Updates

JINDAL PHOTO LIMITED JPL/SECT/JUNE26/031 June 29, 2026 The Listing Department The Deptt of Corporate Services National Stock Exchange of India Limited The BSE Ltd. Exchange Plaza, 5th Floor, Plot No. C-1 25, PJ Towers, Dalal Street Bloc— kG, Bandra-Kurla Complex Mum—b 40a000i1. Bandra (East), Mumbai —400051. BSE Scrip Code:532624 NSE Scrip Code: JINDALPHOT Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Reguirements) Regulations, 2015 and receipt of the Initial Public Announcement dated June 29 2026, under the SEBI (Delisting of Equity Shares) Regulations, 2021 (“SEBI Delisting Regulations 2021”) in relation to the proposal to Voluntary Delist the Equity Shares of Jindal Photo Limited (“Company”). (“Delisting Offer”) Dear Sir/Madam, The Company is in receipt of the Initial Public Announcement dated June 29, 2026 made by Saffron Capital Advisors Private Limited, Managetro the Offer, for and on behalf of Concatenate Power Advest Private Limited (“Acquirer 1”), Concatenate Advest Advisory Private Limited (“Acquirer 2”), being part of promoter group of the Company, and Jindal India Power Limited as person acting in concert (“PAC”) in accordance with Regulation 8 of the SEBI Delisting Regulations, 2021 as amended, expressing their intention to (a) acquire all the equity shares that are held by public shareholders and (b) consequently voluntarily delist the equity shares from BSE limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) (the stock exchanges where the equity shares of the company are presently listed), by making a delisting offer in accordance with the SEBI Delisting Regulations, 2021. (“Initial Public Announcement” or “IPA”). A copy of the IPA is enclosed for your reference and records. We request you to disseminate the same on your website at the earliest. This is for your information and records please. Thanking you For Jindal Photo Limited Mukta Sharma Company Secretary M. No.: F9806 Head Office: Plot No. 12, Local Shopping Complex, Sector B-1, Vasant Kun, New Delki-110 070, Ph.: 01140322100 Regd. Office: 19th KM. Hapur- Bulandshabr Road, P.0. Gulaothi, Distt. Bulandshahr, Uttar Pradesh-203408. CIN: L33209UP2004PLC095076, E-mail: cs_jphoto@jindalgroup.com, Website: www jindalphoto.com INITIAL PUBLIC ANNOUNCEMENT UNDER REGULATION 8 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (DELISTING OF EQUITY SHARES) REGULATIONS, 2021 FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF JINDAL PHOTO LIMITED Corporate Identification Number (CIN): 1L33209UP2004PLC095076 Registered Office: 19th K.M. Hapur- Bulandshahr Road, P.O. Gulaothi, Distt. Bulandshahr, Uttar Pradesh-203408 Head Office: Plot No. 12, Sector B -1, Local Shopping Complex, Vasant Kunj, New Delhi — 110 070 Tel. No.: 011-40322100; Contact Person: Ms. Mukta Sharma, Company Secretary and Compliance Officer Email id: CS_Jphoto@Jindalgroup.com ; Website: http://jindalphoto.com/ OFFER FOR 26,46,183 (TWENTY SIX LAKH FORTY SIX THOUSAND ONE HUNDRED AND EIGHTY THREE) FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF 2 10 EACH (THE “EQUITY SHARES”) OF JINDAL PHOTO LIMITED (THE “TARGET COMPANY”) REPRESENTING 25.80% (TWENTY FIVE POINT EIGHT ZERO PERCENT) OF THE PAID-UP EQUITY SHARE CAPITAL (AS DEFINED BELOW) FROM THE PUBLIC SHAREHOLDERS (AS DEFINED BELOW) OF THE TARGET COMPANY BY CONCATENATE POWER ADVEST PRIVATE LIMITED (“ACQUIRER 1”), CONCATENATE ADVEST ADVISORY PRIVATE LIMITED (“ACQUIRER 2”) (HEREINAFTER ACQUIRER 1 AND ACQUIRER 2 COLLECTIVELY REFERRED TO AS "ACQUIRERS") BEING PART OF PROMOTER GROUP OF THE TARGET COMPANY AND JINDAL INDIA POWER LIMITED AS PERSON ACTING IN CONCERT (“PAC”), PURSUANT TO AND IN ACCORDANCE WITH REGULATION 8 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (DELISTING OF EQUITY SHARES) REGULATIONS, 2021, AS AMENDED, (HEREINAFTER REFERRED TO AS THE “DELISTING REGULATIONS”). THIS INITIAL PUBLIC ANNOUNCEMENT (“IPA” OR “INITIAL PUBLIC ANNOUNCEMENT”) IS BEING ISSUED BY SAFFRON CAPITAL ADVISORS