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 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 14-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second 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 Unaudited
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 14-11-2025   16:00:00
End date and time of board meeting 14-11-2025   16:25:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? No
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? No
(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 No
(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. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(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? Yes
Latest Date on which RPT policy is updated 14-11-2014
Indicate Company website link for updated RPT policy of the Company www.jbfindustries.co.in
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? No
Not Applicable



Financial Results Ind-AS

Amount in (Lakhs)

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 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 0.00 0.00
Other income 4.00 9.00
Total income 4.00 9.00
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 17.00 33.00
(e) Finance costs 0.00 0.00
(f) Depreciation, depletion and amortisation expense 0.00 0.00
(f) Other Expenses
1 Other Expenses 153.00 189.00
Total other expenses 153.00 189.00
Total expenses 170.00 222.00
3 Total profit before exceptional items and tax (166.00) (213.00)
4 Exceptional items 0.00 0.00
5 Total profit before tax (166.00) (213.00)
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax 0.00 0.00
9 Total tax expenses 0.00 0.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (166.00) (213.00)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (166.00) (213.00)
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period (166.00) (213.00)
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 8,187.00 8,187.00
Face value of equity share capital 10 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 -0.2 -0.26
Diluted earnings (loss) per share from continuing operations -0.2 -0.26
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.2 -0.26
Diluted earnings (loss) per share from continuing and discontinued operations -0.2 -0.26
24 Debt equity ratio 0.00 0.00
25 Debt service coverage ratio 0.00 0.00
26 Interest service coverage ratio 0.00 0.00
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 14th November 2025. The Statutory Auditors of the Company have carried out a Limited Review of the above results. 2 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. In addition the Company has received demand notice from Tamilnad Mercantile Bank Ltd TMBL under Section 132 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. Therefore TMBL approached DRT Mumbai for recovery of their dues from the Company and CFM. DRT Mumbai has passed interim order and CFM challenged the maintainability of TMBL application in DRAT where their contention was upheld thereafter TMBL has approached Gujarat High Court and matter is subjudice. TMBL has also filed an IA with NCLT. In 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 Company s 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 quarters. 3 Exceptional items for the quarter ended 30th September 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. 4 As the Company was admitted by the Honble NCLT vide its order dated 25th January 2024 therefore the Company has provided interest at the rate Nil percent p.a. wef. 1st April 2023 on term loan Cash Credit limits and Cumulative Redeemable Preference Shares CRPS on its borrowings aggregating to Rs. 247379 lakhs Term Loan Rs. 64121 lakhs and Cash Credit Rs. 171862 lakhs and CRPS Rs. 11 396 lakhs as against the documented rate as required as per IND AS -23 Borrowing Costs read with IND AS109 on Financial Instruments since Company unable to service interest liability. Aggregate amount of interest not provided for as at 30th Sept 25 is Rs.178071 lakhs. Accordingly finance costs for the quarter ended 30th Sept 2025 for the quarter ended 30th June 2025 for the quarter ended 30th Sept 2024 and for half year ended 30th Sept 2024 and the year ended 31st March 2025 is lower by Rs.11212 lakhs Rs.10710 lakhs Rs.19108 lakhs and Rs.39462 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 quarters. 5 The Company had issued a corporate guarantee of USD 463.96 Million equivalent of Rs. 377587 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 stepdown 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.199155 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 instructions of COC appeal filed by RP stands withdrawn. CFM too has withdrawn the appeal. Stay on voting on 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 quarters. 6 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 7 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 quarters. As on 31st March 2023. 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. 8 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 quarters. 9 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.12848 lakh USD 19899091.53 as per notice dated 17th February 2020. This application stand dismissed as infructuous hence no provision is required for above claim as another application was admitted. 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 quarters. 10 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. 11 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 challenge round of negotiation was conducted and final plans have been received and the plans have been put to vote. 12 The figures for the corresponding previous period year have been regrouped re-arranged wherever necessary to make them comparable.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 0.00
Capital work-in-progress 0.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 0.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 0.00
Total non-current financial assets 0.00
Deferred tax assets (net) 0.00
Other non-current assets 0.00
Total non-current assets 0.00
2 Current assets
Inventories 0.00
Current financial asset
Current investments 0.00
Trade receivables, current 244.00
Cash and cash equivalents 578.00
Bank balance other than cash and cash equivalents 16.00
Loans, current 0.00
Other current financial assets 2.00
Total current financial assets 840.00
Current tax assets (net) 2.00
Other current assets 4,814.00
Total current assets 5,656.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 5,656.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 8,187.00
Other equity (2,93,676.00)
Total equity attributable to owners of parent (2,85,489.00)
Non controlling interest
Total equity (2,85,489.00)
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 0.00
Total non-current financial liabilities 0.00
Provisions, non-current 0.00
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.00
Total non-current liabilities 0.00
Current liabilities
Current financial liabilities
Borrowings, current 2,35,984.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 160.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 3,687.00
Total Trade payable 3,847.00
Other current financial liabilities 46,153.00
Total current financial liabilities 2,85,984.00
Other current liabilities 5,115.00
Provisions, current 46.00
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 2,91,145.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 2,91,145.00
Total equity and liabilites 5,656.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone 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

Amount in (Lakhs)

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 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone 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 0.00 0.00
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 0.00 0.00
5 Total Other comprehensive income 0.00 0.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (213.00)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0.00
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables, current 68.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 287.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 0.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 9.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 346.00
Net cash flows from (used in) operations 133.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 132.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 0.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 9.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities 9.00
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 0.00
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 141.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 141.00
Cash and cash equivalents cash flow statement at beginning of period 437.00
Cash and cash equivalents cash flow statement at end of period 578.00