RCI Industries & Technologies Ltd — Important, 10-10-2025: Company Update

The National Company Law Tribunal has approved the Resolution Plan for RCI Industries and Technologies Limited, with JTL Industries Limited as the Successful Resolution Applicant. JTL Industries will infuse Rs. 46.50 crore into the company and acquire a 95% stake. This involves the cancellation of shares held by existing promoters and related entities, while the public shareholding will be reduced to 5% of the new capital structure. The plan aims to diversify the company's business and mitigate risks. Importantly, all past liabilities of the company before the insolvency process began are now extinguished, providing a clean slate for the new management.