Jindal Poly Films Ltd. — Major Shareholding Notification 2020

Oct 31, 2020

Plot No. 12, Sector B-1, Local Shopping Complex, Vasant Kunj, New Delhi - 110070 (INDIA) Phone : 011-40322100 Fax : (91-11) 40322129 Web. : www.jindalgroup.com

�� JINDAL POLY FILMS LTD.

Dated: 31.10.2020

National Stock Exchange of India Limited,

Exchange Plaza, Bandra Kurla Complex, Bandra East, Mumbai 400 051 NSE: Fax: 022 2659 8237 / 38 Phone: 022 2659 8235 / 36 email : cmlist@nse.co.in

BSE Limited,

Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 BSE : fax: 022 2272 3121/2041/ 61 Phone 022-22721233/4

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Symbol: NSE: JINDALPOLY, BSE: 500227

Subject: Intimation pursuant to Regulation 31A ofSEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and amendments thereof

Dear Sir,

We would like to inform that the Board of Directors at its meeting held on 31.10.2020, has considered, and approved the requests received from the below stated Promoters, for reclassifying them from 'Promoter/Promoter Group' category and removal from the prom.oter / promoters' list . The approval of the Board towards reclassification is subject to the approval of the members of the Company and the other regulatory authorities, if any, in terms of Regulation 31 A of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and amendments thereof:

1. Reclassification of Mrs. Aakriti Ankit Aggarwal from "Promoter and Promoter Group" category and removal from the list of promoter and promoters' group.

2. Reclassification of Aakriti Trust (where Aakriti Ankit Agarwal is Settlor and Beneficiary) from "Promoter and Promoter Group" a!]-d removal from the list of promoter and promoters' group.

As required under provisions of regulatiorts 31 A, certified extract of board meeting minutes is enclosed.

Kindly take on record and bring the notice to all concerned.

Thanking you,

Yours faithfully

Jindal Poly Films Limited

• � ompany Secretary

• ACS:18087 Encl : a.a.

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Regd. Office: 19th K.M. Hapur Bulandshahr Road, P.O. Gulaothi, Distt. Bulandshahr (U.P.) CiN: L17111UP1974PLC003979

Plot No. 12, Sector B-1, Local Shopping Complex, Vasant Kunj, New Delhi - 110070 (INDIA) Phone: 011-40322100 Fax :(91-11)40322129 Web. : www.jindalgroup.com

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THE EXTRACT OF THE MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF JINDAL POLY FILMS LIMITED HELD ON OCTOBER 31, 2020

Reclassification from 'Promoter/ Promoters Group to public and subsequent removal of name from "Promoters/ Promoter Group.

Board was apprised that the Company has received request letter dated 20[th ] October, 2020 from Mrs. Aakriti Ankit Aggarwal and Aakriti Trust person belonging to Promoter Group seeking Reclassification from "Promoter and Promoter Group" category to Public and removal of their name from the list of promoter and promoters' group and letters were placed on table on the meeting.

Company Secretary of the Company apprised to the Board that Regulation 31 A of the SEBI ( Listing Obligations and disclosure Requirements) Regulations, 2015 ( hereinafter referred to "Listing Regulations, 2015", effective from Oecember, 2015) has provided a regulatory mechanism for re-classification of Promoters as Public shareholders subject to fulfilment of conditio�s as provided herein.

Further as on date Shareholding Mrs. Aakriti Ankit Aggarwal and Aakriti Trust is nil and Mrs. Aakriti Ankit Aggarwal and the Trust are falling under category of promoter by virtue of provisions of SEBI (ICDR), however for a very long time, specifically after getting her marriage neither she in individual capacity nor through Trust have been involved in any type of activities related to business affairs of the company or in other words they are not related/ involved in any way in the business affairs of the company.

Further as per the existing provisions of SEBl(LODR) / ICDR , it is permissible for reclassification of promoter as pubic category and removal thereof subject to compliance of provisions of Regulations 31A and approval of shareholders and subsequent approval of stock exchanges, SEBI and other Regulations if, any.

Board discussed and considered the explanations· given by the applicants and after due deliberation, approved the following Resolution in this connection:

"RESOLVED THAT in accordance with Regulation 31 A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including any statutory modification(s) or re­ enactment thereof, for the time being in force and other applicable provisions, and subject to approval of shareholders and to all necessary approvals from the SEBI/ Stock Exchanges and other appropriate statutory authorities as may be necessary, the consent of the Board of the Company be and is hereby accorded and recommended to the Shareholders of the Company to give their approval to reclassify the following persons/entities (hereinafter individually and jointly referred to as the 'applicants') forming part of the Promoter Group from 'Promoter & Promoter Group Category' to 'Public Category'.

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Regd" Office: 19th K.M" Hapur Bulandshahl/' Road, P.Oo Gulaothi, Distt. Bulandshahr (U.P.) CIN : L17111UP197 4PLC003979

Plot No.12, Sector B-1, Local Shopping Complex, Vasant Kunj, New Delhi -110070 (INDIA) Phone : 011-40322100 Fax : (91-11) 40322129 Web. : www.jindalgroup.com

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I �� JINDAL PO

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J				I Local Shopping Com Vasant Kunj, New Delhi -110070 (IN Phone : 011-40322100 Fax : (91-11) 40322 Web. : www.jindalgr
Sr. No.		Name Mrs. Aakriti Ankit Aggarwal	No. of Shares held the company (JPFL) in	Percentage of shares Voting rights %
1.			0.00	0.00 0.00 0.00 0.00
2.		Aakriti Trust	0.00

RESOLVED FURTHER THAT on approval Shareholders and subsequent approval of the SEBI/ Stock Exchanges upon application for reclassification of the aforementioned applicants, the Company shall effect such reclassification in the Statement of Shareholding Pattern from immediate succeeding quarter under Regulation 31 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and compliance to Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and other applicable provisions.

RESOLVED FURTHER THAT all Directors and the Company Secretary of the Company be and are hereby severally authorized to take all necessary steps including calling shareholders meeting, submit application for reclassification to the SEBI/Stock Exchanges wherein the securities of the company are listed or any other regulatory body as may be required and to take such steps expedient or desirable to give effect to this resolution.

Certified True Copy

For Jindal Poly Films Limited

f� Company Secretary ACS:18087

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Regd. Office: 19th K.M. Hapur Bulandshahr Road, P.O. Gulaothi, Distt. Bulandshahr (U.P.) CIN : L 17111UP197 4PLC003979