Consolidated Finvest & Holdings to Voluntarily Delist Shares from NSE

Consolidated Finvest & Holdings Limited (Target Company) has received an Initial Public Announcement (IPA) dated September 03, 2026, from Saffron Capital Advisors Private Limited, the Manager to the Offer. This announcement, made on behalf of Concatenate Advest Advisory Private Limited (Acquirer) and Jindal India Powertech Limited (Person Acting in Concert - PAC), both part of the promoter group, expresses their intention to voluntarily delist the equity shares of the Target Company from the National Stock Exchange of India Limited (NSE).

The delisting proposal aims to acquire all equity shares held by public shareholders and consequently delist the shares from the NSE. The rationale behind this move includes obtaining full ownership for enhanced operational flexibility, saving compliance costs, and providing an exit opportunity to public shareholders.

The Acquirer currently holds 69.40% of the total issued equity share capital, and the Promoter and Promoter Group collectively hold 74.89%. The delisting proposal is subject to several conditions, including due diligence by a Company Secretary, approval from the Target Company's Board and shareholders (by special resolution), and necessary regulatory approvals from the Stock Exchange. The floor price and discovered price for the delisting offer will be determined in accordance with the SEBI (Delisting of Equity Shares) Regulations, 2021, through a reverse book building process. The Acquirer and PAC have confirmed firm financial arrangements for fulfilling payment obligations.