PRIVATE LIMITED (“MANAGER TO THE OFFER”) FOR AND ON BEHALF OF THE ACQUIRERS AND PAC. THE ACQUIRERS AND PAC ARE EXPRESSING THEIR INTENTION TO: (A) ACQUIRE ALL THE EQUITY SHARES (AS DEFINED BELOW) THAT ARE HELD BY Initial Public Announcement dated June 29, 2026, issued to the Public Shareholders of Jindal Photo Limited PUBLIC SHAREHOLDERS, AND (B) CONSEQUENTLY VOLUNTARILY DELIST THE EQUITY SHARES FROM BSE LIMITED (“BSE”) AND NATIONAL STOCK EXCHANGE OF INDIA LIMITED (“NSE”) (COLLECTIVELY REFERRED TO AS “STOCK EXCHANGES”) WHERE THE EQUITY SHARES OF THE TARGET COMPANY ARE PRESENTLY LISTED), BY MAKING A DELISTING OFFER IN ACCORDANCE WITH THE DELISTING REGULATIONS (AS DEFINED BELOW) (COLLECTIVELY AS THE “DELISTING PROPOSAL” / “DELISTING OFFER”). For the purpose of this Initial Public Announcement, the following terms have the meanings assigned to them below: a) “Acquirers” shall mean Concatenate Power Advest Private Limited and Concatenate Advest Advisory Private Limited; b) “Board” shall mean the board of directors of the Target Company; c) “Delisting Regulations” shall mean the SEBI (Delisting of Equity Shares) Regulations, 2021, as amended; d) “Equity Shares” shall mean fully paid-up equity shares of the Target Company, each having a face value ofX 10/- each. e) “Paid-up Equity Share Capital” means paid up Equity Share Capital of the Target Company i.e., X 10,25,83,260 divided into 1,02,58,326 Equity Shares off ace value of I10/- each; f) “Person Acting in Concert” as defined under Regulation 2(1)(q) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, herein specifically referred to as Jindal India Power Limited. g) “Promoters” shall mean promoters of the Target Company i.e., Mr. Shyam Sunder Jindal holding Nil Equity Shares and Futuristic Trust (Trustees Mr. Shyam Sunder Jindal and Mrs. Subhadra Jindal) holding 1,04,981 Equity Shares representing 1.02% of the total issued Equity Shares of the Target Company; h) “Promoter Group” shall mean the members of the Promoter and Promoter Group of the Target Company as defined under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended; i) “Public Shareholders” shall mean the public shareholders of the Target Company as defined under Regulation 2(1)(t) of the Delisting Regulations; j) “SEBI” shall mean the Securities and Exchange Board ofI ndia. Initial Public Announcement dated June 29, 2026, issued to the Public Shareholders of Jindal Photo Limited k) “Stock Exchanges” shall mean the stock exchanges where the Equity Shares of the Target Company are presently listed i.e., BSE Limited and National Stock Exchange of India Limited; 1) “Target Company” shall mean Jindal Photo Limited. 1. Details of the Delisting Proposal: a. As on date, Acquirer 1 and Acquirer 2 are the members of the Promoter Group of the Target Company and the Acquirer 2 is holding Nil Equity Shares in the Target Company. Further, Acquirer 1 holds 75,07,162 (Seventy-Five Lakh Seven Thousand One Hundred and Sixty- Two) Equity Shares having a face value of X 10/- each representing 73.18% of the total issued Equity Share Capital of the Target Company. The Promoter and Promoter Group of the Target Company collectively hold 76,12,143 (Seventy-Six Lakh Twelve Thousand One Hundred and Forty-Three) Equity Shares representing 74.20% of the total issued Equity Share Capital of the Target Company. b. Jindal India Power Limited is classified as PAC along with the Acquirers having a common intention and objective of Delisting of Equity Shares of the Target Company in accordance with Regulation 2(1)(q) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Further, Jindal India Power Limited does not hold any Equity Shares in the Target Company. c. The Target Company, the Acquirers and the PAC collectively belong to the “B.C. Jindal Group”. d. The Acquirers and PAC have decided to make this Delisting Proposal under the prevailing Delisting Regul [Showing first 8,000 characters — download PDF for full document]