Independent directors back proposed voluntary delisting
JINDALPHOT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.8 pts more than Nifty Microcap 250 and 5.2 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The independent directors committee submitted its reasoned recommendations on October 23, 2026 for a voluntary delisting offer. Promoter-group entities Concatenate Power Advest and Concatenate Advest Advisory, acting with Jindal India Power, plan to acquire all publicly held shares and remove Jindal Photo from BSE and NSE if the offer succeeds. The filing gives no offer price or timetable.
The proposal advances but is not complete. Shareholders may lose exchange liquidity and should await the final offer price and tender terms.