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Latest filing: 2026-06-15 11:41
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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
25 announcements match the current filters (relevance ≥ 5).
Jaiprakash Associates to Delist from BSE and NSE Effective June 18, 2026
Jaiprakash Associates Limited (JPASSOCIAT) has received final approval from both BSE and NSE for the delisting of its equity shares, effective June 18, 2026. This action follows the Resolution Plan approved by the NCLT Allahabad Bench on March 17, 2026, under the Insolvency and Bankruptcy Code (IBC). The company has confirmed compliance with all NCLT requirements for the withdrawal of its securities from exchange dealings. Consequently, the stock will cease to be traded on public markets from the effective date.
Key Highlights
Final delisting from BSE and NSE to take effect on June 18, 2026.
Delisting is a result of the Resolution Plan approved by NCLT Allahabad Bench on March 17, 2026.
The process is governed by Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016.
Trading in the scrip (532532 / JPASSOCIAT) will be withdrawn from exchange records starting June 18, 2026.
👀 What to Watch
Investors should be aware that the stock will lose all liquidity on public exchanges after June 17, 2026; typically, IBC resolution plans result in existing equity being written off or significantly diluted.
JPASSOCIAT Delays FY26 Results; Cites 120-Day Extension Post Adani Resolution Plan Approval
Jaiprakash Associates Limited (JAL) has informed the stock exchanges that its financial results for the year ended March 31, 2026, will be delayed. The company is utilizing Regulation 33(3)(d) of SEBI LODR, which allows companies under insolvency resolution to submit audited results within 120 days instead of the standard 60 days. This follows the NCLT's approval of Adani Enterprises Limited's resolution plan for the company on March 17, 2026. The company intends to disclose the results within the permitted extended timeline.
Key Highlights
NCLT approved the Resolution Plan submitted by Adani Enterprises Ltd. on March 17, 2026.
Company is eligible for a 120-day extension for financial reporting under SEBI Regulation 33(3)(d).
The delay follows a non-submission notice sent by the National Stock Exchange on June 1, 2026.
JAL was originally admitted to the Corporate Insolvency Resolution Process (CIRP) on June 3, 2024.
Audited financial results for FY26 are currently under preparation and will be approved in an upcoming Board Meeting.
👀 What to Watch
Investors should wait for the audited financial results to understand the impact of the Adani resolution plan on the company's balance sheet and future operations. Monitor the stock for the announcement of the Board Meeting date within the 120-day window from March 31, 2026.
Jaiprakash Associates Sells Cement Assets to Dalmia Cement for INR 2,850 Crores
Jaiprakash Associates Limited (JAL) has successfully consummated the sale of its cement undertakings in Madhya Pradesh and Uttar Pradesh to Dalmia Cement (Bharat) Limited (DCBL). The transaction, valued at INR 2,850 Crores, covers plants located in Rewa, Churk, Chunar, and Sadwa. This divestment is a strategic move to settle all ongoing legal disputes, arbitral awards, and differences between JAL and DCBL arising from their 2022 framework agreement. The deal is expected to provide much-needed liquidity and help the company reduce its significant debt burden.
Key Highlights
Sale of cement units in Rewa (MP), Churk, Chunar, and Sadwa (UP) for INR 2,850 Crores
Transaction settles all pending legal proceedings and arbitral disputes with Dalmia Cement (Bharat) Limited
Finalizes the framework agreement and business transfer agreement originally initiated in December 2022
Move aimed at bringing quietus to long-standing litigation and improving the company's financial standing
👀 What to Watch
Investors should view this as a positive step toward debt reduction and legal resolution, though they should remain cautious regarding the company's remaining liabilities and overall financial health.
Jaiprakash Associates Delisted; Existing Equity Cancelled for Zero Value
Jaiprakash Associates has implemented its NCLT-approved resolution plan submitted by Adani Enterprises. Under the plan, the entire existing equity and preference share capital of the company has been cancelled and extinguished for zero consideration. Simultaneously, the company has been delisted from the stock exchanges effective May 21, 2026. A new allotment of 50,00,000 equity shares has been made to Adani Infra India Limited, effectively handing over complete control to the Adani Group.
