JBF Industries Limited Regulatory Clarification
Date of Communication: 15th September, 2025
Nature of Query: The company is responding to an email dated 4th September, 2025 from the National Stock Exchange of India Limited regarding clarification on financial results.
Company's Clarification on Financial Results:
- The company did not publish consolidated financial results due to ongoing financial restructuring/negotiation with lenders and/or investors
- The company did not receive audited financial statements from its subsidiaries
- Consequently, the company could not prepare consolidated financial statements
Additional Disclosure Regarding Subsidiary:
- M/s. Madelin Enterprises Pvt. Ltd has acquired the company's holding in subsidiary JBF Global Pte Ltd (Singapore) under the SARFAESI Act
- The share transfer to M/s. Madelin Enterprises Pvt. Ltd is pending completion
- As of the date of this communication, the shares remain in the name of JBF Industries Limited
Regulatory Compliance: The communication represents the company's response to exchange queries regarding financial reporting obligations, though specific SEBI regulation references are not explicitly mentioned.
Topic Tags: Regulatory Response, Financial Results Clarification, Subsidiary Ownership Transfer, SARFAESI Act, Corporate Insolvency Resolution Process