Integrated Filing — IndAS



General information about company
Scrip Code 514034
NSE Symbol JBFIND
MSEI Symbol NOTLISTED
ISIN INE187A01017
Name of company JBF INDUSTRIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 13-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-Aug-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment In the opinion of the management, the Company is engaged only in the business of producing polyester based products. As such, there are no separate reportable segments.
Start date and time of board meeting 13-Aug-2025   17:00:00
End date and time of board meeting 13-Aug-2025   17:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? Yes



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 0
Other income 500000
Total income 500000
2 Expenses
(a) Cost of materials consumed 0
(b) Purchases of stock-in-trade 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0
(d) Employee benefit expense 1600000
(e) Finance costs 0
(f) Depreciation, depletion and amortisation expense 0
(f) Other Expenses
1 Other Expenses 3600000 3600000
Total other expenses 3600000
Total expenses 5200000
3 Total profit before exceptional items and tax -4700000
4 Exceptional items 0
5 Total profit before tax -4700000
6 Tax expense
7 Current tax 0
8 Deferred tax 0
9 Total tax expenses 0
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations -4700000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period -4700000
17 Other comprehensive income net of taxes 0
18 Total Comprehensive Income for the period -4700000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 818700000
Face value of equity share capital 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.06
Diluted earnings (loss) per share from continuing operations -0.06
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.06
Diluted earnings (loss) per share from continuing and discontinued operations -0.06
24 Debt equity ratio 0
25 Debt service coverage ratio 0
26 Interest service coverage ratio 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. The above results have been reviewed and approved by Resolution Professional at their meeting held on 13th August 2025. The Statutory Auditors of the Company have carried out a Limited Review of the above results. n n2. All the lenders except Tamilnad Mercantile Bank Ltd had assigned the debts along with all the rights and interests on the secured assets to CFM Asset Reconstruction Private Limited CFM, who in turn sold it to Madelin Enterprises Private Limited MEPL under the SARFAESI Act 2002 and manufacturing operations from all locations have been discontinued. nIn addition, the Company has received demand notice from Tamilnad Mercantile Bank Ltd, TMBL under Section 13 2 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Sarfaesi Act and the Rules framed thereunder for recovery of their dues vide letter dated 23rd November, 2021. amounting to Rs. 32.94 Crores plus future interest as applicable thereon in terms of loan agreement. TMBL has denied to release the pro rata charge on assets of the company. nIn light of the above facts, there could be a significant and material impact on the going concern status of the Company and its future operations. The Companys ability to sustain itself and generate revenues to meets its financial commitment, has been critically dented. The same has been referred by the auditors in their report on results and was also referred by the auditors in their reports on the financial statements and results for the earlier years or quarters. n n3. Exceptional items for the year ended 30th June, 2025 and for year ended 31st March 2025 represents loss on account of Provision for doubtful debts and repossession of secured assets by the Lender. n n4. As the Company was admitted by the Honble NCLT vide its order dated 25th January 2024, therefore, the Company has provided interest Nil p.a. w.e.f. 1st April 2023 on term loan, Cash Credit limits and Cumulative Redeemable Preference Shares CRPS on its borrowings aggregating to Rs. 2,47,379 lakhs Term Loan Rs. 64,121 lakhs and Cash Credit Rs. 1,71,862 lakhs and CRPS Rs. 11,396 lakhs as against the documented rate as required as per IND AS 23 Borrowing Costs read with IND AS 109 on Financial Instruments since Company unable to service interest liability. Aggregate amount of interest not provided for as at 30th June 25 is Rs.1,66,859 lakhs. Accordingly, finance costs for the quarter ended 30th June 2025, for the quarter ended 31st Mar, 2025, for the quarter ended 30th June 2024 and for the year ended 31st March, 2025 is lower by Rs.10,710 lakhs, Rs.1,0241 lakhs, Rs.9,339 lakhs and Rs.39,462 lakh respectively. The same has been qualified by the Auditors in their report on the results and was also qualified by the Auditors in their reports on the Financial Statements and results for the earlier year or quarters. n n n5. The Company had issued a corporate guarantee of USD 463.96 Million equivalent of Rs. 3,77,587 lakhs to the lenders of JBF Petrochemicals Limited JPL, a step down subsidiary. However, following the sale of secured assets including its investments in subsidiaries and step down subsidiary. One of the lenders of JPL vide its letter dated 24th