Key Highlights
Entire existing issued, subscribed, and paid-up share capital cancelled for zero consideration.
Company delisted from BSE and NSE effective May 21, 2026.
Allotment of 50,00,000 new equity shares to Adani Infra India Limited at INR 2 each.
Consummation of asset sales to Adani Power and Adani Ports and Special Economic Zone Limited.
Dissolution of the suspended Board of Directors and appointment of a new Board by the Adani Group.
👀 What to Watch
Existing shareholders face a total loss of capital as their shares have been extinguished for zero value. No further action is possible as the stock has been delisted from all exchanges.
JAL Monitoring Committee Approves ₹24,941 Cr NCD Allotment and Equity Issue to Adani Infra
The Monitoring Committee of Jaiprakash Associates Limited (JAL) has commenced the implementation of the NCLT-approved resolution plan submitted by Adani Enterprises. The committee approved the allotment of unlisted, unsecured Non-Convertible Debentures (NCDs) worth approximately ₹24,941.83 crore to secured financial creditors with a 30-year tenure. Furthermore, the company will issue 50 lakh equity shares to Adani Infra (India) Limited, supported by a doubling of the authorized share capital to ₹7,000 crore. These steps mark a critical phase in the debt restructuring and change of control process.
Key Highlights
Allotment of 2,49,41,82,929 unlisted NCDs with a face value of ₹100 each, totaling ₹24,941.83 crore to secured creditors.
Approval for the issuance of 50,00,000 equity shares of ₹2 each to Adani Infra (India) Limited and its nominees.
Authorized share capital increased from ₹3,500 crore to ₹7,000 crore to facilitate the resolution plan implementation.
NCDs carry a nominal simple interest rate of 0.0001% p.a. and are redeemable after 30 years.
Confirmation of deposit of payments into a Designated Fund Account with SBI for onward distribution to stakeholders.
👀 What to Watch
Investors should view this as a major milestone in the company's insolvency resolution, as the entry of the Adani Group provides a clear path for debt settlement. However, the long-term equity value will depend on the operational turnaround and the impact of the massive NCD issuance on the capital structure.
Jaiprakash Associates to Sell Assets Worth ₹5,693 Cr to Adani Group Under Resolution Plan
Jaiprakash Associates (JAL) has signed definitive agreements to sell major power and fertilizer assets to Adani Group entities as part of its NCLT-approved resolution plan. Adani Power will acquire a 24% stake in JPVL for ₹2,993.59 crore and a 180 MW thermal plant for ₹1,200 crore. Additionally, Adani Ports (APSEZ) will acquire 100% of Jaypee Fertilizers & Industries for ₹1,500 crore. These transactions, totaling approximately ₹5,693.59 crore, are critical steps in the company's insolvency resolution process led by Adani Enterprises.
Key Highlights
Sale of 24% stake in Jaiprakash Power Ventures Limited (JPVL) to Adani Power for ₹2,993.59 crore
Divestment of 180 MW Churk thermal power plant and 11.49% of Prayagraj Power to Adani Power for ₹1,200 crore
Sale of 100% stake in Jaypee Fertilizers & Industries Limited (JFIL) to APSEZ for ₹1,500 crore
Total consideration for the three major asset sales amounts to approximately ₹5,693.59 crore
Transactions are being executed under the Monitoring Committee's supervision to implement the NCLT-approved resolution plan
👀 What to Watch
Investors should view this as a significant milestone in the company's debt resolution process, though they must remain cautious about the final equity value remaining for existing shareholders under the resolution plan.
