JBF Industries Limited (JBFIND)
Snapshot
Events
- Board meeting filing
- 13 Aug 2026
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📈 Share price & events
📢 Recent Corporate Announcements
JBF Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The confirmation, issued by registrar MUFG Intime India Pvt Ltd dated October 6, 2026, confirms the processing and cancellation/mutilation of physical shares received for dematerialisation. The company continues to operate under the Corporate Insolvency Resolution Process (CIRP), overseen by Resolution Professional Mukesh Verma. This is a standard quarterly administrative filing with no operational or financial impact.
- Compliance certificate submitted under Regulation 74(5) for the quarter ended September 30, 2026
- Confirmation certificate received from Registrar MUFG Intime India Pvt Ltd dated October 6, 2026
- Submission signed and filed on October 9, 2026 by Resolution Professional Mukesh Verma
- Company remains under Corporate Insolvency Resolution Process (CIRP)
JBF Industries Limited, currently under Corporate Insolvency Resolution Process (CIRP), disclosed the proceedings and voting results of its 44th Annual General Meeting held on September 30, 2026. Chaired by Resolution Professional Mukesh Verma, a total of 36 members attended via video conferencing. Both ordinary resolutions—adopting the audited financial statements for FY25-26 and carrying forward preference share dividend to the next year—were approved with a 99.97% majority. A total of 18,858,752 valid votes were cast in favor of adopting the financial statements against 5,124 votes against.
- Adoption of FY26 financial statements approved with 99.97% majority (18,858,752 votes in favor vs. 5,124 against)
- Carrying forward preference dividend to next year approved with 99.97% majority (18,857,852 votes in favor vs. 6,024 against)
- A total of 36 members attended the AGM conducted through VC/OAVM
- Company continues under Corporate Insolvency Resolution Process (CIRP) managed by RP Mukesh Verma
JBF Industries, currently under Corporate Insolvency Resolution Process (CIRP), announced that its RTA, MUFG Intime India, dispatched physical inland letters containing the web link to the FY 2025-26 Annual Report and 44th AGM Notice. A total of 6,429 articles were franked and mailed to shareholders whose email addresses were not registered as of the cutoff date. The 44th AGM is scheduled to take place via Video Conferencing on September 30, 2026, at 11:30 AM IST.
- 44th AGM scheduled for September 30, 2026, at 11:30 AM IST via Video Conferencing
- Dispatched inland letters to 6,429 shareholders without registered email IDs
- Total franked postage value incurred stood at Rs 16,129.50
- Shareholder cutoff date referenced in communication was August 29, 2025
JBF Industries Limited, which is currently undergoing Corporate Insolvency Resolution Process (CIRP), has scheduled its 44th Annual General Meeting for September 30, 2026. The accompanying financial statements for FY 2025-2026 report a loss before tax of ₹5.39 crore compared to ₹5.27 crore in the prior year. Total liabilities arising from financing activities remained unchanged at ₹2,359.84 crore, with cash and cash equivalents declining to ₹1.48 crore. In addition, the company noted that all operating assets have been repossessed by lenders, eroding shareholder equity.
- 44th AGM scheduled for September 30, 2026 via Video Conferencing
- Loss before tax reported at ₹5.39 crore for FY 2025-26 (vs ₹5.27 crore in FY 2024-25)
- Closing balance of financing liabilities steady at ₹2,359.84 crore as of March 31, 2026
- Cash and cash equivalents fell to ₹1.48 crore from ₹4.37 crore
- Operating ratios not applicable due to repossession of all assets by lenders and eroded net worth
JBF Industries Limited, which is currently undergoing Corporate Insolvency Resolution Process (CIRP), responded to NSE's query regarding non-submission of consolidated financial results for the quarter ended June 30, 2026. The company stated that it could not prepare consolidated financials because it did not receive audited financial statements from its subsidiaries. Furthermore, it noted that Madelin Enterprises Pvt. Ltd. acquired the company's stake in Singapore subsidiary JBF Global Pte Ltd under the SARFAESI Act, though share transfer remains pending.
- Clarification submitted for the quarter ended 30-Jun-2026 regarding missing consolidated results
- Company failed to receive audited financial statements of its subsidiaries
- Madelin Enterprises Pvt. Ltd acquired holding in subsidiary JBF Global Pte Ltd under SARFAESI Act, with share transfer still pending
- Company is currently under Corporate Insolvency Resolution Process (CIRP) managed by RP Mukesh Verma
JBF Industries, currently under Corporate Insolvency Resolution Process (CIRP), reported a nominal net loss of Rs 45 lakhs for Q1 ended June 30, 2026. However, auditors issued a qualified opinion, stating that the company failed to provide for interest costs of Rs 12,299 lakhs for the quarter; including this would have resulted in a net loss of Rs 12,344 lakhs. The company has officially ceased to be a 'going concern' as its ability to meet financial commitments is critically dented. The resolution process is being re-run, with 40 eligible prospective resolution applicants currently identified.