April, 2018 invoked corporate guarantee to the extent of USD 252.00 Million equivalent of Rs.1,99,155 lakhs as JPL has defaulted in servicing its borrowings towards principal and interest thereon. Company has denied above invocation and is of the view that above corporate guarantee was valid only up to one year from the Commercial operation date i.e. 31st March, 2017 and all obligations of the Company towards above lenders stand rescinded, have fallen away and ceased to exist as on 1st April, 2018. In view of the above, invocation of corporate guarantee on 24th April, 2018 is not legally tenable and hence no provision is required towards the guarantee so invoked. Company has discontinued recognition of guarantee commission w.e.f. 1st April, 2018. Further IDBI bank has filed IA with NCLT Ahmedabad against rejection of their claim in CIRP process, which stands allowed and in compliance of orders of Honourable NCLT, RP has admitted the claim of IDBI.IDBI is now a member of COC. RP and CFM have filed appeal in NCLAT against the NCLT order. on instruction of COC appeal filed by RP stand withdrawl. CFM too has withdrawn the appeal. stay on Voting on the Resolution plan granted by honourable NCLAT now stands vacated . The same has been referred by the Auditors in their report on the results and was also referred by the Auditors in their reports on the Financial Statements and results for the earlier years or quarters. n n6. Due to the repossession of secured assets including all investments made by the Company in its subsidiaries and step down subsidiary on 6th June, 2022, the exposures has been reduced to NIL. n n7. Due to financial restructuring negotiation with lenders and or investors, Company did not receive the audited financial statements of its subsidiaries, hence the Company could not prepare the consolidated financial statements of the Company and accordingly no consolidated financial results have been published. The same has been referred by the auditors in their report on results and was also referred by the auditors in their report on the financial statements and results for the earlier years or quarters. As on 31st March 2023, Ms. Madelin Enterprises Pvt.Ltd., has acquired the holding of our Company in the Subsidiary Company JBF Global Pte Limited situated at Singapore under the Sarfaesi Act but pending transfer in the name of Madelin Enterprises Pvt. Ltd., the shares are still in name of the company as on date. n n8. There is no Chief Executive Officer CEO, Chief Financial Officer CFO of the Company and Company Secretary CS and Compliance Officer of the Company. The same has been referred by the auditors in their report on results and was also referred by the auditors in their report on the financial statements and results for the earlier years or quarters. n n9. One of the operational creditors of JBF RAK LLC, situated at UAE JBF RAK, had made an application with National Company Law Tribunal NCLT under Insolvency and Bankruptcy Code, 2016 against the Company, for supply of raw materials to JBF RAK and claimed for a debt of Rs. 12,848 lakh USD 19,899,091.53 as per notice dated 17th February, 2020. This application stand dismissed as infructuous hence no provision is required for above claim. Further, the operational creditor of JBF RAK LLC has filed its claim with RP, which also has not been admitted by him and matter is subjudice. As rejection is contested by the operational Creditor, the same has been referred by the auditors in their report on results and was also referred by the auditors in their report on the financial statements and results for the earlier years or quarters. n n10. In the opinion of the management, the Company was engaged only in the business of producing polyester based products. As such, there are no separate reportable segments. n. n11. An application was filed before the National Company Law Tribunal NCLT, Ahmedabad, by one of the Operational Creditor against the Company under section 9 of Insolvency and Bankruptcy Code, 2016. The matter was admitted by the Honble NCLT vide its order dated 25th January 2024 and Corporate Insolvency Resolution Process CIRP is in progress.a challange round of negotiation was conducted and final plan have been received and stands shared with members of COC n n12. The figures for the corresponding previous period or year have been regrouped or re-arranged wherever necessary, to make them comparable. n n n n n n



Remarks
Debt equity ratio N.A Shareholder equity has Eroded
Debt service coverage ratio N.A As Company has been admitted under NCLT and during the period Company has not been able to service the debt.
Interest service coverage ratio N.A Finance Cost Nil and Refer Note no 4 in Results


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0
5 Total Other comprehensive income 0





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 25375226000
B Of the total amount outstanding, amount of default as on date 25375226000
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 25375226000
B Of the total amount outstanding, amount of default as on date 25375226000
3. Total financial indebtedness of the listed entity including short-term and long-term debt 25375226000