JAL Reports ₹55,357 Cr Debt; NCLT Approves Adani Enterprises Resolution Plan
Jaiprakash Associates Limited (JAL) has reported a total financial indebtedness of ₹55,357.39 crores as of April 30, 2026. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) which was initiated in June 2024. A critical development noted in the filing is the NCLT's approval of a resolution plan submitted by Adani Enterprises Limited on March 17, 2026. This monthly disclosure is a mandatory requirement under SEBI regulations for companies in default.
Key Highlights
Total provisional financial indebtedness stands at ₹55,357.39 crores as of April 30, 2026.
NCLT approved the resolution plan submitted by Adani Enterprises Limited on March 17, 2026.
The company has been under the Corporate Insolvency Resolution Process since June 3, 2024.
Major lenders include NARCL, SBI, ICICI Bank, Axis Bank, and several other financial institutions.
👀 What to Watch
While the approval of the Adani resolution plan provides a potential turnaround path, equity shareholders often face significant dilution in insolvency cases. Investors should remain cautious and wait for specific details regarding the treatment of existing equity under the approved plan.
Jaiprakash Associates to Receive ₹1,000 Crore from UltraTech Cement via Arbitral Settlement
Jaiprakash Associates Limited (JAL) has reached a consented arbitral settlement with UltraTech Cement Limited (UTCL) regarding a pending dispute. Under the award, JAL will receive a settlement payment of INR 1,000 crores from UTCL. Consequently, Series A Redeemable Preference Shares worth INR 1,000 crores held by JAL will be extinguished, and UTCL will retain full rights to the JP Super Plant and associated mines in Uttar Pradesh. This resolution provides a significant cash inflow to JAL and settles long-standing claims between the two parties.
Key Highlights
JAL to receive a cash settlement of INR 1,000 crores from UltraTech Cement Limited.
Extinguishment of Series A Redeemable Preference Shares aggregating to INR 1,000 crores.
UTCL gains clear title and operational rights over the JP Super Plant and Kajrahat mines (Blocks 1-4).
The settlement was finalized via a consented arbitral award dated March 25, 2026.
👀 What to Watch
Investors should monitor the company's utilization of this ₹1,000 crore inflow, particularly regarding debt repayment or working capital. While the cash is positive, the overall debt profile of JAL remains a critical factor for long-term valuation.
NCLT Approves Adani's Resolution Plan for JAL; Existing Equity to be Cancelled at Zero Value
The NCLT Allahabad Bench has approved Adani Enterprises Limited's (AEL) resolution plan for Jaiprakash Associates Limited (JAL). Under the plan, the entire existing share capital held by promoters (30.12%) and the public (69.88%) will be cancelled and extinguished for zero consideration. AEL will become the sole shareholder, and the company will be delisted from stock exchanges. The plan involves a total payout of over INR 12,000 crores to secured creditors and an infusion of INR 800 crores for operations.
Key Highlights
Existing equity and preference shares to be cancelled for zero consideration, leading to total loss for current shareholders.
Adani Enterprises to acquire 100% ownership and delist the company from BSE and NSE.
Secured financial creditors to receive INR 6,005 crores upfront and INR 6,026.5 crores within 24 months.
Successful Resolution Applicant to infuse up to INR 800 crores within 180 days for working capital and capex.
YEIDA resolution payouts fixed at INR 1,067 crores subject to pending Supreme Court proceedings.
👀 What to Watch
Existing equity investors should note that their holdings will be extinguished with zero recovery as part of the delisting process. Trading in the scrip is extremely risky and likely to be suspended soon.
NCLT Approves Adani Enterprises' Resolution Plan for JAL; Shares to be Delisted at Zero Value
The NCLT Allahabad Bench has orally approved the resolution plan submitted by Adani Enterprises Limited for Jaiprakash Associates Limited (JAL) under the Insolvency and Bankruptcy Code. Under the approved plan, the existing equity and preference share capital of the company will be entirely cancelled and extinguished for zero consideration. The company will be delisted from the stock exchanges as the liquidation value is insufficient to satisfy even secured creditors. The entire process, including delisting and capital cancellation, is expected to be completed within 90 days from the NCLT approval date.
