financial distress with nil revenue, a negative net worth, and no manufacturing operations. The AGM is largely a procedural compliance event under insolvency resolution; equity holders should expect no near-term returns given the cumulative losses and unresolved corporate guarantee disputes with IDBI Bank over step-down subsidiary JBF Petrochemicals.