JINDAL POLY FILMS LTD

Auditor Reports

The Limited Review Report from the statutory auditors, Singhi & Co., is enclosed as Annexure-A. The report on the unaudited consolidated financial results contains a modified (qualified) opinion.

Standalone Financial Highlights (Rs in Lakhs)

Income Statement (Half Year Ended September 30, 2026):

  • Total Income: Not fully extractable from provided data tables
  • Net Loss before tax: (43,319.30)
  • Tax Expense: Not quantified in the extractable data
  • Net Loss for the period: Not fully extractable
  • Earnings per share (Basic and Diluted): Not fully extractable

Balance Sheet (As at September 30, 2026):

  • Total Assets: 472,878.68
  • Total Equity: 384,843.77
  • Equity Share Capital: 4,378.64
  • Other Equity: 360,465.13
  • Non-Current Liabilities: 59,027.59
  • Current Liabilities: 29,007.32 (partial sum from extractable data)

Consolidated Financial Highlights (Rs in Lakhs)

Income Statement (Half Year Ended September 30, 2026):

  • Revenue from Operations: 143,386.17
  • Other Income: 15,603.43
  • Total Income: 158,989.60
  • Total Expenses: 158,717.12
  • Profit before tax and exceptional items: 272.48
  • Exceptional Items: None in current period (Previous year: (106,710.63))
  • Profit before tax: 272.48
  • Total Tax: 38.02
  • Net Profit for period: 234.46 from continuing operations + 1,967.85 from discontinued operations = 2,202.31
  • Comprehensive Income: 2,079.87

Segment Information (Half Year Ended September 30, 2026):

  • Packaging Films Revenue: 84,559.44; Segment Result: (4,891.07)
  • Nonwoven Fabrics Revenue: 41,689.42; Segment Result: 6,789.30
  • Others Revenue: 18,645.67; Segment Result: 2,970.24

Auditor Qualifications and Notes

Standalone Financials (Note 3 & 4):

  • The company has not accounted interest on loans and other receivables amounting to Rs. 7,113.44 Lakhs (quarter) and Rs. 13,556.54 Lakhs (half year) due to uncertainty in realization from a subsidiary.
  • A subsidiary has availed a loan of Rs. 29,200 Lakhs from the holding company as of September 30, 2026. An investor shareholder has raised concerns about breach of reserve matter per Shareholders' Agreement dated March 16, 2022.
  • The company and subsidiary have received a Notice of Arbitration dated October 16, 2026. Pending resolution, the subsidiary continues to carry the loan amount.

Consolidated Financials:

  • The review report contains a modified opinion due to inability to perform physical verification of inventories at a subsidiary's fire-affected Nashik plant (fire occurred May 21, 2025). Inventories of Rs. 27,773.65 Lakhs are recognized based on management's assessment.
  • The report also references the same arbitration notice concerning the Rs. 29,200 Lakhs loan to the subsidiary.

Exceptional Items

Standalone (H1 FY2026):

  • Provision of loans to a subsidiary considered doubtful: Rs. 51,550.00 Lakhs

Consolidated (Previous Year):

  • Impact of Labour Codes: Rs. 286.20 Lakhs
  • Fire incident loss (net): Rs. 106,424.44 Lakhs (Write-offs of Rs. 156,124.72 Lakhs less write-back of Rs. 49,700.28 Lakhs)

Other Material Disclosures

  • The board on April 10, 2026, approved the withdrawal of an application filed under Regulation 37 of SEBI LODR regarding a Scheme of Arrangement with Global Non Woven Limited due to procedural delays and evolving market conditions.
  • The subsidiary is pursuing insurance claims for fires occurred on May 21, 2025, and January 1, 2023. Claims will be recognized when recognition criteria are met.
  • The financial results are available on the company's website and stock exchange portals.