Key Highlights
Adani Enterprises Limited declared the Successful Resolution Applicant for Jaiprakash Associates.
Existing equity and preference shares to be cancelled and extinguished for NIL consideration.
Securities of the company will be delisted from BSE and NSE as an integral part of the resolution plan.
Liquidation value is insufficient to cover secured creditors, leaving zero value for equity shareholders.
The resolution plan implementation and delisting are to be completed within a 90-day window.
👀 What to Watch
Existing shareholders will lose their entire investment as shares are being cancelled for zero value. Investors should exit any remaining positions immediately as the stock will be delisted and extinguished.
Jaiprakash Associates Reports ₹55,357 Crore Total Indebtedness Amid Insolvency Process
Jaiprakash Associates Limited (JAL) has disclosed its total financial indebtedness, which stands at ₹55,357.39 crores as of February 28, 2026. The company remains under the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated June 3, 2024. Currently, the Resolution Professional is in the process of verifying claims from a wide consortium of lenders including NARCL, SBI, and ICICI Bank. This monthly disclosure highlights the ongoing severe financial distress and the legal proceedings governing the company's debt resolution.
Key Highlights
Total provisional financial indebtedness reached ₹55,357.39 crores as of February 28, 2026.
The company has been under the Corporate Insolvency Resolution Process (CIRP) since June 3, 2024.
Major lenders include National Asset Reconstruction Company Limited (NARCL), SBI, ICICI Bank, and Axis Bank.
Resolution Professional Bhuvan Madan is currently verifying claims filed by various financial creditors.
The disclosure follows SEBI's mandate for monthly reporting of defaults by listed entities.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency proceedings, which typically results in significant equity dilution or total loss for shareholders. Monitor NCLT updates regarding the approval of any resolution plans.
JAL CoC Approves Q4 FY26 Cash Outflows and Bhutan Project Bid Security with 89.15% Vote
Jaiprakash Associates Limited (JAL), currently undergoing Corporate Insolvency Resolution Process (CIRP), announced that its Committee of Creditors (CoC) has approved critical operational resolutions with an 89.15% majority. The creditors approved budgeted cash outflows for the January-March 2026 period to maintain the company's status as a going concern. Additionally, the CoC ratified a bank guarantee for the 600 MW Khorlochhu Hydroelectric Project in Bhutan, which will be treated as interim finance. These approvals are essential for maintaining business continuity and project participation during the insolvency proceedings.
Key Highlights
CoC approved budgeted cash outflows for Jan-March 2026 with 89.15% of the vote to ensure going concern status.
Ratified a bank guarantee for the 600 MW Khorlochhu HEP in Bhutan, classified as interim finance under IBC.
All three resolutions passed with a significant majority, exceeding the required 51% and 66% thresholds.
The company continues to operate and bid for infrastructure projects despite being under the insolvency process.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency, which typically results in significant equity dilution or total loss. Monitor the CIRP progress and the eventual resolution plan for any potential residual value for shareholders.
Executive Director Manoj Gaur Surrenders to Judicial Authorities in ED Investigation
Jaiprakash Associates Limited (JAL) has announced that its Executive Director, Shri Manoj Gaur, surrendered to judicial authorities on February 19, 2026. This surrender follows the expiration of his interim bail term related to an ongoing investigation by the Enforcement Directorate (ED). The probe involves both Jaiprakash Associates and Jaypee Infratech Ltd. This development marks a significant escalation in the legal challenges facing the company's top leadership.
Key Highlights
Executive Director Manoj Gaur surrendered on the evening of February 19, 2026.
The surrender followed the expiration of his interim bail period.
Investigation is being conducted by the Enforcement Directorate (ED) regarding JAL and Jaypee Infratech.
This follows previous legal disclosures made by the company on November 13, 2025, and January 25, 2026.
👀 What to Watch
Investors should remain highly cautious as the detention of a key executive poses significant management and reputational risks. It is advisable to monitor further legal developments and the potential impact on the company's debt restructuring efforts.
