JBF Industries MD, chairman, board of directors and AGM

BSE: 514034Chemicals & Petrochemicals

Trading suspended since 4 Oct 2023

Last traded ₹4.30 on 3 Oct 2023

JBF Industries board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

2 directors2 independent

  • Sangita Vikash ChudiwalaIndependent · joined Nov 2017 · reappointed Dec 2023 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Ravi DalmiaIndependent · joined Jun 2018 · reappointed Dec 2023 · 60 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

3 directors who left
  • Bindu Darshan Shah, left 29 Jun 2026: Others
  • Ujjwala G Apte, left 1 Jun 2025: Tenure Completion
  • Seetharam N Shetty, left 20 Apr 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Audit Committee

    Chair Ravi Dalmia

    Sangita Vikash Chudiwala

    No meeting listed in the filing.

  • Nomination and remuneration committee

    Chair Ravi Dalmia

    Sangita Vikash Chudiwala

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Ravi Dalmia

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Sangita Vikash Chudiwala

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S C Ajmera and CoPeer-review certificate valid to May 2028
1 earlier auditor
  • S C AJMERA & CONamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

JBF Industries AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.JBF Industries dividend history

Annual general meeting, 30 Sep 2026

37,188 shareholders on the register on 23 Sep 2026; present: 2 promoters and 34 others; votes counted by Mr. Harsh Kothari / M/s Harsh Kothari & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the Financial year ended 31st March, 2026 and the Reports of the Resolution Professional and Auditors thereon.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.78%

    Turnout: all 23.04% · promoters 100.00% · institutions 0.00% · other public 0.18%

  2. To declare dividend on Preference Shares to be carried forward to the next year for the payment.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.62%

    Turnout: all 23.04% · promoters 100.00% · institutions 0.00% · other public 0.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 23 Jun 2026, 1 resolution

37,194 shareholders on the register on 16 Jun 2026; present: 3 promoters and 41 others; votes counted by Mr. Harsh Kothari / M/s Harsh Kothari & Associates.The company's voting result (opens in a new tab)

  1. To approve the appointment of Secretarial Auditor of the Company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.01%

    Turnout: all 23.01% · promoters 100.00% · institutions 0.00% · other public 0.13%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2025, 2 resolutions

37,207 shareholders on the register on 23 Sep 2025; present: 4 promoters and 38 others; votes counted by Mr. Harsh Kothari / M/s Harsh Kothari & Associates.The company's voting result (opens in a new tab)

  1. 1 - To receive, consider and adopt Audited Financial Statements of the Company for the financial year ended on 31st March, 2025 and the Reports of the Resolution Professional and Auditors thereon.
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.64%

    Turnout: all 23.07% · promoters 100.00% · institutions 0.00% · other public 0.21%

  2. 2 - To declare dividend on Preference Shares to be carried forward to the next year for payment.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 43.07% · promoters 100.00% · institutions 0.00% · other public 27.03%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 2 resolutions

Present: 3 promoters and 34 others.The company's voting result (opens in a new tab)

  1. To receive, consider an adopt Financial Statements of the Company for the Financial year ended 31st March, 2024, and the report of Board of Directors and Auditors thereon.
    Ordinary
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.29%

    Turnout: all 23.25% · promoters 99.94% · institutions 0.00% · other public 0.48%

  2. To declare dividend on Preference Shares to be carried forward for the next year for payment.
    Ordinary
    99.24% for0.76% against

    Against: promoters 0.00% · institutions 0.00% · other public 47.43%

    Turnout: all 23.27% · promoters 99.94% · institutions 0.00% · other public 0.50%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 13 Dec 2023, 7 resolutions

Present: 2 promoters and 46 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements of the Company for the Financial Year Ended on 31st March, 2023 ant the Report of Board of Director and Auditor Report
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.44%

    Turnout: all 23.09% · promoters 100.00% · institutions 0.00% · other public 0.24%

  2. Appointment of Mrs. Ujjwala Apte (Din No : 0043378) who retire by rotation and being eligible, offered herself for re-appointment
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.19%

    Turnout: all 23.09% · promoters 100.00% · institutions 0.00% · other public 0.24%

  3. Declaration of Dividend on Preference Shares to be carried forward to the next year for payment
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.55%

    Turnout: all 23.09% · promoters 100.00% · institutions 0.00% · other public 0.24%

  4. To re-appoint of M/s S C Ajmera & Co, Chartered Accountant, Udaipur, as Statutory Auditor of the Company to hold office for 5 years from the Conclusion of this Annual General Meeting
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.25%

