RCI Industries & Technologies Ltd — Important, 10-12-2025: Company Update

RCI Industries & Technologies revised the outcome of a recent Board Meeting, correcting a clerical error. The number of equity shares held by existing public shareholders post-CIRP is now accurately 5,26,315, instead of 5,24,350. The Board had approved the cancellation of existing promoter shares and reduced public shareholding to 5%. Additionally, 1 crore new equity shares, valued at INR 10 Cr, were allotted to JTL Industries Limited, the new promoter, granting them 95% ownership. The company also changed its registered office. This implements a significant restructuring approved under the Resolution Plan.