Jaiprakash Associates Q3 FY26 Net Loss Narrows to 305 Crore; Adani Plan Awaits NCLT Approval
Jaiprakash Associates reported a standalone net loss of 305.33 crore for the quarter ended December 31, 2025, a significant reduction from the 717.02 crore loss in the previous year's corresponding quarter. Revenue from operations saw a slight decline to 724.76 crore compared to 765.92 crore year-on-year. The company is currently under the Corporate Insolvency Resolution Process (CIRP), with a resolution plan from Adani Enterprises Limited already approved by the Committee of Creditors (CoC). This plan is now pending final adjudication and approval by the Hon'ble NCLT Allahabad Bench.
Key Highlights
Net loss narrowed to 305.33 crore in Q3 FY26 from 717.02 crore in Q3 FY25.
Revenue from operations stood at 724.76 crore, down 5.4% from 765.92 crore in the same period last year.
Adani Enterprises Limited's resolution plan has been approved by the CoC and filed with NCLT for final sanction.
Construction segment contributed the majority of revenue at 517.81 crore for the quarter.
Total segment liabilities remain elevated at 37,927.94 crore as of December 31, 2025.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency; the final NCLT-approved resolution plan will dictate the value, if any, remaining for equity shareholders. Monitor the NCLT Allahabad Bench proceedings regarding the Adani Enterprises plan for definitive direction.
Jaiprakash Associates Concludes 26th CoC Meeting Under Insolvency Process
Jaiprakash Associates Limited (JAL) has informed the exchanges that the 26th meeting of its Committee of Creditors (CoC) was successfully convened on February 12, 2026. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) as mandated by the Insolvency and Bankruptcy Code. This post-facto intimation is a procedural requirement under SEBI Listing Regulations to keep stakeholders informed of the resolution progress. No specific details regarding the outcomes of the meeting or the status of resolution plans were provided in this disclosure.
Key Highlights
The 26th meeting of the Committee of Creditors (CoC) was held on February 12, 2026.
The company is currently undergoing a formal Corporate Insolvency Resolution Process (CIRP).
Disclosure follows SEBI Regulation 30 regarding the listing obligations of companies in insolvency.
The meeting follows a prior notification sent to the exchanges on February 10, 2026.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency, which often results in significant equity write-downs. Monitor for any announcements regarding the approval of a final resolution plan by the CoC and NCLT.
Jaiprakash Associates to Hold 26th Committee of Creditors Meeting on February 12, 2026
Jaiprakash Associates Limited (JAL) has scheduled the 26th meeting of its Committee of Creditors (CoC) for February 12, 2026. This meeting is a critical part of the ongoing Corporate Insolvency Resolution Process (CIRP) initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC). The company was admitted to insolvency proceedings by the NCLT, and the resolution process is now at an advanced stage with 26 meetings held. Investors should monitor these proceedings closely as they will determine the company's future structure and debt resolution.
Key Highlights
26th meeting of the Committee of Creditors (CoC) is scheduled for February 12, 2026
The meeting is part of the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the IBC
The announcement follows a previous intimation regarding the meeting schedule dated February 6, 2026
The company continues to operate under the oversight of the NCLT-mandated insolvency process
👀 What to Watch
Investors should remain extremely cautious as insolvency proceedings often lead to significant equity dilution or delisting. Monitor for any updates regarding the approval of a resolution plan or potential liquidation.
Jaiprakash Associates Defers 26th Committee of Creditors (CoC) Meeting
Jaiprakash Associates Limited has informed the exchanges that the 26th meeting of its Committee of Creditors (CoC), originally scheduled for February 6, 2026, has been deferred due to unavoidable reasons. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code (IBC). This delay follows a previous intimation dated February 4, 2026, regarding the meeting schedule. The outcome of these CoC meetings is critical for determining the future of the company and the recovery for its creditors.