    Turnout: all 23.09% · promoters 100.00% · institutions 0.00% · other public 0.24%

  5. To appoint Mrs. Bindu Darshan Shah (Din No : 07131459) as an Independent Director.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.50%

    Turnout: all 23.09% · promoters 100.00% · institutions 0.00% · other public 0.24%

  6. To re-appoint Mrs. Sangita Chudiwala (Din No : 1039360) as an Independent Director
    Special
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.00% · other public 18.47%

    Turnout: all 23.09% · promoters 100.00% · institutions 0.00% · other public 0.24%

  7. To re-appoint Mr. Ravi Dalmia (Din No : 00634870) as an Independent Director.
    Special
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.00% · other public 18.47%

    Turnout: all 23.09% · promoters 100.00% · institutions 0.00% · other public 0.24%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2022, 7 resolutions

Present: 3 promoters and 42 others.The company's voting result (opens in a new tab)

  1. To receive consider and adopt Financial Statements of the Company for the Financial year ended on 31st March, 2022 and the reports of the Board of Directors and Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 23.40% · promoters 100.00% · institutions 0.00% · other public 0.65%

  2. To appoint Director in place of Mr Yash Gupta (Din : 06843474) who retires by rotation and being eligible offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.71%

    Turnout: all 23.40% · promoters 100.00% · institutions 0.00% · other public 0.65%

  3. To declare dividend on preference shares to be carried forward to the next year for payment.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.59%

    Turnout: all 23.41% · promoters 100.00% · institutions 0.00% · other public 0.67%

  4. To ratify the appointment of M/s S C Ajmera & Co, Chartered Accountants, Udaipur as statutory Auditor of the Company to hold office till conclusion of the next Annual General Meeting
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.16%

    Turnout: all 23.40% · promoters 100.00% · institutions 0.00% · other public 0.65%

  5. To Consider appointment & Remuneration payable to Mr. S N Shetty (Din : 07962778) as Additional Director-Legal & Admin
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.38%

    Turnout: all 23.41% · promoters 100.00% · institutions 0.00% · other public 0.67%

  6. To consider appointment and remuneration of Mrs. Ujjwala Apte (Din : 00403378) as Additional Director
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.34%

    Turnout: all 23.41% · promoters 100.00% · institutions 0.00% · other public 0.67%

  7. To approve the remuneration of Cost Auditor for the Financial year ending 31st March, 2023
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.14%

    Turnout: all 23.41% · promoters 100.00% · institutions 0.00% · other public 0.67%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Sep 2021, 8 resolutions

Present: 2 promoters and 42 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statement of the Company for the financial year ended on 31st March, 2021 and the report of the Board of Directors and Auditor thereon
    Ordinary
    86.34% for13.66% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.03%

    Turnout: all 27.18% · promoters 97.00% · institutions 51.54% · other public 1.78%

  2. Appointment of Mr. S N Shetty, (DIN : 07962778) who retired by rotation and being eligible, offered himselfs for re-appointment.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.82%

    Turnout: all 27.18% · promoters 97.00% · institutions 51.54% · other public 1.78%

  3. Declaration of dividend on Preference Shares to be carried forward to the next year for the payment
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.06%

    Turnout: all 27.19% · promoters 97.00% · institutions 51.54% · other public 1.80%

  4. Ratification of appointment of M/s S C Ajmera & Co, Chartered Accountant, Udaipur, as Statutory Auditor of the Company to hold office till the conclusion of the next Annual General Meeting
    Ordinary
    86.32% for13.68% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.59%

    Turnout: all 27.19% · promoters 97.00% · institutions 51.54% · other public 1.80%

  5. Appointment of Mr. Yash Gupta (DIN : 06843474) as Director-Commercial and approval of his remuneration
    Ordinary
    86.17% for13.83% against

    Against: promoters 0.00% · institutions 100.00% · other public 3.72%

    Turnout: all 27.19% · promoters 97.00% · institutions 51.54% · other public 1.80%

  6. Appointment of Mr. Satish Mathur (DIN : 03641285) as an Independent Director
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

    Turnout: all 27.18% · promoters 97.00% · institutions 51.54% · other public 1.78%

  7. Approval of the Remuneration of the Cost Auditor for the financial year ending 31st March, 2022
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.40%

    Turnout: all 27.19% · promoters 97.00% · institutions 51.54% · other public 1.80%

