Jindal Photo Limited Appoints Company Secretary for Due Diligence on Delisting Proposal
Jindal Photo Limited appointed M/s Bhumika & Co., a Peer Reviewed Company Secretary, to carry out due diligence in connection with its ongoing delisting proposal. The appointment was made during a Board of Directors meeting held on July 01, 2026.The company engaged M/s Bhumika & Co., holding a peer reviewed certificate bearing No. 8009/2026 dated May 26, 2026, which is valid until May 31, 2031. The appointment was made in accordance with the requirements related to conducting due diligence and submitting its report for the proposed transaction.
The appointment follows an Initial Public Announcement made on June 29, 2026. This announcement detailed a plan wherein Concatenate Power Advest Private Limited (Acquirer 1) and Concatenate Advest Advisory Private Limited (Acquirer 2), alongside Jindal India Power Limited acting in concert, were expressing their intention to acquire all Equity Shares of Jindal Photo Limited that are held by Public Shareholders.
The delisting proposal includes the voluntary delisting of the company's equity shares from the Stock Exchanges. The target company has a Face Value of ₹ 10/- per share.
Key details regarding the transaction and appointment:
| Detail | Information |
|---|---|
| Target Company | Jindal Photo Limited |
| Appointee | M/s Bhumika & Co. (Peer Reviewed Company Secretary) |
| Date of Appointment | July 01, 2026 |
| Initial Announcement Date | June 29, 2026 |
| Face Value of Equity Shares | ₹ 10/- |
JINDALPHOT Stock Price Movement
Shares of Jindal Photo Limited shed value today, slipping 2.87% to settle at ₹1194.6 in post-market trading. The stock saw a total traded volume of 22,119 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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