JTL Defence Limited to List Equity Shares on BSE under 'Trade-to-Trade' Segment
JTL Defence Limited, formerly RCI Industries & Technologies Limited, is set to list its equity shares on the BSE Limited under the XT Group. The shares are admitted to dealings in the 'Trade-to-Trade' segment, effective from April 27, 2026.The designated trading symbol allotted by BSE for the company is 'JTLDEFENCE'.
Separately, the company announced the outcome of its Resolution Plan approved by the Hon'ble NCLT order dated October 09, 2025, of the New Delhi Bench. This plan involved significant restructuring of the existing share capital.
The Resolution Plan dictated the cancellation and extinguishment of the entire existing issued, subscribed, and paid-up equity share capital held by several categories of shareholders, including Promoters, associate companies and subsidiaries, family members of the Promoters, trusts managed by the Promoters, Directors, relatives of Directors, Key Managerial Personnel (KMPs), and public shareholders representing a nominating member.
For the remaining public equity shareholders (non-promoter public shareholders), the plan reduced their existing issued, subscribed, and paid-up equity share capital to 5% of the fully diluted equity share capital, with the balance being cancelled and extinguished.
Crucially, the plan allocated 1,00,00,000 Equity Shares of Rs. 10/- each to the Successful Resolution Applicant on a preferential basis.
Following these resolutions, the company's issued, subscribed, and paid-up share capital was revised. The total capital was adjusted from Rs. 15,67,64,150/- (1,56,76,415 Equity Shares of the Face Value of Rs.10/- each) to Rs. 10,52,63,150/- (1,05,26,315 Equity Shares of the Face Value of Rs.10/- each).
The key details regarding the allotted securities are as follows:
| Category | Shares Allotted/Structure |
|---|---|
| Total Paid-Up Capital | Rs. 10,52,63,150/- |
| Total Shares Outstanding | 1,05,26,315 Equity Shares |
| Shares on Preferential Basis | 1,00,00,000 Equity Shares of Rs. 10/- each |
| Shares Post Capital Reduction | 5,26,315 Equity Shares of Rs. 10/- each |
| Scrip Code | 537254 |
| Face Value | Rs. 10/- each fully paid up |
Stock Price Movement
JTL Defence Ltd shares settled at ₹6.81 on Monday, registering a neutral performance with zero change. The stock remained locked all day, trading completely flat between its high and low of ₹6.81.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.
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