Jindal Poly Films to Strike Off Step-Down Subsidiary JPF API Laminates UK Ltd.
Jindal Poly Films Limited announced its step-down subsidiary, JPF API Laminates UK Limited, will be struck off. The subsidiary contributed Rs. 0.52 Crore in turnover and had a net worth of Rs. -25.96 Crore last fiscal year. The application was submitted on July 22, 2026.
The subsidiary is not material, and its striking off is unlikely to have a significant impact on Jindal Poly Films Limited's overall business or financial performance.
The announcement is a routine corporate action regarding the striking off of a non-material subsidiary, with no significant financial or operational impact indicated.
Jindal Poly Films Limited (JPFL) has announced that its wholly-owned subsidiary, JPF Netherlands Investment B.V., has submitted an application for the striking off of its wholly-owned subsidiary, JPF API Laminates UK Limited. This action was formally communicated to JPFL on July 22, 2026, at 02:35 p.m.
Upon the successful completion of the striking-off process, JPF API Laminates UK Limited will cease to be a subsidiary of JPF Netherlands Investment B.V. and, consequently, will no longer be a step-down subsidiary of Jindal Poly Films Limited. The company has stated that JPF API Laminates UK Limited is not a material subsidiary.
As per the disclosures, JPF API Laminates UK Limited contributed Rs. 0.52 Crore (0.01%) to the turnover or revenue or income of the company during the last financial year. Its net worth during the last financial year was Rs. -25.96 Crore (0%). The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Jindal Poly Films Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Jindal Poly Films Limited. Read the original for the full detail.