Jindal Photo has extended the maturity dates for its 0% Non-convertible Redeemable Preference Shares (NCPS) following the receipt of necessary consent from the holders. The extension impacts Series II and Series III shares, pushing the maturity dates forward by five years while keeping all other terms and conditions unchanged.

The Board of Directors had granted in-principal approval for this extension on June 05, 2026. Subsequently, the company sought and obtained the consent of the preference shareholders, formalizing the revised tenure for the specified instruments.

Revised Maturity Schedule

The extension applies to the following series of Redeemable Preference Shares:

The intimation regarding this extension was submitted to the National Stock Exchange of India Limited and The BSE Ltd. on June 10, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Mukta Sharma, Company Secretary.

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.