- Unprovided interest for the quarter stands at Rs 12,299 lakhs, leading to an understated loss.
- Aggregate unprovided interest as of June 30, 2026, has reached Rs 2,13,731 lakhs.
- 40 entities are in the final list of Eligible Prospective Resolution Applicants for the CIRP process.
- A corporate guarantee of USD 252 million (approx. Rs 1,99,555 lakhs) has been invoked by lenders of a subsidiary.
- Reported EPS of Rs (0.05) would have been Rs (15.077) if documented interest rates were applied.
JBF Industries, currently under Corporate Insolvency Resolution Process (CIRP), reported a nominal Q1 FY27 net loss of Rs 45 lakhs, which is misleading due to the non-provisioning of interest. Auditors highlighted that if documented interest were included, the net loss would have been Rs 12,344 lakhs for the quarter. The company has officially ceased to be a 'going concern' and lacks a CEO, CFO, and Company Secretary. Currently, 40 prospective resolution applicants are being evaluated as the Committee of Creditors re-runs the resolution process.
- Aggregate unprovided interest on loans reached Rs 2,13,731 lakhs (approx. Rs 2,137 cr) as of June 30, 2026.
- Adjusted net loss for Q1 FY27 would be Rs 12,344 lakhs if interest costs were fully accounted for, vs reported Rs 45 lakhs.
- 40 entities are in the final list of Eligible Prospective Resolution Applicants for the ongoing CIRP.
- A corporate guarantee of USD 252 million (approx. Rs 1,99,555 lakhs) remains a major liability after being invoked by lenders of a subsidiary.
- Auditors explicitly stated the company ceases to continue as a 'going concern' due to dented financial commitments.
JBF Industries, currently under Corporate Insolvency Resolution Process (CIRP), reported a net loss of Rs 44 lakhs for Q1 FY27 on zero operational revenue. The auditors issued a qualified opinion, noting that the company failed to provide for interest costs of Rs 12,299 lakhs during the quarter; including this would have increased the loss to Rs 12,344 lakhs. Total unprovided interest as of June 30, 2026, stands at Rs 2,13,731 lakhs (approx. Rs 2,137 crore). The auditor explicitly stated the company is no longer a 'going concern' as all manufacturing operations have been discontinued.
- Revenue from operations was Rs 0 for the quarter ended June 30, 2026, as all manufacturing locations are discontinued.
- Reported net loss of Rs 44 lakhs excludes unprovided interest of Rs 12,299 lakhs for the quarter.
- Aggregate interest not provided for as of June 30, 2026, reached Rs 2,13,731 lakhs.
- Total borrowings in default (Term Loans, Cash Credit, and CRPS) aggregate to Rs 2,47,379 lakhs.
- Auditor issued a 'Going Concern' warning, stating the company's ability to sustain itself is critically dented.
JBF Industries, which is currently under the Corporate Insolvency Resolution Process (CIRP), has announced the cessation of Ms. Bindu Darshan Shah as a Non-Executive Independent Director. The resignation was filed by the director on June 29, 2026, citing 'Personal Reasons'. Although the director claimed an effective date of April 18, 2024, in her regulatory filing, the Resolution Professional (RP) has officially taken the resignation on record effective from June 29, 2026. This administrative change occurs while the company remains under the management of an insolvency professional.
- Cessation of Ms. Bindu Darshan Shah as Non-Executive Independent Director effective June 29, 2026.
- Resignation filed via Form DIR-11 on June 29, 2026, citing 'Personal Reasons'.
- Discrepancy noted as the director claimed an effective date of April 18, 2024, but the RP recorded it as June 29, 2026.
- Company is currently managed by Resolution Professional Mr. Mukesh Verma under the CIRP framework.
JBF Industries, currently under Corporate Insolvency Resolution Process (CIRP), has failed to submit its consolidated financial results for the quarter ended June 30, 2025. The company cited ongoing financial restructuring and negotiations with lenders as the reason for not receiving audited statements from its subsidiaries. Notably, its Singapore-based subsidiary, JBF Global Pte Ltd, has been acquired by Madelin Enterprises Pvt. Ltd under the SARFAESI Act, though the legal transfer of shares remains pending. This non-compliance highlights the severe operational and financial distress the company is facing.
