JINDALPHOT : VOLUNTARY DELISTING OFFER WORTH RS 296.37 CR AT ₹1,120/SHARE

• Acquirers Concatenate Power Advest and Concatenate Advest Advisory, with PAC Jindal India Power, to buy 26,46,183 shares or 25.80% public stake • Floor price ₹1,119.50/share; indicative price ₹1,120/share; escrow amount of ~₹296.37 Cr already deposited in cash with HDFC Bank • Bid window opens November 2, 2026 and closes November 6, 2026; upward revision or withdrawal allowed till November 5, 2026 • Promoter and promoter group currently hold 74.20%; BSE and NSE in-principle approvals received October 21, 2026 • Public shareholders approved delisting via special resolution on August 18, 2026 with 14,50,416 votes in favour against 9,281 • No fresh listing for 3 years from the date of delisting Impact: Neutral (Cash-backed exit at ₹1,120 indicative price, but final price depends on reverse book building discovered price)

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