Delisting16 Jul 2026, 08:21 pm
Jindal Photo Board Approves Delisting Proposal
AI Summary
Jindal Photo Ltd's Board of Directors met on July 16, 2026, and approved the company's delisting proposal, subject to shareholder approval. The board took on record the Due-Diligence Report and Reconciliation of Share Capital Audit Report. The floor price for the delisting offer has been set at ₹1,119.50 per share, with an indicative price of ₹1120 per share. The company will seek shareholder approval via postal ballot. MUFG Intime Private Limited has been appointed as the Registrar and Transfer Agent for e-voting services.
Key Highlights
- Board approved delisting proposal, pending shareholder consent.
- Floor price set at ₹1,119.50 and indicative price at ₹1120 per share.
- Due-Diligence and Share Capital Audit reports were taken on record.
- Shareholder approval to be sought via postal ballot.
- MUFG Intime appointed for e-voting services.
Price Impact
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