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Jindal Poly Films Updates NCLT Case, Affirms Regulatory Compliance

Story Highlights
  • Jindal Poly Films says NCLT has issued notice on a SEBI intervention in a petition filed by minority shareholders.
  • The company reiterates that its transactions follow Indian company and securities laws and stresses commitment to governance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Jindal Poly Films Updates NCLT Case, Affirms Regulatory Compliance

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Jindal Poly Films Limited ( (IN:JINDALPOLY) ) has shared an update.

Jindal Poly Films Limited has disclosed that the National Company Law Tribunal’s Principal Bench in New Delhi has issued a notice on an intervention application filed by the Securities and Exchange Board of India in an ongoing petition brought by minority shareholders. The company has received SEBI’s intervention application but is still awaiting the formal NCLT order, and has reiterated in response to media reports that all its transactions comply with the Companies Act and SEBI regulations, emphasizing its commitment to legal compliance, strong corporate governance, and confidence in the judicial process.

More about Jindal Poly Films Limited

Jindal Poly Films Limited is an India-based manufacturer in the flexible packaging and polyester films industry. The company supplies films used in packaging and related applications, serving domestic and international markets, and is listed on both the National Stock Exchange of India and BSE Limited.

Average Trading Volume: 67,768

Technical Sentiment Signal: Strong Buy

Current Market Cap: 35.61B INR

Learn more about JINDALPOLY stock on TipRanks’ Stock Analysis page.

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