Saffron Capital Advisors Pvt. Ltd (\Manager to the Offer\) has informed BSE that :
\This is in continuation to our letter dated June 29, 2026 wherein we had intimated intention of Concatenate Power Advest Private Limited (\Acquirer 1\) and Concatenate Advest Advisory Private Limited (\Acquirer 2\), being part of promoter group of the Target Company and Jindal India Power Limited as person acting in concert (\PAC\) to voluntarily delist the Equity Shares of the Target Company in accordance with Regulation 8 of the Delisting Regulations as amended, expressing the their intention to (a) acquire all the Equity Shares that are held by public shareholders, and (b) consequently voluntarily delist the Equity Shares from BSE limited (\BSE\) and National Stock Exchange of India Limited (\NSE\) (collectively referred to as the \Stock Exchanges\), where the equity shares of the Target Company are presently listed, by making a delisting offer in accordance with the Delisting Regulations.
We further wish to inform you that the Acquirer 2 on behalf of and along with Acquirer 1 and PAC had appointed ICON Valuation LLP, (IBBI Registration No. IBBI/RV-E/06/2019/107), (\Registered Valuer\) to determine the floor price of the Equity Shares of the Target Company for the Delisting Proposal. In this regard, the Registered Valuer has provided valuation report dated July 16, 2026 signed by Mr. Aseem Mankodi, Partner (IBBI Registration No. IBBI/RV/06/2018/10154) determining the floor price of Equity Shares of the Target Company as Rs. 1,119.50/- (Rupees One Thousand One Hundred Nineteen and Fifty Paise only) per Equity Share in accordance with Regulation 19A of the Delisting Regulations (\Floor Price\).
Further, on the basis of the said report, the Acquirers and PAC have decided that Rs. 1,120/- (Rupees One Thousand One Hundred Twenty only) shall be the Indicative Offer Price for the purpose of Delisting Proposal.\