Notice of EGM to be held on June 30, 2026
Awaiting price reaction for this filing.
JTL Defence Limited (formerly RCI Industries & Technologies Limited) has called an EGM on Tuesday, June 30, 2026 at 11:00 AM via Video Conferencing. The EGM will consider two special business items: (1) Raising funds up to ₹100 Crore by issuing equity shares through a Qualified Institutions Placement (QIP) to eligible institutional investors, with pricing as per SEBI ICDR Regulations and a floor price formula; and (2) Shifting the registered office from New Delhi (ROC Delhi II) to Baddi, District Solan, Himachal Pradesh (ROC Shimla), along with a consequential amendment to the Memorandum of Association. The cut-off date for shareholder eligibility is June 23, 2026, and remote e-voting will run from June 27, 2026 (9:00 AM) to June 29, 2026 (5:00 PM). Bigshare Services is the e-voting facilitator and Rajeev Bhambri has been appointed as the Scrutinizer.
If approved, the QIP could dilute existing shareholders' holdings by issuing new equity shares worth up to ₹100 Crore to institutional buyers, though it would strengthen the company's capital base. The registered office shift to Himachal Pradesh may bring tax and operational benefits typical of hill-state incentives. Shareholders should review the rationale and use the remote e-voting window to cast votes.