- Failure to submit consolidated auditors report for the quarter ended June 30, 2025
- Company is currently under Corporate Insolvency Resolution Process (CIRP) managed by a Resolution Professional
- Subsidiary JBF Global Pte Ltd (Singapore) acquired by Madelin Enterprises Pvt. Ltd under SARFAESI Act
- Clarification issued following an NSE query dated September 4, 2025
- Shares of the Singapore subsidiary remain in the company's name as of September 15, 2025, pending transfer
JBF Industries Limited, currently undergoing the Corporate Insolvency Resolution Process (CIRP), has received an extension from the NCLT Ahmedabad Bench to find a resolution applicant. The Committee of Creditors (CoC) has decided to republish Form G as of July 10, 2026, effectively restarting the invitation for fresh Expression of Interests (EoIs). This indicates that previous resolution attempts may not have reached a final conclusion. Equity shareholders should remain cautious as CIRP outcomes frequently involve significant capital restructuring or delisting.
- NCLT Ahmedabad Bench permitted an extension of the Corporate Insolvency Resolution Process (CIRP) period
- Form G republished on July 10, 2026, to invite fresh Expression of Interests (EoIs) from potential bidders
- Resolution Professional Mr. Mukesh Verma (IBBI/IPA-001/IP-P01665/2019-2020/12522) continues to manage the process
- The decision to republish Form G was taken by the Committee of Creditors (CoC)
JBF Industries, currently under Corporate Insolvency Resolution Process (CIRP), has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were verified, mutilated, and cancelled. The certificate was issued by the Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, on July 4, 2026. This filing is a routine administrative requirement and does not reflect any change in the company's financial health or the ongoing insolvency proceedings.
- Compliance certificate issued for the quarter ended 30th June, 2026
- Confirmation certificate received from RTA MUFG Intime India Pvt Ltd on 4th July, 2026
- Company continues to operate under Corporate Insolvency Resolution Process (CIRP)
- Filing signed by Resolution Professional Mukesh Verma (Registration No: IBBI/IPA-001/IP-P01665/2019-2020/12522)
JBF Industries, currently under Corporate Insolvency Resolution Process (CIRP), has clarified to the NSE why it failed to submit consolidated financial results for the quarter ended March 31, 2026. The company stated it did not receive audited financial statements from its subsidiaries, preventing the preparation of consolidated accounts. Furthermore, the company disclosed that its holding in JBF Global Pte Ltd (Singapore) was acquired by Madelin Enterprises Pvt. Ltd under the SARFAESI Act, though the legal transfer of shares remains pending. This filing underscores the severe operational and reporting challenges the company faces during its insolvency proceedings.
- Clarification provided for the financial quarter ended 31-Mar-2026 following an NSE query on 29-Jun-2026
- Company is currently under Corporate Insolvency Resolution Process (CIRP) managed by a Resolution Professional
- Holding in subsidiary JBF Global Pte Ltd (Singapore) acquired by Madelin Enterprises Pvt. Ltd under SARFAESI Act
- Consolidated financial statements could not be prepared due to missing audited data from subsidiaries
JBF Industries Limited, which is currently undergoing Corporate Insolvency Resolution Process (CIRP), held an Extraordinary General Meeting on June 23, 2026. The primary agenda was the appointment of Harsh Kothari & Associates as Secretarial Auditors for a five-year term spanning FY 2025-26 to FY 2029-30. The resolution was passed with an overwhelming majority, with 18,831,908 votes (99.98%) in favor and only 3,146 votes against. The meeting was conducted via video conferencing and chaired by the Resolution Professional, Mukesh Verma.
- Shareholders approved the appointment of Secretarial Auditors for a 5-year term ending FY 2029-30.
- The resolution received 99.98% support from the total 18,835,054 valid votes cast.
- The company continues to operate under the Corporate Insolvency Resolution Process (CIRP) led by Mukesh Verma.
- Public non-institutional participation was low, with only 78,440 votes cast compared to 18,756,614 from the promoter group.
The Promoter and Promoter Group of JBF Industries Limited have filed their annual declaration under SEBI (SAST) Regulations for the financial year ending March 31, 2026. The group reported a holding of 18,756,614 equity shares as of the year-end. Significantly, the promoters declared that no shares were encumbered or pledged, directly or indirectly, during the 2025-26 financial year, indicating no new debt-related pressure on their equity stake.
- Promoter group holds a total of 18,756,614 equity shares as of March 31, 2026.
- Confirmed zero encumbrance or pledging of shares during the entire financial year 2025-26.
- Compliance submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Declaration signed by Mr. Bhagirath C Arya on behalf of the Promoter Group.
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