JTL Industries acquires 95% stake in RCI Industries via NCLT resolution plan

Nclt Resolution ApprovedRegulatory & Legal View source PDF Explain this filing

JTLIND · price

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Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹61.94

prior close

₹62.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-1.7% vs market

Iron & Steel Products peers, median of 90sector+0.3%-1.7% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.7 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-1.4+0.3-1.7+0.3-1.7

Next day

-0.7+0.8-1.5+1.1-1.8

-1.6+0.1-1.7+0.3-1.9

-3.6-0.8-2.9-0.5-3.1

-3.8-1.1-2.7-1.2-2.6

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-2.3+1.6-3.9+0.6-2.9

15d

-4.8+2.5-7.3+0.6-5.4

-0.1-2.7+2.6-2.8+2.7

+5.1-0.3+5.4-3.0+8.1

-12.4-8.9-3.5-8.4-4.0

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 90Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

JTL Industries acquired 95% stake in RCI Industries & Technologies by infusing Rs 10 crore (1 crore equity shares at Rs 10 each) under an NCLT-approved resolution plan. RCI makes copper, brass and other non-ferrous metal products in Baddi, Himachal Pradesh. RCI was under insolvency since November 2022. Acquisition completed on December 9, 2025, broadening JTL's non-ferrous metals portfolio.

Likely market impact

JTL enters copper and brass manufacturing via completed acquisition. RCI's sharply declining turnover and past insolvency pose integration risks.