Jindal Poly Films Ltd

Jindal Poly Films` equity shareholders & creditors approve scheme of demerger On 08 March 2013 The equity shareholders, secured creditors and unsecured creditors of Jindal Poly Films in a meeting held on 08 March 2013 have approved the scheme of demerger between Jindal Poly Films and Jindal Poly Investment and Finance Company.

Jindal Poly Films` equity shareholders to approve scheme of demerger On 08 March 2013 The equity shareholders meeting of Jindal Poly Films will be held on 08 March 2013 to approve the scheme of demerger between Jindal Poly Films and Jindal Poly Investment and Finance Company and their respective shareholders and creditors.

Jindal Poly Films` board approves demerger On 26 November 2012 The board of Jindal Poly Films in its meeting on 26 November 2012 has approved a scheme of demerger with Jindal Poly Investments and Finance Company (JPIFCL), a wholly owned subsidiary of the company. The proposed scheme of demerger involves transfer, by way of demerger of the company`s investment undertaking, comprising of investments of the company in its power business, liquid investments and other assets to JPIFCL. Further, pursuant to the aforesaid scheme of demerger, JPIFCL shall issue and allot equity shares in the ratio of 1 (one) equity share of face value of Rs 10 each, fully paid-up, to each shareholder of the company for every 4 (four) equity shares of face value of Rs 10 each held by such shareholder in the company on a record date to be fixed by the board of directors after approval of the scheme of demerger by the concerned High Court. The fractional entitlement(s) arising as a result of such allotment shall be taken care of in terms of the scheme of demerger. Accordingly, JPIFCL shall issue and allot to the shareholders of the company a total of 1,05,11,929 fully paid up equity shares of Rs 10 each, on the scheme of demerger becoming effective. The equity shares of JPIFCL are proposed to be listed on the National Stock Exchange of India and the Bombay Stock Exchange.

Jindal Poly Films to hold board meeting On 26 November 2012 The board meeting of Jindal Poly Films will be held on 26 November 2012 to consider a scheme of restructuring of the company under sections 391 - 394 of the Companies Act, 1956.

Jindal Poly Films acquires flexible packaging films business of ExxonMobil Chemical Jindal Poly Films has announced that the company has entered into an agreement with ExxonMobil Chemical (ExxonMobil) to purchase ExxonMobil`s Biaxially Oriented Polypropylene (BOPP) Global Film business. The agreement was signed on 26 October 2012. The transaction remains subject to necessary approval from regulatory authorities.

Jindal Poly Films to hold board meeting On 26 October 2012 A meeting of the board of Jindal Poly Films will be held on 26 October 2012 to discuss and approve the business expansion plans of the company.

Jindal Poly Films recommends dividend Of Rs 2.50 per share The board of Jindal Poly Films in its meeting on 01 September 2012 has recommended dividend at the rate of Rs 2.50 per share (25%).

Jindal Poly Films to consider dividend Board meeting on 01 September 2012 The board meeting of Jindal Poly Films will be held on 01 September 2012 to consider and approve the profit and loss account & balance sheet for the financial year ended 31 March 2012 and to recommend dividend, if any.

Jindal Poly Films appoints director With effect from 01 April 2012 The board of Jindal Poly Films in its meeting on 23 March 2012 has appointed Hemant Sharma as whole time director of the company with effect from 01 April 2012. Further, the board has accepted the resignation of Vinod Kumar Gupta, director of the company with effect from 31 March 2012.

Jindal Poly Films to hold board meeting On 31 October 2011 The board meeting of Jindal Poly Films will be held on 31 October 2011 to pass a revised resolution so as to enable the company to start the buy back in compliance of the provisions of the SEBI Regulations, 2011.

Jindal Poly Films` board approves buy-back of shares The board of Jindal Poly Films in its meeting on 12 August 2011 has approved a proposal to buy-back equity shares of Rs 10 each which will be less then 10% of paid up equity capital and free reserve of the company at a price not exceeding Rs 350 per equity share and the total amount of consideration not exceeding Rs 140 crore from the open market through stock exchanges.

Jindal Poly Films recommends dividend Of 25% The board of Jindal Poly Films in its meeting on 08 August 2011 has recommended dividend at the rate of 25%. Further, the board has approved to issue securities for an amount upto Rs 600 crore to various categories of investors in the domestic and/or international market.

Jindal Poly Films to consider dividend Board meeting on 08 August 2011 The board meeting of Jindal Poly Films will be held on 08 August 2011 to consider and approve the profit and loss account for the financial year ended 31 March 2011 and balance sheet as on that date and to recommend dividend, if any.

Jindal Poly`s subsidiary gets coal block in Mozambique Jindal Resources (Mozambique), a subsidiary of Jindal Poly Films participated in the tenders issued by Ministry of Mineral Resources, Government of Mozambique for auction of coal blocks for geological prospecting and exploration of coal in Mozambique. The company has been allotted Block-2 situated in Moatize district, Tete Province. The license covers an area of 1,480 hectares which may have a potential to contain a resource of 150 million tonnes of coal including coking/thermal coal. The company made this announcement during the trading hours today, 07 January 2011.

Jindal Poly Films' board approves to increase its capacities Of bopet film, BOPP film and metalizer lines The board of Jindal Poly Films in its meeting on 12 October 2010 has approved the expansion in capacities of bopet film, BOPP film and metalizer lines at a estimated project cost of Rs. 1600 crore.

Jindal Poly Films' director resigns With effect from 05 October 2010 The board of Jindal Poly Films in its meeting on 05 October 2010 has accepted resignation of A C Wadhawan, director of the company.

Jindal Poly Films to consider bonus issue Board meeting on 03 September 2010 The board meeting of Jindal Poly Films will be held on 03 September 2010 to consider issue of bonus equity shares of the company.

Jindal Poly Films to consider dividend Board meeting on 03 September 2010 The board meeting of Jindal Poly Films will be held on 03 September 2010 to consider and approve the annual accounts for the financial year ended 31 March 2010 and to recommend dividend, if any.

Sudhir Kapur ceases as director of Jindal Poly Films With immediate effect The board of Jindal Poly Films in its meeting on 11 August 2010 has took note on the appointment of Sudhir Kapur as director of DEG Deutsche Investitions, consequently Sudhir Kapur ceased to be director of the company.