Key Highlights
The 26th meeting of the Committee of Creditors (CoC) scheduled for February 6, 2026, stands deferred.
Jaiprakash Associates is currently under the Corporate Insolvency Resolution Process (CIRP).
The deferment was attributed to 'unavoidable reasons' with no immediate new date provided.
The process is being conducted pursuant to an order passed by the National Company Law Tribunal (NCLT).
👀 What to Watch
Investors should remain extremely cautious as the company is in insolvency proceedings, which often leads to significant equity dilution or delisting. Monitor for the announcement of the rescheduled CoC meeting and any updates on the resolution plan.
JAL Discloses ₹55,357 Crore Total Debt Default for January 2026 Under CIRP
Jaiprakash Associates Limited (JAL) has reported a total financial indebtedness of ₹55,357.39 crores as of January 14, 2026. The company continues to operate under the Corporate Insolvency Resolution Process (CIRP) following the NCLT order dated June 3, 2024. Major lenders including SBI, ICICI Bank, and NARCL are currently in the process of filing claims, which are undergoing verification by the Resolution Professional. This disclosure is a mandatory monthly filing under SEBI regulations for companies in default.
Key Highlights
Total financial indebtedness including short and long-term debt stands at ₹55,357.39 crores.
The company has been under the Corporate Insolvency Resolution Process (CIRP) since June 3, 2024.
Lenders involved include NARCL, SBI, ICICI Bank, Axis Bank, and several other major financial institutions.
All lender claims are currently under verification by the Resolution Professional, Bhuvan Madan.
👀 What to Watch
Investors should exercise extreme caution as the company is in active insolvency proceedings with massive outstanding debt. Equity recovery is highly unlikely in most CIRP cases where debt levels are this significant.
Jaiprakash Associates Schedules 26th Committee of Creditors Meeting for Feb 6, 2026
Jaiprakash Associates Limited (JAL) has scheduled the 26th meeting of its Committee of Creditors (CoC) for February 6, 2026. This meeting is a part of the ongoing Corporate Insolvency Resolution Process (CIRP) initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC). The company was admitted to this process following an order by the National Company Law Tribunal (NCLT). Investors should be aware that the resolution process is at an advanced stage given the number of meetings held, which will determine the company's future and debt settlement.
Key Highlights
26th meeting of the Committee of Creditors (CoC) to be held on February 6, 2026.
Company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under Section 7 of IBC.
The meeting is convened pursuant to orders passed by the National Company Law Tribunal (NCLT).
Disclosure made under Regulation 30 and Clause 16(g) of SEBI LODR Regulations.
👀 What to Watch
Investors should exercise extreme caution as equity value is often significantly diluted or erased during insolvency resolutions. Monitor for updates regarding the approval of any resolution plan by the CoC.
Jaiprakash Associates ED Case: Executive Director Manoj Gaur Granted 14-Day Interim Bail
Jaiprakash Associates Limited has reported that its Executive Director, Shri Manoj Gaur, has been granted interim bail for a period of 14 days by the Patiala House Court in New Delhi. This follows his arrest on November 13, 2025, by the Enforcement Directorate in connection with a PMLA investigation involving Jaypee Infratech Ltd. and Jaiprakash Associates Ltd. The bail order was issued on January 24, 2026, providing temporary relief to the company's top management. However, the underlying investigation into money laundering allegations remains active and continues to pose a risk to the company.
Key Highlights
Executive Director Manoj Gaur granted interim bail for 14 days starting January 24, 2026
The bail follows a period of custody since his arrest on November 13, 2025
Investigation is being conducted by the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA)
Legal proceedings involve both Jaiprakash Associates Ltd. and Jaypee Infratech Ltd.
Order passed by the Hon’ble Court of Additional Sessions Judge-7, Patiala House, New Delhi
👀 What to Watch
Investors should exercise extreme caution as the bail is only interim and the PMLA investigation signifies high legal and governance risks. Monitor further court proceedings and the impact on the company's debt restructuring efforts.
