Intimation regarding public announcement for publication of Form G for inviting expression of interest from Prospective Resolution Applicants in the following newspapers on 09.08.2025: 1. ....
Awaiting price reaction for this filing.
JCT Ltd, currently under Corporate Insolvency Resolution Process (CIRP), has published Form G on 09.08.2025 in Business Standard, Jansatta, and Desh Sevak newspapers to invite Expression of Interest (EOI) from prospective buyers/resolution applicants. The Committee of Creditors approved this step in its 2nd meeting held on 06.08.2025. Key dates include: last date for EOI submission on 25.08.2025, provisional list on 03.09.2025, final list on 18.09.2025, and last date for resolution plans on 28.10.2025. JCT is a filament yarn and composite textile manufacturer with plants at Phagwara and Hoshiarpur, approximately 3,975 employees, and FY23 revenue from operations of Rs. 63,887.55 lakhs. The process is being managed by Deemed Resolution Professional Hasti Mal Kachhara.
Existing shareholders are likely to face significant dilution or write-down as the company moves toward resolution. The EOI process signals that potential buyers are being sought to revive or acquire the company's textile business, and the outcome of resolution plans submitted by 28.10.2025 will determine the future equity structure and viability of the stock.