Jubilant Agri and Consumer Products Ltd

Jubilant Agri and Consumer Products Limited - Trading Window closed from Thursday, October 01, 2026 till 48 hours after announcement of the un-audited financial results for the quarter and half year ending September 30, 2026

Rating action & instruments

• LT/ST Bank Facilities (Rs 625 cr): CARE A+; Stable; CARE A1+; Action: Reaffirmed
• Long Term Bank Facilities: Rating Withdrawn

Rating agency

• CARE Ratings Limited

Material change

• Withdrawal of rating on Long Term Bank Facilities

Outcome of Unsecured Creditors Meeting

• Unsecured creditors approved the Scheme of Arrangement for the demerger to Jubilant Agri Solutions.
• Vote passed with requisite majority: 24 creditors in favour, none against.
• Value of debt voted: Rs 12,59,00,064.
• Meeting held 05-09-2026 at Gajraula, Amroha; start 12:30, end 01:25.
• Promoter group had 0 votes; voting by public only.
• Resolution approved by Unsecured Creditors; requires NCLT confirmation to implement.
• Resulting company: Jubilant Agri Solutions Limited.
• NCLT order dated 8 July 2026 enabled the meeting.

Purpose of Meeting

• Approval of demerger of Agri business from Jubilant Agri and Consumer Products Ltd to Jubilant Agri Solutions Ltd.

Key Resolutions/Business

• Approval of the demerger arrangement embodied in the Scheme of Arrangement.

Voting Outcome

• Equity shareholders approved by requisite majority; promoter, public, institution votes largely in favor.

Shareholder/Creditor Impact

• Demerger changes capital structure per scheme; exchange ratio and listing status not disclosed here.

Next Steps

• Await NCLT order implementation and regulatory clearances; timeline to be disclosed.

Event details

• NCLT convened unsecured creditors meeting held on Sep 5, 2026 to approve the demerger scheme.
• Demerger between Jubilant Agri and Consumer Products Limited and Jubilant Agri Solutions Limited.
• 24 unsecured creditors attended in person or via authorized representatives.
• Chairperson: Deep Chandra Joshi; Alternate Chairperson: Saumyam Krishna.
• Scrutinizer appointed: Anil Kumar.
• Voting by poll; results to be announced on BSE/NSE and company site.
• Notice taken as read; agenda addressed; queries resolved.
• Facility provided for voting on the resolution by paper ballot.
• Meeting started 12:30 PM IST and ended 1:25 PM IST.

Meeting Details

• Purpose: Demerger Scheme between Jubilant Agri & Consumer Products (demerged) and Jubilant Agri Solutions (resulting).
• NCLT order dated July 8, 2026 authorised the meeting.
• Mode: remote e-voting plus poll at venue.
• Attendance: 47 equity shareholders; 17 in person, 30 by proxy.
• Outcome: Final voting results pending; to be announced on BSE/NSE and company site.

AGM Details

• Date and time: Sep 1, 2026, 11:00 A.M. IST.
• Mode: VC/OAVM.
• Record date: 25 Aug 2026.
• Meeting concluded at 11:48 A.M. IST.
• 66 members attended via VC/OAVM.

Resolutions

• Ordinary: Adoption of standalone and consolidated financial statements and reports.
• Ordinary: Re-appointment of Priyavrat Bhartia, retiring by rotation.
• Ordinary: Payment of commission to Independent Directors.
• Ordinary: Ratification of remuneration of Cost Auditor.

Voting results

• Res 1: Passed; in-favour 11,419,141; against 241.
• Res 2: Passed; in-favour 11,418,913; against 241.
• Res 3: Passed; in-favour 11,419,063; against 90.
• Res 4: Passed; in-favour 11,419,141; against 0.

Dividend

• No dividend declared or proposed.

Director changes

• Priyavrat Bhartia re-appointment as Director (retiring by rotation).

Auditor/remuneration

• Remuneration of Cost Auditor ratified.

Related party transactions

• No material related party transactions approved.

Other material approvals

• No other material approvals disclosed.

GST SCN

• GST Show Cause Notice from Central GST Audit Ludhiana proposes Rs 50.90 million demand.

Period and basis

• Period covered: FY 2020-21 to 2023-24; relates to 18% GST on 'Invoices to be Sent'.

Company stance

• Company believes SCN is based on incorrect facts and will file detailed reply.

Financial impact

• No anticipated financial implications from the SCN.

Next steps

• Reply to be filed before adjudicating authority contesting GST demand.

Demerger plan status

• Board approved demerger of Agri Business to Jubilant Agri Solutions Ltd on 04 Nov 2025.
• NSE and BSE issued No Objection Certificates on Apr 17, 2026.
• NCLT order Jul 8, 2026 directs shareholder/creditor meetings on Sep 5, 2026.
• Share exchange ratio 1:1; new shares to be listed on BSE/NSE post-demerger.

Q1 FY27 financial highlights

• Consolidated revenue from operations ₹5,232 mn, up 18% YoY.
• EBITDA ₹680 mn; margin 13.0%.
• PAT ₹461 mn; diluted EPS ₹29.96.

Capex and capacity expansion

• Brownfield capex ₹50 crore sanctioned; SBR Latex expansion adds 30,000 MTPA.
• Phase-1 Adhesives started commercial production in Q1 FY27.
• Phase-2 SBR Latex to be completed by end-Q3 FY27.