  8. Approval of proposed Related Party Transaction
    Ordinary
    86.23% for13.77% against

    Against: promoters 0.00% · institutions 100.00% · other public 2.45%

    Turnout: all 27.18% · promoters 97.00% · institutions 51.54% · other public 1.78%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Dec 2020, 9 resolutions

Present: 2 promoters and 47 others.The company's voting result (opens in a new tab)

  1. Adoption of Balance sheet as at 31.03.2020 and Profit & Loss account for the year ended on that date with Director Report and Auditor Report
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 31.36% · promoters 100.00% · institutions 5.32% · other public 1.73%

  2. To appoint Director in place of Mr. Bhagirath C Arya who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    61.06% for38.94% against

    Against: promoters 0.00% · institutions 0.00% · other public 95.25%

    Turnout: all 51.36% · promoters 100.00% · institutions 5.32% · other public 36.31%

  3. To declare dividend on Preference Shares to be carried forward to the next for Payment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 31.36% · promoters 100.00% · institutions 5.32% · other public 1.73%

  4. To appoint of M/s S C Ajmera & Co , Chartered Accountant, Mumbai as statutory Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 31.36% · promoters 100.00% · institutions 5.32% · other public 1.73%

  5. To re-appoint Mr. Bhagirath C Arya Whole time Director, Designated as Executive Chairman
    SpecialPromoters have an interest in it
    59.77% for40.23% against

    Against: promoters 0.00% · institutions 100.00% · other public 95.25%

    Turnout: all 51.36% · promoters 100.00% · institutions 5.32% · other public 36.31%

  6. To consider and regularize appointment & to approve Remuneration payable to Mr. S N Shetty as Director-Legal & Admin
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.87%

    Turnout: all 31.36% · promoters 100.00% · institutions 5.32% · other public 1.73%

  7. To Consider and regularize appointment & to approve remuneration of Mrs Ujjwala Apte as Director-Company secretary
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.87%

    Turnout: all 31.36% · promoters 100.00% · institutions 5.32% · other public 1.73%

  8. To approve the remuneration of the Cost Auditors for the Financial Year ending 31st March, 2021
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 31.36% · promoters 100.00% · institutions 5.32% · other public 1.73%

