JTL Defence Limited to List Equity Shares Following Resolution Plan Approval
JTL Defence Limited, a subsidiary of JTL Industries Ltd., has received trading approval for its equity shares. The company's securities, which were formerly known as RCI Industries & Technologies Limited, will be listed and admitted to dealings on the Exchange under the XT Group.The listing of the equity shares is set to commence on Monday, April 27, 2026. The approval was received from the BSE Limited for 1,05,26,315 equity shares, each having a face value of Rs. 10.
The notice indicates that the shares will be available for trading in the XT group and will continue to operate in the Trade-to-Trade segment.
Capital Restructuring Details
The company's capital structure reflects the approved Resolution Plan under the Insolvency and Bankruptcy Code, 2016. The Resolution Plan was approved by the Hon'ble NCLT on October 09, 2025.The restructuring process involved the cancellation and extinguishment of existing paid-up equity share capital held by several groups, including:
- Promoters and members of the Promoter Group
- Associate companies and subsidiaries
- Family members of the Promoters and Promoter Group (not covered under the Promoter Group definition)
- Trusts managed by the Promoters and Promoter Group
- Directors and relatives of Directors
- Key Managerial Personnel (KMPs) of the Company
- Public shareholders representing a nominating member on the Board.
Furthermore, the existing public equity share capital was reduced to 5% of the fully diluted equity share capital, with the balance shares being cancelled. A total of 1,00,00,000 Equity Shares of Rs. 10/- each were allotted on a preferential basis to the Successful Resolution Applicant.
The changes to the company's share capital are detailed below:
| Metric | Pre-Restructuring Capital | Post-Restructuring Capital |
|---|---|---|
| Total Issued, Subscribed, and Paid-up Capital | Rs. 15,67,64,150/- | Rs. 10,52,63,150/- |
| Total Equity Shares | 1,56,76,415 Equity Shares | 1,05,26,315 Equity Shares |
| Face Value per Share | Rs. 10/- | Rs. 10/- |
The total paid-up share capital of the company was consequently adjusted from Rs. 15,67,64,150/- divided into 1,56,76,415 Equity Shares to Rs. 10,52,63,150/- divided into 1,05,26,315 Equity Shares.
JTLIND Stock Price Movement
As of 10:54 AM, shares of JTL INDUSTRIES LIMITED are edging higher, rallying 1.96% today and currently trading at ₹77.66. Trading remains robust, with the stock experiencing a volume of 2.90 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.