Intimation for third meeting of Monitoring Committee
Awaiting price reaction for this filing.
JTL Defence Ltd (formerly RCI Industries & Technologies Limited) informed the stock exchange about the 3rd meeting of its Monitoring Committee held on November 14, 2025 at 10:30 AM. The meeting was convened under the Insolvency and Bankruptcy Code, 2016, following an NCLT-approved Resolution Plan from October 9, 2025. Key agenda items included reviewing a proposal from JTL Industries Limited (the Successful Resolution Applicant) and discussing the implementation timeline of the Resolution Plan, including the payment schedule. This is part of the ongoing corporate insolvency resolution process being monitored under SEBI disclosure rules.
This indicates the company is in the post-resolution implementation phase of its IBC process. Shareholders should track whether JTL Industries Limited's proposal is accepted and whether the payment schedule is met, as these developments could affect the stock price and the company's revival prospects.