  9. To approve related party transactions.
    Ordinary
    97.82% for2.18% against

    Against: promoters 0.00% · institutions 100.00% · other public 1.88%

    Turnout: all 31.36% · promoters 100.00% · institutions 5.32% · other public 1.73%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeIncome Tax Department AY 2004-05Since 18 Feb 2021
    No Income tax Liability is envisaged
    At the filing before: Pre-Admission
  • Tax disputeIncome Tax Department AY 2009-10Since 18 Feb 2021
    No Income tax Liability is envisaged as all are covered matters by decisions of High Court in other cases
    At the filing before: Pre-Admission
  • Tax disputeIncome Tax Department AY 2010-11Since 18 Feb 2021
    No Income tax Liability is envisaged as all are covere matters by decisions of High Court in other cases except in point D where liability at Normal Tax Rate may arise.
    At the filing before: Pre-Admission
  • Tax disputeIncome Tax Department AY 2011-12Since 18 Feb 2021
    No Income tax Liability is envisaged as all are covere matters by decisions of High Court in other cases
    At the filing before: Pre-Admission
  • Tax disputeIncome Tax Department AY 2012-13Since 7 Oct 2013
    No Income tax Liability is envisaged as all are covered matters by decisions of High Court in other cases except in point A where liability at Normal Tax Rate may arise.
    At the filing before: Submission made. CIT (A) Order Not yet Passed
  • Tax disputeIncome Tax Department AY 2013-14Since 14 Aug 2014
    Income tax Liability is envisaged at Normal Tax Rate, Appeal to be filed with ITAT along with condonation for delay in filing appeal , as inspite of there being moratorium the CIT ( A) has passed order. The Order never came to knowledge of the Company.MoreLess
    At the filing before: Order Passed on 26-09-2025. All additions confirmed by CIT(A).
  • Tax disputeIncome Tax Department AY 2014-15Since 27 Nov 2014
    Income tax Liability is envisaged at Normal Tax Rate, Appeal filed with ITAT along with condonation for delay in filing appeal , as inspite of there being moratorium the CIT ( A) has passed order. The Order never came to knowledge of the Company.MoreLess
    At the filing before: Order Passed on 26-09-2025. All additions confirmed by CIT(A).
  • Tax disputeIncome Tax Department AY 2015-16Since 6 Nov 2023
    No Income tax Liability is envisaged as all are covered matters by decisions of High Court in other cases
    At the filing before: Pre-Admission
42 more
  • Tax disputeIncome Tax Department AY 2016-17Since 30 Nov 2016
    Income tax Liability is envisaged at Normal Tax Rate, Appeal filed with ITAT along with condonation for delay in filing appeal , as inspite of there being moratorium the CIT ( A) has passed order. The Order never came to knowledge of the Company.MoreLess
    At the filing before: Order Passed on 26-09-2025. All additions confirmed by CIT(A).
  • Tax disputeIncome Tax Department AY 2017-18Since 16 Apr 2022
    For this A.Y the department has made many mistakes and passed orders against what has been provided in the Act. Company is proposing to file Writ Petition with High court.
    At the filing before: Order Passed on 06-08-2024. All additions confirmed by CIT(A).
  • Tax disputeIncome Tax Department AY 2018-19Since 28 Sep 2021
    Draft Order Passed
    At the filing before: Final Order not yet Received
  • Tax disputeIncome Tax Department AY 2021-22Since 30 Mar 2025
    Addition of Rs 72,34,63,507/-.
    At the filing before: Order Passed on 25-03-2026.
  • Tax disputeIncome Tax Department AY 2022-23Since 13 Mar 2026
    Appeal has been filed with ITAT for quashing Section 263 order.
    At the filing before: Revision Order Passed by Pr CIT u/s 263 on 24-03-2026.
  • Tax disputeJoint / Additional Commissioner , CGST and Central Excise, Surat Commissionerate, GST Bhavan , opp. Gandhi Baug, Chowk Bazar , Surat, GujaratSince 21 Oct 2022
    For GSTIN : 24 AAACJ2575J1ZK and , For GSTIN :26AAACJ2575J1ZG We have sought time till the end of the moratorium period currently inforce under section 14(1) of IBC Code,2016, against a demand of Rs. 122 Crores in terms of Section 17(5) of the CGST Act,2017, towards non- reversal of ITC on secured capital goods re-possessed by the Asset Recontructiin Company , Viz. CFM ARC Trust -88 on the 6th of June,2022. The PH was to be held on the 8th of April,2026, at Ahmedabad. However, the officer was not available on the PH day and PH could not be held.MoreLess
    At the filing before: For GSTIN : 24 AAACJ2575J1ZK and , For GSTIN :26AAACJ2575J1ZG We have sought time till the end of the moratorium period currently inforce under section 14(1) of IBC Code,2016, against a demand of Rs. 122 Crores in terms of Section 17(5) of the CGST Act,2017, towards non- reversal of ITC on secured capital goods re-possessed by the Asset Recontructiin Company , Viz. CFM ARC Trust -88 on the 6th of June,2022.MoreLess
