JTLIND: JTL INDUSTRIES LIMITED has informed the Exchange regarding Demise of Shri Mithan Lal Singla, Non- Executive Director/Promoter of the Company on Jun 08, 2025.
JTLIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
JTL Industries Limited has informed the stock exchanges about the sudden demise of Shri Mithan Lal Singla on June 8, 2025. He was a Non-Executive Director and part of the Promoter/Promoter Group, holding 87,93,428 equity shares representing 2.24% of the company's share capital. He had been associated with the company since its inception and was described as a visionary leader and guiding force. In accordance with SEBI LODR Regulation 31A(6)(c), he will cease to be part of the promoter/promoter group of the company following his demise.
The loss of a founding promoter-director is a significant event for the company and may create short-term uncertainty, though the relatively small 2.24% shareholding limits direct equity impact. Shareholders should watch for any changes in promoter shareholding or board composition in the coming filings.