Jindal Photo delisting vote: floor price ₹1,119.50

What is driving attention on JINDALPHOT

Jindal Photo Limited (JINDALPHOT) is in focus after the company initiated a shareholder approval process for a voluntary delisting proposal. The company has communicated postal ballot related updates to the stock exchange, including dispatch and newspaper publication. The delisting process is being run under SEBI Delisting Regulations and requires shareholder approval.

The stock data also shows active price tracking around the announcement period. Jindal Photo’s share price as on 17 August 2026 was reported at ₹1,059.10, while another live quote in the same context showed ₹1,061.10. The stock was also shown at ₹1,057.70 with a change of -₹16.50 (-1.54%).

Company profile and business lines

Jindal Photo Limited is described as a manufacturer of photographic and medical products. It engages in the manufacturing, production, sale, and distribution of photographic products. The company is also involved in holding strategic investments in securities of group companies and providing management consultancy.

The company was founded in 1986 and is headquartered in New Delhi, India. The listed address provided is Plot No. 12, Sector B 1, Local Shopping Complex, Vasant Kunj, New Delhi, Delhi 110070. The industry tag shown is “Leisure Goods”, alongside the company’s business description.

Postal ballot and delisting: what the company has disclosed

Exchange filings referenced in the provided information include “Intimation of Postal Ballot Notice for Voluntary Delisting” and an “Announcement under Regulation 30 (LODR) - Newspaper Publication.” Another update notes completion of dispatch of the Notice of Postal Ballot and publication of a newspaper advertisement.

As per the details, Jindal Photo Limited completed the dispatch of postal ballot notices for its voluntary delisting proposal to shareholders as of July 17, 2026. The dispatch included the Notice of Postal Ballot dated July 17, 2026, along with the explanatory statement and postal ballot forms to physical shareholders. The company also identified service providers and a scrutinizer for the voting process.

Delisting price terms: floor price and indicative price

The delisting proposal disclosed a floor price of ₹1,119.50 per equity share. The indicative offer price mentioned was ₹1,120 per share. These numbers are central to the delisting process because they serve as reference points for the offer, while the final exit price in such processes depends on the regulatory mechanism and shareholder participation.

The board approval was communicated as having been granted subject to shareholder approval in accordance with SEBI Delisting Regulations. The company also stated that the board considered and approved the delisting proposal after discussion and taking into account various factors, as per the intimation about the board meeting scheduled on 16/07/2026.

Voting window and key process milestones

The remote e-voting schedule was clearly laid out. E-voting was scheduled to start on July 20, 2026 at 9:00 A.M. IST and end on August 18, 2026 at 5:00 P.M. IST. The result declaration was scheduled on or before August 20, 2026.

Ms. Pragnya Parimita Pradhan was appointed as the scrutinizer for the postal ballot process. MUFG Intime India Private Limited was named as the provider of remote e-voting services. The board also appointed M/s Bhumika & Co to conduct due diligence for the voluntary delisting of equity shares from BSE and NSE.

Stock price and market metrics mentioned alongside the delisting updates

The information includes multiple snapshots of Jindal Photo’s trading and basic valuation metrics around July and August 2026. As on 17 August 2026, the share price was stated as ₹1,059.10. The market capitalisation was stated as ₹1,091.59 crore on the same date.

Another snapshot cited Jindal Photo share price as ₹1,061 as on 31 July 2026 (21:40), with market cap of ₹1,088.5 crore at that time. The P/E (price-to-earnings) ratio was provided as -47.90, and the P/B (price-to-book) ratio was 1.06.

The price action also included intraday levels: Jindal Photo share price “today” was stated as ₹1,058.7, with a day high of ₹1,090 and a low of ₹1,051 (date not specified in the provided text). Separately, it was stated that shares ended at ₹1,130.45, down by ₹28.30 (2.44%) on the BSE.

Key facts table

Timeline of the delisting-related disclosures

Market impact: what can be concluded from the disclosed numbers

The disclosed floor price of ₹1,119.50 and indicative price of ₹1,120 provide a clear reference point against the trading prices cited in the same context, such as ₹1,059.10 (as on 17 August 2026) and ₹1,061.10 (live price shown). The market cap figures cited were ₹1,091.59 crore (as on 17 August 2026) and ₹1,088.5 crore (as on 31 July 2026). These are the only market value indicators explicitly provided.

The valuation metrics cited include a negative P/E of -47.90 and P/B of 1.06. A negative P/E is typically associated with negative earnings, but the underlying profit or loss number is not provided in the text and is therefore not inferred here. The stock move shown as -₹16.50 (-1.54%) at ₹1,057.70 and the separate close of ₹1,130.45 (-2.44%) indicate volatility across the period referenced.

Other disclosed corporate schedule

Beyond the delisting-related announcements, the provided information also mentions a board meeting scheduled on February 13, 2026. The purpose was to consider Q3FY26 standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025.

Conclusion

Jindal Photo’s voluntary delisting proposal has moved into a shareholder decision phase through a postal ballot, with remote e-voting open from July 20 to August 18, 2026. The company has disclosed a floor price of ₹1,119.50 and an indicative price of ₹1,120, alongside process details such as the scrutinizer, e-voting provider, and due diligence firm. The next defined milestone in the disclosed schedule is the result declaration on or before August 20, 2026.