  • Tax disputeJoint Commissioner , CGST & Central Excise , DamanSince 27 Dec 2022
    Refund on Zero rated supplies wrongly claimed under Rule 89(4B) instead of U/R 89(4) as the noticee had imported raw materal availing the benefits of Customs duty and IGST exemption under AA.Order in Original Dated 13-12-2023 confirming the demand of Rs. 127 Cr. +100% Penalty+Interest . The claim of the department has been admitted in the NCLT by the Resolution ProfessionalMoreLess
  • Tax disputeAssistant Commissioner of State Tax, Unit-74(1), VAPI.( Shri. H.P. Thakar)Since 15 Jan 2024
    We have received Notice in Form 304 dated 17/12/2024 being Assessment Order with Notice for amount assessed in Form 305 dated 17/12/2024 asking us to pay an amount of Rs. 10,80,68,359.00 within a period of 30 days from the date of receipt of the notice. Appeal has been filed against the Ex-Parte Order on the 17th February,2025. NCLAT Ahmedabad has issued an order dated 18th March,2026, rejecting the appeal as the matter is subjudice with the Deputy Commissioner of State TAX - Appeal -08. The Order states that assessment proceedings cannot be put in abeyance during the moratorium period and the matter has to be decided by the appropriate authority with whom it is pending. The copy of the order has been shared with the Learned RP on 1st pf May ,2026.MoreLess
    At the filing before: We have received Notice in Form 304 dated 17/12/2024 being Assessment Order with Notice for amount assessed in Form 305 dated 17/12/2024 asking us to pay an amount of Rs. 10,80,68,359.00 within a period of 30 days from the date of receipt of the notice. Appeal has been filed against the Ex-Parte Order on the 17th February,2025.MoreLess
  • Tax disputeAssistant Commissioner of State Tax, Unit-74(1), VAPI.( Shri. H.P. Thakar)Since 28 Dec 2023
    Appeal Filed in Form APL-01 -Online on 26-06-2024 on payment of Pre-deposit of Rs. 96,178 thru the utilisation of accumulated ITC in ECL under the head IGST.{ Rs. 9,61,762.00 - Tax; Rs. 5,65,831.00 - Interest and Rs. 1,16,028.00 - Penalty.MoreLess
  • Tax disputeOffice of the Superintendent , CGST & Central Excise , Division -IX, Daman ( Shri. Mukesh Dutt )Since 19 Jul 2023
    our response to the aforesaid Notice is pending .
  • Tax disputeOffice of the Assistant Commissioner of State TAX -Unit 2(74) Vapi ( STO Shri. Jitendrabhai R. Pavar)Since 5 Sep 2023
    Our reply dated 30/12/2023 filed for FY 2020-21 which was accepted by the department and the matter is pending for FY 2018-19 only.
  • Tax disputeThe superintendent , Preventive, (HPIU-I), Room No. 712; GST Bhavan; RCP Compound , Vapi 396191 ( Officer : Shri. Vikas Dangwar)Since 27 Feb 2024
    E-Mail was sent by the RP on the 26th of April,2024, with the signed reply which he was supposed to submit before the GST authority. A mail has been sent today ( 10-10-2024) seeking update from him on this matter.MoreLess
  • Tax disputeSenior Intelligence Officer, DGGI, Mumbai Zonal UnitSince 13 Mar 2024
    Erroneus refund of accumulated ITC on Zero rated supplies u/r 89(4) instead of u/r 89(4B). The matter is pending as the erstwhile RP shir. Dhaval Khamar informed the GST office that the company is in NCLT and that moratorium is inforce.MoreLess
  • Tax disputeAssistant Commisioner of State Tax , Ghatak 74(Vapi) -Range 18 , Division -8, GujaratSince 22 Apr 2024
    Reply has been filed on the 9th of July ,2024,and hard copy delivered. The order is awaited. The order dated 21st April ,2025 in form DRC 07 received with a demnd of Rs. 80,970.00 against which an appeal shall be filed on or before the 18th of April,2025.MoreLess
    At the filing before: Reply has been filed on the 9th of July ,2024,and hard copy delivered. The order is awaited.
  • Tax disputeAssistant Commisioner of State Tax , Ghatak 74(Vapi) -Range 18 , Division -8, GujaratSince 27 May 2024
    Reply has been filed on the 19th of July,2024,and hard copy delivered. Order dated 18-08-2024 passed and th eproceedings have been dropped.
  • Tax disputeOffice of the Deputy Commissioner of Customs, Inland Container Depot- Tumb, S.No. 44/1/P.K.2, Village -Tumb, Tal: Umbergaon, Dist. Valsad, Gujarat 396150Since 23 Dec 2022
    Duty Draw Back credited into Bank of Baroda A/C in 2021 & 2022 on exports against 166 SBs to be refunded back to the Customs with interest due to non receipt of inward remittances from the oversaes buyers.A claim of Rs. 2.17 cr. has been admitted by the RP as per the minutes of th eCOC meeting held on 9th of October,2024MoreLess
  • Tax disputeDirectorate of Enforcement , FEMA & PMLA , Ministry of Finance - Dept. of Revenue , GOI ( Ramswaroop Yadav, Assistant Director)Since 7 Sep 2023
    Details of Inward & Outward Remittances from 01/04/2015 till Dtae ; Director details, etc. The details have been filed on 23rd September,2024
