JTL Defence Plans ₹24.6 Crore Rights Issue

JTL Defence Limited's Board of Directors has approved a Rights Issue to raise up to INR 2,460 Lakhs (₹24.6 Crore) by issuing equity shares. The funds will be used to achieve minimum public shareholding. The Board also noted the cessation of Mr. Ankit Singla as Company Secretary and Compliance Officer and Mr. Naveen Kumar Laroiya as CFO. Ms. Devangna Jain has been appointed as the new Company Secretary and Compliance Officer, and Mr. Saurabh Jain as the new CFO, both with immediate effect. A Rights Issue Committee has been formed to oversee the process, with detailed terms to be announced later.