Update of NCLT Hearing on 22-05-2025
Awaiting price reaction for this filing.
This filing is an update on an ongoing Corporate Insolvency Resolution Process (CIRP) for RCI Industries & Technologies Limited, being heard at the NCLT Bench-III in New Delhi. The matter, originally filed on 7 September 2024, was last listed on 22 May 2025 and is now scheduled for the next hearing on 30 May 2025. A Resolution Plan and other related applications are currently under consideration before the tribunal. The disclosure has been signed by the Resolution Professional appointed in the CIRP matter, not by JTL Defence's own management.
For JTL Defence shareholders, this filing relates to an NCLT insolvency proceeding of another company (RCI Industries & Technologies Limited) being disclosed for compliance reasons; no direct financial impact on JTL Defence is indicated. Investors should watch for the next hearing on 30 May 2025, where the Resolution Plan could be approved, modified, or rejected, which would be relevant if JTL Defence has any exposure to RCI Industries.