Allotment of Equity Shares of the Company to M/s. JTL Industries Limited, Successful Resolution Applicant in consideration of funds infused by them in the Company in terms of Resolution ....
Awaiting price reaction for this filing.
JTL Defence Ltd (Scrip Code: 537254) has implemented its NCLT-approved Resolution Plan dated 9th October 2025. The Board has cancelled and extinguished the entire existing promoter shareholding (68.28%) and reduced public shareholding to just 5% of the post-resolution capital. Separately, 1 crore (1,00,00,000) fresh equity shares of face value INR 10 each — worth INR 10 crore in total — have been allotted at par to JTL Industries Limited, the successful resolution applicant, which now holds 95% of the company as the new promoter. The registered office has also been shifted within New Delhi. This effectively marks a complete change of control and fresh start for the company following its corporate insolvency resolution process (CIRP).
For existing shareholders, this is a near-total wipeout — they retain only 5% of the restructured equity. Going forward, JTL Industries Limited will be the dominant 95% owner, which means minority public shareholders have very limited influence. Retail investors should note that the stock now reflects a fundamentally different, restructured company under new promoters.