Board approves delisting; floor price set at Rs. 1,119.50 per share

Board & Shareholder Meetings View source PDF

JINDALPHOT · price

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₹1139.00

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AI summary

Jindal Photo's board, at its July 16, 2026 meeting, approved a voluntary delisting proposal subject to shareholder approval via postal ballot. Promoter group firms Concatenate Power Advest and Concatenate Advest Advisory, along with PAC Jindal India Power, intend to buy up to 26,46,183 public shares (25.80 percent of equity) and delist from BSE and NSE. Floor price is Rs. 1,119.50 per share, indicative price Rs. 1,120. Cut-off date for postal ballot is July 10, 2026.

Likely market impact

Public shareholders get an exit opportunity at a floor of Rs. 1,119.50; shares face risk of delisting if postal ballot clears.