Jindal Poly Investment and Finance Company Limited (JPOLYINVST) has received an intimation regarding the implementation of a Scheme of Arrangement by way of demerger, involving Jindal India Powertech Limited (Demerged Company) and Jindal India Power Limited (Resulting Company).

As per the scheme, a portion of JPOLYINVST's investment in 0% Redeemable Preference Shares of Jindal India Powertech Limited has been cancelled. Specifically, 23,25,350 Series-I shares and 8,53,100 Series-II shares, each with a face value of ₹10, were cancelled.

Subsequently, Jindal India Power Limited has issued and allotted an equal number of Series-I and Series-II 0% Redeemable Preference Shares to JPOLYINVST, on the same terms and conditions as originally issued by the Demerged Company. Furthermore, based on the shareholding in the demerged company and in accordance with the Scheme, the Resulting Company has allotted 10,38,68,513 equity shares of face value ₹10 each to JPOLYINVST. These equity shares rank pari passu with existing equity shares in all respects, including dividend and voting rights.

These actions are a consequence of the Scheme of Arrangement sanctioned by the Hon’ble NCLT and made effective on December 11, 2025.