JTL INDUSTRIES LIMITED — Updates, 12-03-2025: Press Release

JTL Industries Limited has initiated the incorporation of JTL Engineering Limited, previously functioning as the partnership firm Nabha Steels & Metals, as a subsidiary. This strategic move aims to enhance operational efficiencies and synergies within the company. JTL Engineering Limited will now contribute directly to JTL's consolidated financials, streamlining reporting and improving financial transparency. The firm has achieved a production rate of 5,000 metric tons per month of HR coils following the successful commercialization of its Phase-I expansion, with total sales volume in 9M FY25 reaching 33,277 MT.

Management views this incorporation as pivotal for strengthening core operations and maximizing synergies, positioning JTL for sustainable growth. This transition is expected to fortify JTL Industries' market leadership in the steel sector, augmenting its capabilities and expanding market reach while continuing to deliver high-quality steel solutions. Investors should note this shift as a potential growth driver for the company moving forward.