Key Resolutions and Financial Details

Item No. 1: Qualified Institutions Placement (QIP)

The company seeks shareholder approval to raise funds up to ₹100 Crore (Rupees One Hundred Crore Only) through issuance of equity shares via Qualified Institutions Placement.

Key Terms:

  • Maximum issue size: ₹100 Crore
  • Equity shares of face value ₹10 each
  • Allotment to be completed within 365 days from date of special resolution passing
  • Pricing to be determined as per SEBI ICDR Regulations Regulation 176(1)
  • Maximum discount of 5% permitted on floor price
  • No single allottee can receive more than 50% of QIP size
  • Minimum 10% allocation to mutual funds
  • One-year lock-in period for allottees
  • Shares to rank pari-passu with existing equity shares

Utilization of Proceeds:

  • Funding capital expenditure for existing/new manufacturing facilities
  • Funding working capital requirements of Company and/or Subsidiaries
  • General Corporate Purposes (not exceeding 25% of funds raised)
  • Pending utilization, funds to be invested in scheduled commercial banks, government securities, debt mutual funds, or bank deposits

Regulatory Compliance:

  • To be undertaken in accordance with SEBI ICDR Regulations Chapter VI
  • Requires special resolution under Section 62(1)(c) of Companies Act, 2013
  • Board approval obtained on June 03, 2026
  • Fund Raising Committee approval on June 05, 2026

Item No. 2: Shifting of Registered Office

Proposal to shift registered office from current location at 1/10-B, First Floor, MPL No- VIII/3428, Munshi Niketan Building, Asaf Ali Road, Ajmeri Gate Extn., New Delhi-110002 to Plot No. 84-85, HPSIDC Industrial Area, Baddi, District Solan, Himachal Pradesh-173205.

Rationale: Operational efficiency and closer supervision of manufacturing activities primarily located in Himachal Pradesh.

Approval Requirements:

  • Special resolution of shareholders
  • Confirmation by Central Government (powers delegated to Regional Director)
  • Consequential amendment to Clause II of Memorandum of Association

Meeting and Voting Details

EGM Schedule:

  • Date: Tuesday, June 30, 2026
  • Time: 11:00 A.M. IST
  • Mode: Video Conferencing/Other Audio-Visual Means
  • Deemed venue: Registered Office at New Delhi address

Voting Arrangements:

  • Cut-off date for eligibility: June 23, 2026
  • Remote e-voting period: June 27, 2026 (09:00 AM) to June 29, 2026 (05:00 PM)
  • E-voting service provider: Bigshare Services Pvt. Ltd.
  • Scrutinizer: Mr. Rajeev Bhambri, Proprietor M/s Rajeev Bhambri & Associates

Shareholder Services:

  • Email for grievances: compliance@jtl.one
  • RTA contact: info@bigshareonline.com
  • Website for documents: www.jtldefence.com

Capital Structure Impact

The QIP may result in equity dilution depending on final issue size and pricing. The resolution explicitly states there will be no change in control pursuant to the equity issuance.

Governance Disclosure

None of the Directors, Key Managerial Personnel, Promoters, or their relatives are interested in the resolutions except to the extent of their shareholding, if any. No promoter or related party participation in the QIP is intended.