Submission of Recommendations of the Committee of Independent Directors ('IDC') under Regulation 28 of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, as amended ('SEBI Delisting Regulations') for the delisting of the Equity Shares of Jindal Photo Limited ('Company').

JINDAL PHOTO LIMITED JPL/SECT/OCT26/080 October 24, 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, Block – G, Bandra-Kurla Complex Dalal Street Bandra (East), Mumbai –400051. Mumbai – 400001. Scrip Symbol: JINDALPHOT BSE Scrip Code: 532624 Subject: Submission of Recommendations of the Committee of Independent Directors (“IDC”) under Regulation 28 of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, as amended (“SEBI Delisting Regulations”) for the delisting of the Equity Shares of Jindal Photo Limited (“Company”). Dear Sir/Madam, Concatenate Power Advest Private Limited (“Acquirer 1”) and Concatenate Advest Advisory Private Limited (“Acquirer 2”), being part of promoter group of the Target Company and Jindal India Power Limited as person acting in concert (“PAC”) of Jindal Photo Limited (“Company”) have expressed their intention to (a) acquire all the equity shares of a face value of ₹ 10/- (Rupees Ten only) of the Company ("Equity Shares"), that are held by Public Shareholders; and (b) consequently voluntarily delist the Equity Shares of the Company from BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”), the stock exchanges where the equity shares of the Target Company are presently listed, by making a delisting offer in accordance with the SEBI Delisting Regulations, 2021 (“Delisting Proposal”). This is to inform you that, pursuant to Regulation 28 of SEBI Delisting Regulations, the IDC of the Company at their meeting held on October 23, 2026, have provided their reasoned recommendations in the prescribed format for the proposed voluntary Delisting Offer. Further, the aforesaid Recommendation of IDC dated October 23, 2026, has been published today i.e. October 24, 2026, in the following newspapers, i.e. the same newspapers in which the Detailed Public Announcement of the offer for delisting of Equity Shares was published: Newspapers Language Editions Financial Express English All Editions Jansatta Hindi All Editions Pratahkal Marathi Mumbai Edition A copy of the same is also enclosed herewith. The aforesaid intimation is also available on the Company's website under the Investors section http://jindalphoto.com This is for your information and record. Thanking you, Yours Faithfully, For Jindal Photo Limited Manish Kumar Company Secretary & Compliance Officer M. No. F7990 Encl: m/a Head Office: Plot No. 12, Local Shopping Complex, Sector B-1, Vasant Kunj, New Delhi-110 070, Ph.: 011-40322100 Regd. Office: 19th K.M. Hapur- Bulandshahr Road, P.O. Gulaothi, Distt. Bulandshahr, Uttar Pradesh-203408. CIN: L33209UP2004PLC095076, E-mail: cs_jphoto@jindalgroup.com, Website: www.jindalphoto.com www. pratahkal.com िुंबई(cid:15) लद. २(cid:228) मि(cid:346)वाचिी व(cid:185)हश(cid:273)(cid:448)ले ठरली