JTL Defence Plans Up to ₹100 Cr Fundraise via QIP/Preferential Issue

JTL Defence Ltd announced that its 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 formation of a Fund Raising Committee and a Sub-Committee of the Board. Additionally, the Board resolved to shift the company's registered office from Delhi to Himachal Pradesh, subject to shareholder and regulatory approvals. An Extraordinary General Meeting (EGM) will be convened to seek member approval for these decisions.