Jindal Poly Films Limited has submitted a regulatory disclosure under Regulation 30 of SEBI Listing Regulations, providing an update on ongoing litigation concerning its material subsidiary, JPFL Films Private Limited. This filing is a continuation of the company's earlier intimation dated November 2, 2026, made under Regulation 30 read with sub-para 8 of Para B of Part A of Schedule III of the Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (the "Master Circular").

Key Developments in Legal Proceedings

Delhi High Court Section 9 Petition Disposal:

  • On November 3, 2026, the Hon'ble High Court of Delhi at New Delhi disposed of the Section 9 petition filed by Project Holdings Fourteen (DIFC) Limited (the "Investor") under the Arbitration and Conciliation Act 1996.
  • The petition was filed against JPFL Films Private Limited (Respondent No. 1) and Jindal Poly Films Limited (Respondent No. 2), seeking interim measures in aid of arbitration.
  • The Court opined that the agreed dispute resolution mechanism provided alternative avenues to procure adequate interim relief.
  • The Court directed that parties may pursue the rights and remedies available to them.
  • Both Jindal Poly Films Limited and JPFL Films Private Limited undertook to preserve all documents and company records in their possession and control related to the dispute.

Singapore High Court Anti-Suit Injunction:

  • The Investor has filed Originating Application HC/OA 1179/2026 before the General Division of the High Court of the Republic of Singapore.
  • The application seeks anti-suit injunctive relief in respect of the petition filed by Jindal Poly Films Limited before the National Company Law Tribunal, New Delhi Bench (as previously intimated).
  • An interim anti-suit injunction was granted by the Singapore High Court on November 2, 2026.
  • The company received a copy of this order on November 3, 2026.

Additional Information

  • The disclosure confirms that the proceedings do not involve litigation against key management personnel, promoters, or ultimate persons in control (Item 2: Not Applicable).
  • The proceedings have not been settled (Item 3: Not Applicable).
  • This disclosure is made in compliance with sub-para 8.2 of Para B of Annexure 18 of the SEBI Master Circular.
  • The disclosure will be made available on the company's website at https://www.jindalpoly.com/.