Jindal Photo Ltd Proposes Voluntary Delisting after Acquisition Offer

Jindal Photo Ltd Proposes Voluntary Delisting after Acquisition Offer​

Jindal Photo Limited announced a proposal for the voluntary delisting of its equity shares from stock exchanges following an acquisition offer. The move is set to conclude as part of a structured takeover process by affiliated entities, aimed at acquiring all public holdings in the company.

The plan stems from an Initial Public Announcement dated June 29, 2026. Saffron Capital Advisors Private Limited, appointed as the Manager for the Offer, is facilitating the acquisition on behalf of Concatenate Power Advest Private Limited and Concatenate Advest Advisory Private Limited. These companies are part of the promoter group alongside Jindal India Power Limited, acting in concert.

The core objective of the initiative is twofold: to acquire all equity shares of the company held by public shareholders, and consequently, to voluntarily delist these shares from both the National Stock Exchange of India Limited (NSE) and BSE. The delisting will be achieved through a formal delisting offer.

Board Meeting Scheduled for Delisting Proposal Review​

To move forward with the process, the Company has scheduled a meeting of its Board of Directors on Thursday, July 16, 2026. Key agenda items for the board include reviewing and taking on record several critical documents related to the takeover proposal.

The board is slated to consider reports including:

• The Due Diligence Report from the Practising Company Secretary.
• The Reconciliation of Share Capital Audit Report.
• The Floor Price and/or Indicative Offer Price, as determined by the Registered Valuer Report.

The meeting will also address appointing a Scrutinizer for the subsequent Postal Ballot process and approving the draft Postal Ballot Notice.

Trading Window Status Update​

Jindal Photo Limited confirmed that the trading window for dealing in its securities is currently restricted. The trading window was closed effective July 01, 2026, as previously informed. It remains closed until 48 hours after the adoption of unaudited financial results for the quarter ended June, 2026.

Furthermore, the trading window is mandated to remain closed from July 13, 2026, and will continue until the expiry of 48 hours following the conclusion of the upcoming Board Meeting on July 16, 2026. This restriction applies to all insiders, officers, connected persons, and designated employees as per the Company's Code of Conduct.

JINDALPHOT Stock Price Movement​

Shares of Jindal Photo Limited are edging higher as of 3:29 PM, climbing 3.23% to trade at ₹1183.00, buoyed by a strong intraday performance. The stock has seen healthy trading activity in live market, with 66,810 shares being traded during the session.