The Board of Directors of Jindal Photo Limited has appointed M/s Bhumika & Co., Practicing Company Secretary, to conduct due diligence regarding the voluntary delisting of equity shares from BSE Limited and National Stock Exchange of India Limited. The appointment, made during a board meeting on July 01, 2026, is in accordance with Regulation 10(2) of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. The firm holds a peer-reviewed certificate valid until May 31, 2031, and will submit its report pursuant to Regulation 10(3) of the regulations.

The delisting proposal involves acquirers Concatenate Power Advest Private Limited and Concatenate Advest Advisory Private Limited, along with Jindal India Power Limited acting as a Person Acting in Concert (PAC). They intend to acquire 26,46,183 fully paid-up equity shares, representing 25.80% of the total paid-up equity share capital. The Initial Public Announcement for this offer was dated June 29, 2026, with Saffron Capital Advisors Private Limited acting as the Manager to the Offer.

Key Delisting Details

The rationale for the delisting includes obtaining full ownership to enhance operational flexibility, saving compliance costs, and redirecting management time towards business operations. The floor price will be determined in accordance with Regulation 19A, while the final discovered price will be established through a reverse book building process. The success of the delisting is conditional upon shareholder approval via a special resolution where votes in favour must be at least two times the votes cast against it.

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.