Summary of Key Information:

Reporting Period: Quarter ended June 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results

Audit Opinion:

Limited Review Report with Emphasis of Matter - Not Qualified but with significant emphasis on non-provision of doubtful loans and amounts recoverable from joint venture

Consolidated Financial Highlights (Rs. in Lakhs except EPS):

Income Statement:

  • Revenue From Operations: Rs. 797
  • Interest Income: Rs. 8
  • Dividend Income: Rs. 0
  • Net gain on fair value changes: Rs. 789
  • Other Income: Rs. 0
  • Total Income: Rs. 797

Expenses:

  • Finance Cost: Rs. 104
  • Employees Benefits expenses: Rs. 6
  • Depreciation & Amortisation expenses: Rs. 1
  • Other Expenses: Rs. 9
  • Total Expenses: Rs. 120

Profit Measures:

  • Profit before exceptional items and tax: Rs. 677
  • Share of Net Profit/(Loss) of Joint Venture and Associate: Rs. 641
  • Exceptional Items gain/(loss): Rs. 0
  • Profit before tax: Rs. 1,318
  • Total Tax Expenses: Rs. 10
  • Profit for the period: Rs. 1,308

Comprehensive Income:

  • Other Comprehensive Income/(loss), net of tax: Rs. 2
  • Total Comprehensive Income for the period: Rs. 1,310

Capital Structure:

  • Paid up Equity Share Capital: Rs. 1,026 (Face Value Rs. 10/- each)
  • Basic/Diluted Earnings Per Share: Rs. 127.5 (Not annualized)
  • Other Equity: Rs. 1,01,101

Comparison with Previous Periods:

  • Q1 FY27 Net Profit: Rs. 1,308 lakh vs Q4 FY26 Net Loss: Rs. (1,566) lakh - Significant improvement
  • Q1 FY27 Total Income: Rs. 797 lakh vs Q4 FY26: Rs. 47 lakh - Substantial increase

Segment-wise Performance:

Company is dealing in only one segment that is Investment business of shares and securities in group Company only.

Corporate Actions:

  • Convening the 23rd Annual General Meeting on Monday, September 21, 2026 at 02:00 PM through Video Conferencing
  • Fixed Cut-off Date as Monday, September 14, 2026 for determining Members eligible to attend/vote
  • E-voting period: September 18, 2026 (09:00 AM) to September 20, 2026 (05:00 PM)
  • Appointment of M/s DMK Associates, Company Secretaries as Scrutinizer

Significant Financial Notes:

Note 3(a): MCCL Compensation Claim

  • Mandakini Coal Company Limited (MCCL), Joint Venture claimed compensation of Rs. 24,049 Lakh
  • Nominated Authority passed claim of Rs. 22,279 Lakhs (Company entitled for 1/3rd claim of Rs. 7,426 Lakhs)
  • MCCL filed appeal for additional Rs. 13,361 Lakhs (Company's claim: Rs. 4,453 Lakhs)
  • Nominated Authority proposed to reduce compensation to Rs. 15,519 Lakhs from Rs. 22,279 Lakhs
  • Writ Petitions filed before Delhi High Court with status quo orders

Note 3(b): Fair Valuation Loss

  • Booked fair valuation loss of Rs. 1,698 Lakhs against investment of Rs. 3,930 Lakhs in MCCL shares

Note 3(c): Loan to MCCL

  • Interest bearing loan of Rs. 537 lakhs to MCCL (excluding interest receivable of Rs. 22 lakhs up to March 31, 2015)
  • Board waived interest for FY 2015-16 to 2025-26 and current quarter
  • No provision for interest made - considered good and recoverable

Note 3(d): Corporate Guarantee to IFCI

  • Payment of Rs. 5,132 Lakh made to IFCI to discharge guarantee obligation
  • Amount shown as recoverable from MCCL with no interest charged
  • No provision created - considered good and recoverable

Note 4: Preference Share Extension

  • Extended tenure of 1,50,00,000 zero percent redeemable preference shares (RPS-Series II) from June 10, 2026 to June 10, 2031
  • Extended tenure of 40,00,000 zero percent redeemable preference shares (RPS-Series III) from September 22, 2026 to September 22, 2031
  • Booked initial gain of Rs. 733 lakhs on extension representing difference between carrying amount and present value

Note 5: JIPTL Demerger

  • Jindal India Powertech Limited demerger scheme sanctioned effective April 01, 2025
  • Company allotted 9,89,03,972 equity shares of Jindal India Power Limited
  • Fair value gain of Rs. 3,778 lakhs (net off taxes Rs. 3,238 lakhs) recognized during quarter ended March 31, 2026
  • Fair value gain of Rs. 95,066 lakhs (net off taxes Rs. 81,472 lakhs) recognized during year ended March 31, 2026

Note 6: Delisting Proposal

  • Received Initial Public Announcement dated June 29, 2026 under SEBI Delisting Regulations
  • Acquirers: Concatenate Power Advest Private Limited, Concatenate Advest Advisory Private Limited, Jindal India Power Limited (PAC)
  • Board approved delisting proposal on July 16, 2026 subject to shareholder approval
  • Postal Ballot notice dated July 16, 2026 with e-voting open till August 18, 2026
  • No effect given in financial results pending approvals

Entities in Consolidation:

  • Jindal Photo Limited (Holding company)
  • Jindal India Powertech Limited (Associate)
  • Mandakini Coal Company Limited (Joint Venture)

Other Significant Information:

  • Board's Report including Corporate Governance Report and Management Discussion and Analysis Report approved for FY ended March 31, 2026
  • Figures for quarter ended March 31, 2026 are balancing figures between audited full year and reviewed year-to-date figures