JTL Defence disburses net proceeds from fractional share sale

JTL Defence Limited (formerly RCI Industries & Technologies Limited) has completed the disbursement of net proceeds from the sale of fractional shares. These fractional shares arose from a reduction in paid-up share capital as per an approved resolution plan by the Hon'ble National Company Law Tribunal (NCLT) on October 9, 2025. The fractional entitlements were consolidated, sold in the open market, and the net proceeds have been credited to the bank accounts of eligible shareholders. This action is in full compliance with the NCLT's order, the Insolvency and Bankruptcy Code, 2016, and the Companies Act, 2013. Shareholders with incomplete bank details will be contacted by the company or its RTA to update their information.