Delisting16 Jul 2026, 10:00 pm
Jindal Photo Ltd Board Approves Delisting Proposal
AI Summary
Jindal Photo Ltd's Board of Directors met on July 16, 2026, to discuss and approve the delisting proposal. The board took on record the Due-Diligence Report and the Reconciliation of Share Capital Audit Report. They also noted the floor price of ₹1,119.50 and indicative price of ₹1120 per equity share for the delisting offer, as communicated by the Manager to the Offer. The delisting proposal, subject to shareholder approval, was approved in accordance with SEBI Delisting Regulations. The company will seek shareholder consent via postal ballot, with July 10, 2026, set as the cut-off date for the postal ballot notice.
Key Highlights
- Board approved delisting proposal subject to shareholder approval.
- Floor price set at ₹1,119.50 and indicative price at ₹1120 per share.
- Shareholder approval to be sought via postal ballot.
- Cut-off date for postal ballot notice is July 10, 2026.
- Company certified compliance with SEBI Delisting Regulations.
Price Impact
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