Delisting13 Jul 2026, 03:18 pm
Jindal Photo Ltd Board to Consider Delisting Proposal on July 16
AI Summary
Jindal Photo Ltd has announced that its Board of Directors will convene on July 16, 2026, to consider and approve a delisting proposal. This proposal stems from an Initial Public Announcement made on June 29, 2026, by Saffron Capital Advisors Private Limited, acting as the Manager to the Offer. The delisting aims to acquire all equity shares held by public shareholders and subsequently delist the company's shares from BSE and NSE. The board meeting agenda includes reviewing the Due Diligence Report, Share Capital Audit Report, and the Floor Price/Indicative Offer Price based on a Registered Valuer Report. A scrutinizer for the postal ballot process will also be considered.
Key Highlights
- Board meeting scheduled for July 16, 2026, to discuss delisting.
- Proposal to acquire public shares and delist from BSE and NSE.
- Review of due diligence, share audit, and valuation reports planned.
- Postal ballot process to be considered for shareholder approval.
- Trading window closed from July 13, 2026, for delisting purposes.
Price Impact
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