J.A. Finance Independent Directors Review Open Offer

Key Quantitative Figures

The open offer is for the acquisition of up to 27,68,671 equity shares of face value ₹10 each, representing 26.00% of the total paid-up equity and voting share capital of J.A. Finance Limited.

Date of Action

The Committee meeting was held on Tuesday, October 13, 2026, at 1:00 P.M. IST.

Location of Meeting

The meeting took place at the Registered Office of J.A. Finance Limited situated at 1st Floor, 7B, Punwani Chambers, Kiran Shankar Roy Road, Kolkata-700001.

Parties Involved

Acquirers:

• Mr. Sachin Ishwarchand Goyal (Acquirer 1)
• Mr. Numan Sachin Goyal (Acquirer 2)
• Mr. Salil Vijay Sathe (Acquirer 3)

Regulatory Bodies:

• Securities and Exchange Board of India (SEBI)
• BSE Limited (Scrip Code: 543860)
• The Calcutta Stock Exchange Limited (Scrip Code: 020067)

Offer Manager:

• VC Corporate Advisors Private Limited

Next Steps

The recommendations of the Committee of Independent Directors will be:

• Published in the same newspapers where the Detailed Public Statement dated February 04, 2025 appeared
• Furnished to SEBI
• Submitted to both stock exchanges where the company's shares are listed (BSE Limited and The Calcutta Stock Exchange Limited)
• Provided to the Manager to the Offer, VC Corporate Advisors Private Limited