RCI Industries & Technologies Ltd — Important, 01-12-2025: Company Update

The company's Board has approved the NCLT-mandated Resolution Plan, significantly restructuring its share capital. All existing promoter shareholding has been cancelled, and public shareholding has been reduced to 5% of the company's capital. Concurrently, 1 crore new equity shares, valued at 10 Cr, were allotted to JTL Industries Limited, the new Resolution Applicant, making them the new promoter with a 95% stake. This action fundamentally reshapes the company's ownership and capital structure.