Saffron Capital Advisors Pvt. Ltd ("Manager to the Delisting Offer") has submitted to BSE a copy of Post-Offer Public Announcement for the attention of the Equity Shareholders of Jindal Photo Ltd ("Target Company").

Saffron Capital Advisors Private Limited 304, A Wing, 215 Atrium, M V Road, Chakala, Andheri East, Mumbai-400093 Tel.: +91-22-49730394 Email: info@saffronadvisor.com Website: www.saffronadvisor.com CIN No.: U67120MH2007PTC166711 November 10, 2026 Listing Department, The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot No. C-1 Block — G, Dalal Street Mumbai- 400001 Bandra-Kurla Complex Bandra (East), Mumbai —400051 Dear Sir/Madam, Sub: Submission of Post Offer Public Announcement (“Post Offer PA”) for Success of Delisting Offer of Equity Shares of Jindal Photo Limited from BSE Limited and National Stock Exchange of India Limited in terms of SEBI (Delisting of Equity Shares) Regulations, 2021 ("Delisting Regulations"). 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”). Saffron Capital Advisors Private Limited, as the Manager to the Offer, had issued an Initial Public Announcement dated June 29, 2026, (“IPA”) and published the Detailed Public Announcement on October 22, 2026 (“DPA”). A copy of the Letter of Offer (including Bid Form) (“LOF”) dated October 22, 2026 was dispatched to the Public Shareholder on or before October 24, 2026. The bidding period for reverse book building period was Monday, November 02, 2026 to Friday, November 06, 2026 (both days inclusive). The outcome of the reverse book building was announced in terms of Regulation 17(3) of the Delisting Regulations on Friday, November 06, 2026. We hereby wish to inform you that in the Reverse Book Building Process (RBBP), the minimum number of shares are tendered/offered as provided under clause (a) of Regulation 21 of Delisting Regulations and the post Delisting Offer, shareholding of the Acquirers and PAC along with Promoter and Promoter Group have exceeded 90% of total issued number of equity shares (excluding shares held by inactive shareholders), therefore the offer is successful. We are enclosing herewith the copy of the Post Offer PA dated November 09, 2026 for the Delisting Offer, published today i.e. November 10, 2026, in following newspapers: Newspaper Language Editions Financial Express English All Editions Jansatta Hindi All Editions Pratahkal Marathi Mumbai Edition We request you to kindly disseminate the Post Offer PA on your website at the earliest. Capitalised terms used in this letter unless defined herein shall have the same meanings as ascribed to them in the enclosed Post Offer PA. Registered Office: 605, Sixth Floor, Centre Point, J B Nagar, Andheri East, Mumbai-400059/SEBI Registration No: INM000011211 Saffron Capital Advisors Private Limited 304, A Wing, 215 Atrium, M V Road, Chakala, Andheri East, Mumbai-400093 Tel.: +91-22-49730394 Email: info@saffronadvisor.com Website: www.saffronadvisor.com CIN No.: U67120MH2007PTC166711 In case you require any information or clarification the under-signed may be contacted: Contact Person Telephone Email Pooja Jain / Yashi Srivastava +91 22 4973 0394 delistings@saffronadvisor.com Thanking you, Yours sincerely, For Saffron Capital Advisors Private Limited Yashi Srivastava Manager Equity Capital Markets Registered Office: 605, Sixth Floor, Centre Point, J B Nagar, Andheri East, Mumbai-400059/SEBI Registration No: INM000011211 www. pratahkal.com