JTL Defence Plans ₹100 Cr Fundraise via QIP/FPO/Rights Issue

JTL Defence's Board of Directors has approved a plan to raise up to ₹100 Crores through various modes including Qualified Institutions Placement (QIP), Preferential Issue, Further Public Offer (FPO), or Rights Issue. The company also approved the shifting of its registered office from Delhi to Himachal Pradesh, subject to shareholder and regulatory approvals. A Fund Raising Committee and a Sub-Committee have been constituted to oversee these processes. An Extraordinary General Meeting (EGM) will be convened to seek shareholder consent.