  • Tax disputeOffice of the Assistant Commissioner of Customs, SuratSince 30 May 2024
    Original / Final documents for finalising the provisionally assesswed BOEs under customs within 05 days of the datre of receipt of this letter. Indonesian Steaming Coal .
  • Tax disputeAssistant Commissioner, Ghatak 74( VAPI) Range -18 Division -8Since 28 Nov 2024
    The Department has contested our reply to DRC-01A on the reasons provided for availing ITC on supplies of M/S. Sai enterprises whose TAX invoices were raised after the date of cancellation of GSTIN. We have to file our reply within a period of 30 days from the date of receipt of DRC-01. The reply was filed by the learned RP under his signature on the 28th December,2024, thru e-mail. The order in Form DRC-07 dated 24th April,2025 issued with a demand of Rs. 10,79,822.00 against which we shall file an appeal on or before 21st of July,2025.MoreLess
    At the filing before: The Department has contested our reply to DRC-01A on the reasons provided for availing ITC on supplies of M/S. Sai enterprises whose TAX invoices were raised after the date of cancellation of GSTIN. We have to file our reply within a period of 30 days from the date of receipt of DRC-01. The reply was filed by the learned RP under his signature on the 28th December,2024, thru e-mail.MoreLess
  • Tax disputeSuperintendent , GST, Preventive SectionSince 4 Jul 2024
    Please see " Add Notes" Tab for the update on this matter.
    At the filing before: Order in Original Dated 04.02.2025 issued by the Assistant Commissioner imposing a Penalty of Rs. 2,38,926.00 . We need to file an appeal within a period of Ninety Days from the date of receipt of O-in-O. with a pre-deposit of 10% of the Penalty amount.MoreLess
  • Tax disputeOffice of the Additional Director General of Foreign Trade ( CLA) A-Wing, Indraprastha Bhawan, I.P. Estate , New DelhiSince 2 Jul 2011
    Appeal filed against cancellation of Order No. 05/26/087/00004/AM-10/DES-II/CLA dated 02.07.2011 by M/S. JBF Industries Limited, Mumbai, 400021 against VKUY License No. 0510256183 dt. 13.01.2010 and License No. 0510256181 dt. 13.012010. We have received letter dated 20.03.2025 that the next date of PH is on 17.04.2025MoreLess
  • Tax disputeJoint Commissioner , Central Excise- VapiSince 15 Dec 2011
    Matter is related to Service Tax credit on sales commission. Matter is in Supreme Court in the case of CADILA Pharma. Case is in call book, dept. has issued notification on 03.02.2016 onwards that if the activities with sales promotion then credit is eligible but it is not retrospective. As per our opinion it will not convert into a liabilities for the company.( Rs. 20,29,293.00)MoreLess
  • Tax disputeJoint Commissioner , Central Excise- VapiSince 4 Apr 2011
    Matter is related to Service Tax credit on sales commission. Matter is in Supreme Court in the case of CADILA Pharma. Case is in call book, dept. has issued notification on 03.02.2016 onwards that if the activities with sales promotion then credit is eligible but it is not retrospective. As per our opinion it will not convert into a liabilities for the company.( Rs. 7,03,049.00)MoreLess
  • Tax disputeCommissioner -Central Excise -VapiSince 28 Jan 2012
    There were 36 para covers all type of services received by the copmany which amounts to Rs.1.27 Crores. Similar case of Rs.18 Lacs issued by dept. in our favour and not proceed for the appeal from last three years. As per our opinion decision hold due to Rs.12 Lacs of service tax credit of sales commission in 36 para in ref. to high court decision on sales commission at that time. Case is in call book and waiting for judgment from Supreme Court in the case of CADILA Pharma. As per our opinion there is no liabilities in future on the company. ( Rs. 1,27,37,947.00)MoreLess
  • Tax disputeCommissioner -Central Excise -VapiSince 16 Dec 2015
    Matter is related to Service Tax credit on sales commission. Matter is in Supreme Court in the case of CADILA Pharma. Case is in call book, dept. has issued notification on 03.02.2016 onwards that if the activities with sales promotion then credit is eligible but it is not retrospective. As per our opinion it will not convert into a liabilities for the company.( Rs. 1,40,02,324.00)MoreLess
  • Tax disputeCommissioner -Central ExciseSince 19 Mar 2010
    Matter is related to Service Tax credit on sales commission. Matter is in Supreme Court in the case of CADILA Pharma. Case is in call book, dept. has issued notification on 03.02.2016 onwards that if the activities with sales promotion then credit is eligible but it is not retrospective. As per our opinion it will not convert into a liabilities for the company. { Period - March,2008 till December,2009- Rs. 48,61,090.00}MoreLess
  • Tax disputeCommissioner -Central ExciseSince 16 Jun 2011
