Jindal Photo Limited Receives 9.89 Crore Shares in Demerger Scheme Implementation

Jindal Photo Limited has announced the receipt of a significant share allotment following the implementation of an approved demerger scheme. The company received intimation on January 14, 2026, regarding the allotment of equity shares from Jindal India Power Limited as part of a corporate restructuring exercise.

Share Allotment Details

The share allotment specifics are outlined in the following table:

Demerger Scheme Implementation

The share allotment stems from a Scheme of Arrangement approved under Sections 230-232 of the Companies Act, 2013. The scheme provides for the demerger of Jindal India Powertech Limited and the transfer of specified business operations to Jindal India Power Limited. As a listed entity and shareholder in the demerged company, Jindal Photo Limited became eligible for the share allotment based on its existing shareholding.

The newly allotted equity shares rank pari passu in all respects with the existing equity shares of Jindal India Power Limited. This includes equal dividend rights and voting rights, ensuring that the allotted shares carry the same privileges and obligations as the company's existing equity shares.

Corporate Structure Impact

The demerger scheme has been structured to maintain stability in existing shareholding patterns. Jindal Photo Limited has confirmed that there is no change in its shareholding in the demerged company, Jindal India Powertech Limited. This arrangement ensures continuity while allowing for the corporate restructuring to proceed as planned.

The scheme received sanction from the Hon'ble National Company Law Tribunal (NCLT) and became effective on December 11, 2025. The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing the stock exchanges about this corporate development.