Jindal Poly Under SEBI Scanner as Regulator Approaches NCLT Over ₹760 Crore Investment Write-offs

As per news report, Jindal Poly Films Ltd is currently under the regulatory lens as SEBI has moved the National Company Law Tribunal (NCLT) over undisclosed investment write-offs amounting to ₹760 crore, linked to a group company, Jindal India Powertech.  

The development follows complaints raised by minority investors, leading to regulatory scrutiny and potential legal proceedings. 

SEBI Moves NCLT Over ₹760 Crore Write-offs by Jindal Poly 

The Securities and Exchange Board of India (SEBI) has initiated legal action against Jindal Poly Films Ltd. by approaching the NCLT. The move aims to address alleged violations of disclosure norms following investment write-offs made in Jindal India Powertech.  

These write-offs collectively amount to ₹760 crore and were not transparently communicated to investors over several financial years. 

SEBI’s preliminary findings indicate that the company routed its investments into the group entity and eventually wrote them off without adequate disclosures. This obscured the financial impact on shareholder value, contravening provisions under the SEBI Act and associated regulations. 

Transparency Concerns and Investor Impact 

The missing disclosure and staggered manner of the write-offs over multiple years prevented the erosion from reflecting as a substantial loss in any single financial year. As a result, the true financial position of Jindal Poly was not accurately depicted, raising concerns about violation of corporate governance standards and investor rights. 

The total loss attributed to these activities stands at ₹760 crore, affecting minority shareholders who raised concerns that triggered SEBI’s involvement. A class action suit from these investors is already being heard at the NCLT. 

Read More: SEBI Proposes Relaxed Norms for Issuing Duplicate Securities Certificates! 

Jindal Poly Films Share Price Performance    

As of November 28, 2025, at 1:06 PM, Jindal Poly Films share price on NSE was tradind at ₹528.80 up by 1.02% from the previous closing price. 

Conclusion 

SEBI’s step to escalate the matter to the NCLT highlights the seriousness of the undisclosed losses and governance lapses at Jindal Poly. The situation continues to unfold, with both regulatory prosecution and class action suits in progress, and investors awaiting further clarity. 

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