    Matter is related to Service Tax credit on sales commission. Matter is in Supreme Court in the case of CADILA Pharma. Case is in call book, dept. has issued notification on 03.02.2016 onwards that if the activities with sales promotion then credit is eligible but it is not retrospective. As per our opinion it will not convert into a liabilities for the company. { Period March 2005 to Feb,2008 - Rs. 13,05,385.00}MoreLess
  • Tax disputeCommissioner -Central ExciseSince 5 Sep 2013
    Matter is related to Service Tax credit on sales commission. Matter is in Supreme Court in the case of CADILA Pharma. Case is in call book, dept. has issued notification on 03.02.2016 onwards that if the activities with sales promotion then credit is eligible but it is not retrospective. As per our opinion it will not convert into a liabilities for the company.{ Period July 2010 to March 2011- Rs. 10,52,355.00}MoreLess
  • Tax disputeCommissioner -Central ExciseSince 5 Sep 2013
    Matter is related to Service Tax credit on sales commission. Matter is in Supreme Court in the case of CADILA Pharma. Case is in call book, dept. has issued notification on 03.02.2016 onwards that if the activities with sales promotion then credit is eligible but it is not retrospective. As per our opinion it will not convert into a liabilities for the company. { Period Jan 2010 to June 2013 - Rs. 21,88,144.00}MoreLess
  • Tax disputeCommissioner -Central ExciseSince 1 May 2014
    Matter is related to Service Tax credit on sales commission. Matter is in Supreme Court in the case of CADILA Pharma. Case is in call book, dept. has issued notification on 03.02.2016 onwards that if the activities with sales promotion then credit is eligible but it is not retrospective. As per our opinion it will not convert into a liabilities for the company. { Period July 2013 to March 2014- Rs. 13,64,183.00}MoreLess
  • Tax disputeCommissioner -Central ExciseSince 29 Jan 2015
    Matter is related to Service Tax credit on sales commission. Matter is in Supreme Court in the case of CADILA Pharma. Case is in call book, dept. has issued notification on 03.02.2016 onwards that if the activities with sales promotion then credit is eligible but it is not retrospective. As per our opinion it will not convert into a liabilities for the company. { Period April 2014 to Nov 2014-Rs. 21,90,619.00}MoreLess
  • Tax disputeCommissioner -Central ExciseSince 20 Nov 2015
    Matter is related to Service Tax credit on sales commission. Matter is in Supreme Court in the case of CADILA Pharma. Case is in call book, dept. has issued notification on 03.02.2016 onwards that if the activities with sales promotion then credit is eligible but it is not retrospective. As per our opinion it will not convert into a liabilities for the company. { Period Dec 2014 to May 2015 - Rs. 3,78,952.00}MoreLess
  • Tax disputeCommissioner -Central ExciseSince 30 May 2016
    Matter is related to Service Tax credit on sales commission. Matter is in Supreme Court in the case of CADILA Pharma. Case is in call book, dept. has issued notification on 03.02.2016 onwards that if the activities with sales promotion then credit is eligible but it is not retrospective. As per our opinion it will not convert into a liabilities for the company. { Period June 2015 to Dec2015-Rs. 3,78,952.00}MoreLess
  • Tax disputeCommissioner -Central ExciseSince 25 Jan 2017
    Matter is related to Service Tax credit on sales commission. Matter is in Supreme Court in the case of CADILA Pharma. Case is in call book, dept. has issued notification on 03.02.2016 onwards that if the activities with sales promotion then credit is eligible but it is not retrospective. As per our opinion it will not convert into a liabilities for the company. { Period January 2016 to February 2017- Rs. 3,59,529.00}MoreLess
  • Tax disputeCommissioner -Central ExciseSince 19 Mar 2010
    Matter is related to Service Tax credit on sales commission. Matter is in Supreme Court in the case of CADILA Pharma. Case is in call book, dept. has issued notification on 03.02.2016 onwards that if the activities with sales promotion then credit is eligible but it is not retrospective. As per our opinion it will not convert into a liabilities for the company. { Period March 2005 to Feb 2008- Rs. 13,05,385.00}MoreLess
  • Tax disputeDirecotrate of Revenue Intelligence , Kolkata Zonal Unit, 8, Ho Chi-Minh Sarani, Kolkata 700071Since 2 Sep 2019
    DRI- Kolkata issued a Demand Notice on 18- AA Licenses issued during the period from 19th August 2016 and 11th May 2017 which violated the 'Pre-import Condition' bassed on the Notification issued by the Customs.All these 18AA licenses were issued prior to 13/10/2017 are hit by 'Pre-import Condition as First Import was made after the date of First Export under the 'Export in anticiptaion of Authorization' concept. JBFI filed writ petition with the Gujarat High Court on 14/09/2019 seeking stay on the recovery proceedings . The Gujarat High Court granted the Stay vide its order dated 20/11/2019. Amount Involved is Rs. 47,00,36,610.00 without the interest component.MoreLess
