Disclosure of NCLT Hearing dated 15.07.2025.
Awaiting price reaction for this filing.
JTL Defence Ltd has disclosed an update regarding NCLT proceedings related to RCI Industries & Technologies Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP). A Resolution Professional (Brijesh Singh Bhadauriya) has been appointed and is managing the insolvency process. The matter was listed before NCLT New Delhi Bench-III on 15th July 2025, but could not be taken up due to a member being on leave, and has been adjourned to 20th August 2025. This is a procedural status update with no new substantive order passed at the 15th July hearing.
This is a routine procedural update during ongoing insolvency proceedings for RCI Industries. No immediate material impact on JTL Defence Ltd's shareholders from this specific update, but investors should monitor the 20th August 2025 hearing for any resolution plan approval or liquidation order, which could indirectly affect related-party exposures.