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JTL Defence plans to raise up to Rs 2,460 crore through a rights issue

14-Oct-26 20:29 Hrs IST

JTL Defence Limited plans to raise up to Rs 2,460 crore through a rights issue of fully paid-up equity shares with a face value of Rs 10 each, to eligible shareholders to achieve minimum public shareholding. The company has formed a Rights Issue Committee to determine the issue price, entitlement ratio, and other details, which will be disclosed later. The board also approved the cessation of Mr. Ankit Singla and Mr. Naveen Kumar Laroiya from their respective roles as Company Secretary and Chief Financial Officer, and subsequently appointed Ms. Devangna Jain as Company Secretary and Mr. Saurabh Jain as Chief Financial Officer. Trading window for securities remains closed until after the release of quarterly and half-yearly results for the period ended September 30, 2026.

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