  • Tax disputePrincipal Commissioner - Central Excise- SilvassaSince 23 May 2007
    NCCD Paid thru Cenvat Credit of 1st & 2nd Schedule for which the department had raised a Demand of Rs. 3,18,50,522.00 . The company had contested this and the Principal Commissioner issued a favourable order against which the chief Commissioner - vadodara has filed an appeal at the Tribunal at Ahmedabad. Notice received for Final hearing at CESTAT , Ahmedabad on the 10th of July,2025.The Hearing was adjourned and the next date of hearing is 17th December,2025 ,The hearing on the 17th December,2025 was adjourned to 22nd January,2026 and thereafter it has again been adjourned.MoreLess
    At the filing before: NCCD Paid thru Cenvat Credit of 1st & 2nd Schedule for which the department had raised a Demand of Rs. 3,18,50,522.00 . The company had contested this and the Principal Commissioner issued a favourable order against which the chief Commissioner - vadodara has filed an appeal at the Tribunal at Ahmedabad. Notice received for Final hearing at CESTAT , Ahmedabad on the 10th of July,2025. The Hearing was adjourned and the next date of hearing is 17th December,2025, The hearing on the 17th December,2025 was adjourned to 22nd January,2026 and thereafter it has again been adjourned.MoreLess
  • Tax disputePrincipal Commissioner - Central Excise- SilvassaSince 23 Aug 2007
    NCCD Paid thru Cenvat Credit of 1st & 2nd Schedule for which the department had raised a Demand of Rs. 3,84,63,778 .00. The company had contested this and the Principal Commissioner issued a favourable order against which the chief Commissioner - vadodara has filed an appeal at the Tribunal at Ahmedabad. { Period Jan 007 to June 07 }Notice received for Final hearing at CESTAT , Ahmedabad on the 10th of July,2025.The Hearing was adjourned and the next date of hearing is 17th December,2025,The hearing on the 17th December,2025 was adjourned to 22nd January,2026 and thereafter it has again been adjourned. H13MoreLess
    At the filing before: NCCD Paid thru Cenvat Credit of 1st & 2nd Schedule for which the department had raised a Demand of Rs. 3,84,63,778 .00. The company had contested this and the Principal Commissioner issued a favourable order against which the chief Commissioner - vadodara has filed an appeal at the Tribunal at Ahmedabad. { Period Jan 007 to June 07 }Notice received for Final hearing at CESTAT , Ahmedabad on the 10th of July,2025.The Hearing was adjourned and the next date of hearing is 17th December,2025,The hearing on the 17th December,2025 was adjourned to 22nd January,2026 and thereafter it has again been adjourned.MoreLess
  • Tax disputePrincipal Commissioner - Central Excise- SilvassaSince 17 Mar 2008
    NCCD Paid thru Cenvat Credit of 1st & 2nd Schedule for which the department had raised a Demand of Rs. 5,34,45,107.00 . The company had contested this and the Principal Commissioner issued a favourable order against which the chief Commissioner - vadodara has filed an appeal at the Tribunal at Ahmedabad. { Period July07 till Feb 08}. Notice received for Final hearing at CESTAT , Ahmedabad on the 10th of July,2025.The Hearing was adjourned and the next date of hearing is 17th December,2025,The hearing on the 17th December,2025 was adjourned to 22nd January,2026 and thereafter it has again been adjourned.MoreLess
    At the filing before: NCCD Paid thru Cenvat Credit of 1st & 2nd Schedule for which the department had raised a Demand of Rs. 5,34,45,107.00 . The company had contested this and the Principal Commissioner issued a favourable order against which the chief Commissioner - vadodara has filed an appeal at the Tribunal at Ahmedabad. { Period July07 till Feb 08}. Notice received for Final hearing at CESTAT , Ahmedabad on the 10th of July,2025.The Hearing was adjourned and the next date of hearing is 17th December,2025 ,The hearing on the 17th December,2025 was adjourned to 22nd January,2026 and thereafter it has again been adjourned.MoreLess
  • Tax disputeCommissioner -Central ExciseSince 20 May 2015
    Demand on Cenvat credit taken on service tax paid on sales commission -Period : April 2011 to November 2014 Rs. 65,67,555.00
  • Tax disputeCommissioner -Central ExciseSince 21 Dec 2015
    Demand on Cenvat credit taken on service tax paid on sales commission -Period : December,2014 till September 2015 Rs. 11,33,551.00
  • Tax disputeCommissioner -Central ExciseSince 21 Dec 2015
    Demand on Cenvat credit taken on service tax paid on sales commission -Period : October 2015 till May 2016 Rs. 18,51,773.00

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
No
The board has a regular chairperson
No
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.