Jindal Photo Limited reported a net profit of ₹383 lakh for the financial year ended March 31, 2026, reversing the net loss of ₹274 lakh recorded in the previous year. This turnaround was primarily driven by a fair value gain of ₹95,066 lakh on shares received following the demerger of Jindal India Powertech Limited's power business. The Board of Directors approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026 at a meeting held on May 30, 2026.

For the quarter ended March 31, 2026, the company reported a net loss of ₹106 lakh, compared to a loss of ₹60 lakh in the same period last year. Total income for the quarter stood at ₹47 lakh, while total expenses were ₹150 lakh. For the full year, total income rose to ₹1,261 lakh from ₹247 lakh in FY25. The statutory auditors, M/s Suresh Kumar Mittal & Co., issued an unmodified opinion on the financial results.

Financial Performance

The significant annual profitability was largely due to the recognition of a fair value gain of ₹95,066 lakh on shares received following the demerger of Jindal India Powertech Limited's power business. The National Company Law Tribunal sanctioned the scheme of arrangement in November 2025, with an effective date of April 1, 2025.

Auditor's Emphasis of Matter

The statutory auditors drew attention to notes regarding non-provision of doubtful loans and amounts recoverable from Mandakini Coal Company Limited (MCCL), a joint venture. The company has not provided for interest on a loan of ₹537 lakh to MCCL for the financial years 2015-16 to 2025-26, as the Board waived the interest. Additionally, no provision has been created for ₹5,132 lakh paid to IFCI to discharge a corporate guarantee for MCCL, as the Board deems the amount recoverable.

The Board also re-appointed M/s VASK & Associates, Chartered Accountants, as internal auditors for the financial year 2026-27. The trading window for dealing in the company's shares will reopen 48 hours after the declaration of the financial results.

Jindal Photo Limited has scheduled a meeting of its Board of Directors on Friday, June 05, 2026, to consider a variation in the terms and conditions of its Redeemable Preference Shares. The proposed change is subject to the consent of the holders of these preference shares and will be evaluated in accordance with the terms and conditions of their original allotment. This decision could impact the rights and returns associated with the specified securities.

The meeting is being convened pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board will deliberate on the proposal, inter alia, and seek approval for the modification. The company stated that any variation requires the agreement of the preference shareholders, adding a layer of regulatory and shareholder compliance to the process.

Key Meeting Details

The company confirmed that it will intimate the outcome of the Board Meeting to the stock exchanges immediately after the proceedings conclude. The formal notice regarding this meeting is available on the company’s website at www.jindalphoto.com , as well as on the websites of the BSE and NSE.

Mukta Sharma, Company Secretary, signed the intimation on June 02, 2026, confirming the schedule for the upcoming board deliberations.