Outcome of Board Meeting dated 16.01.2026
Awaiting price reaction for this filing.
The board of RCI Industries & Technologies Limited (Scrip Code: 537254), held on January 16, 2026, approved the notices for three back-to-back Annual General Meetings (AGMs) for FY 2022-23, 2023-24, and 2024-25, scheduled for February 10, 11, and 12, 2026 respectively, all to be held via video conferencing. The board also approved the Board Reports for these three years and noted the Financial Statements, which were signed by the Resolution Professional — indicating the company has been under corporate insolvency proceedings. Additionally, the board approved alterations to the Object Clause of the Memorandum of Association, adoption of Table F of Schedule I of the Companies Act, 2013 as new Articles of Association, and remuneration for Managing Director Mr. Pranav Singla and Whole-time Director Mr. Dhruv Singla, all subject to shareholder approval. M/s S.V. Associates was appointed as Scrutinizer for the three AGMs.
Catching up on three years of AGMs at once and the involvement of a Resolution Professional strongly suggest the company is emerging from or has recently exited the corporate insolvency resolution process. Shareholders should attend the upcoming AGMs where key items — including changes to the company's main objectives and director pay — will be put to vote. Note: The filing is issued by RCI Industries & Technologies Limited, though the headline lists JTL Defence Ltd, which may point to a name change or a data mismatch worth verifying.