JINDAL PHOTO LIMITED
Background and Context
This disclosure is made in continuation of the company's intimation dated June 29, 2026 regarding receipt of Initial Public Announcement made by Saffron Capital Advisors Private Limited, the Manager to the Offer. The announcement was made on behalf of:
- Concatenate Power Advest Private Limited ("Acquirer 1")
- Concatenate Advest Advisory Private Limited ("Acquirer 2")
Both acquirers are part of the promoter group of Jindal Photo Limited, with Jindal India Power Limited acting as person acting in concert (PAC).
Delisting Proposal Details
The acquirers have expressed intentions to:
- Acquire all equity shares of face value ₹10 held by public shareholders of Jindal Photo Limited
- Consequently, voluntarily delist the equity shares from both BSE Limited and National Stock Exchange of India Limited
- The delisting offer is being made in accordance with SEBI (Delisting of Equity Shares) Regulations, 2021
Board Action and Appointment
A meeting of the Board of Directors was held on July 01, 2026 where the board appointed M/s Bhumika & Co., Practicing Company Secretary to carry out due diligence pursuant to Regulation 10(3) of SEBI Delisting Regulations, 2021.
Company Secretary Credentials
M/s Bhumika & Co. holds a peer-reviewed certificate bearing No. 8009/2026 dated May 26, 2026, valid until May 31, 2031.
Meeting Details
The board meeting commenced at 03:00 PM and concluded at 03:45 PM on July 01, 2026.
Additional Information
This information is also available on the company's website under investors section at http://jindalphoto.com/investors.shtml.