Jindal Photo Limited — Others, 09-07-2025: Shareholders meeting

Jindal Photo Limited has announced a board meeting on July 25, 2025, to consider the financial results for the quarter and half-year. The company operates as a Core Investment Company, primarily holding strategic investments in group companies within the power sector. For FY 2024-25, standalone operations reported a loss of Rs. 274 lakhs on total income of Rs. 247 lakhs, mainly from fair value changes in investments. Consolidated profit after tax stood robust at Rs. 22594 lakhs, driven by associates and joint ventures. The holding percentage in associate Jindal India Powertech Ltd changed from 47.54% to 20.11% post-conversion of preference shares. The company has waived interest on a loan to its joint venture, Mandakini Coal Co. Ltd (MCCL), which faces pending compensation claims and legal proceedings, with related recoverable amount maintained on the books. No dividend has been recommended for the year. The Board approved the re-appointment of Mr. Prakash Matai as Director liable to retire by rotation and Mr. Suresh Chander Sharma as Independent Director for a second term. M/s Pragnya Pradhan & Associates have been appointed as Secretarial Auditors for five years. The corporate governance framework remains robust with full compliance and active risk management. The company continues to maintain modest staffing and provides services mainly through investments and consultancy.