JTL Defence

JTL Defence's board approved a rights issue of fully paid-up equity shares of face value ₹10 to raise up to ₹24.60 crore from eligible public-category shareholders to achieve minimum public shareholding. The price, entitlement ratio, record date and payment terms were delegated to a three-member Rights Issue Committee chaired by Pranav Singla and were to be set out in the letter of offer. The board recorded the cessation of Company Secretary Ankit Singla and Chief Financial Officer Naveen Kumar Laroiya with effect from the close of business on 13 October 2026 and appointed Devangna Jain as Company Secretary and Saurabh Jain as Chief Financial Officer with immediate effect. JTL Industries held 95% of the company with 1,00,00,000 shares while the public held 5,26,315 shares, and paid-up capital stood at ₹10.53 crore. The rights proposal followed a broader enabling approval in June for an equity raise of up to ₹100 crore through various modes. Revenue for the year to March was ₹19.29 crore, largely from brass strips and foils made at the Baddi plant in Himachal Pradesh, and total volumes reached an all-time high of 356 tonnes in the September quarter.

Powered by Tijori

JTL Defence's board approved a rights issue of fully paid-up equity shares aggregating up to Rs24.60 crore to public shareholders to achieve minimum public shareholding, with the issue price, entitlement ratio, record date and timing to be decided by a three-member Rights Issue Committee. The board recorded the resignations of Company Secretary Ankit Singla and Chief Financial Officer Naveen Kumar Laroiya with effect from 13 October and appointed Devangna Jain as company secretary and Saurabh Jain as chief financial officer with immediate effect. The rights proposal followed a June approval for an equity raise of up to Rs100 crore through qualified institutions placement, preferential allotment, follow-on offer or rights in tranches. JTL Industries held 95% of the company with 5% held by the public, and the Baddi plant generated gross revenue of Rs19.29 crore in FY26. Total volumes reached an all-time high of 356 tonnes in the September quarter, comprising 205 tonnes of sales and 151 tonnes of job work.

Powered by Tijori

June 3 (Reuters) - JTL Defence Ltd JTLD.BO:

• JTL DEFENCE - TO ISSUE SECURITIES UPTO 1 BILLION RUPEES VIA QIP, OTHER MODES

Source text: ID:nBSEbNHBD8

Further company coverage: JTLD.BO

(([email protected];))

Jan 6 (Reuters) - RCI Industries & Technologies Ltd RCII.BO:

• RCI INDUSTRIES & TECHNOLOGIES LTD - APPOINTS NAVEEN KUMAR LAROIYA AS CFO

Source text: ID:nBSE2WTzq6

Further company coverage: RCII.BO

(([email protected];))