
Board Meeting14 Oct 2026, 07:10 pm
JTL Defence Ltd: Board Approves Rights Issue Up to ₹2460 Lakhs
AI Summary
JTL Defence Limited's Board of Directors met on October 14, 2026, approving a Rights Issue of fully paid-up equity shares to raise up to ₹2,460 Lakhs (₹24.60 Crore). The issue aims to achieve minimum public shareholding. The board also accepted the resignations of Mr. Ankit Singla (Company Secretary) and Mr. Naveen Kumar Laroiya (CFO), and appointed Ms. Devangna Jain as the new Company Secretary and Mr. Saurabh Jain as the new CFO, both effective immediately. A Rights Issue Committee has been formed to manage the specifics of the fundraising.
Key Highlights
- Board approved a Rights Issue to raise up to ₹2,460 Lakhs (₹24.60 Crore).
- The Rights Issue aims to achieve minimum public shareholding.
- Cessation of Company Secretary and CFO accepted.
- New Company Secretary and CFO appointed.
- A Rights Issue Committee has been formed.
Price Impact
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