JDJTL Defence537254Rights issue announcement

Rights issue of up to INR 2,460 Lakhs approved; new CFO and Company Secretary appointed

Rights issue approved to raise up to INR 2,460 Lakhs.

By ScoutQuest · Wed 14 Oct 2026, 7:22 PM IST · 3 min read

Rights Issue Size

up to INR 2,460 Lakhs

Face Value per Share

₹10 each

Cessation Effective Date

close of business hours of Oct 13, 2026

Board meeting outcome

The Board of Directors met on Wednesday, October 14, 2026 and, along with other business items, considered and approved a fund raise by way of a rights issue. The meeting commenced at 06:30 PM and concluded at 06:55 PM.

Rights issue, as approved

• The company will issue fully paid-up equity shares of face value of ₹10 each, described in the update as the Rights Equity Shares.
• The amount proposed to be raised is not exceeding INR 2,460 Lakhs (Rupees Two Thousand Four Hundred and Sixty Lakhs only).
• The offer is by way of a rights issue to the eligible equity shareholders of the company under the public category.
• The stated objective is to achieve minimum public shareholding. In simple terms, listing rules require a listed company to keep a minimum portion of its shares with public shareholders, and the update states this rights issue is aimed at meeting that requirement.
• The fund raise is subject to the receipt of applicable regulatory and statutory approvals.
• A Rights Issue Committee has been formed and delegated the powers of the Board for the rights issue: Pranav Singla (Chairman), Dhruv Singla (Member) and Satinder Singh (Member).

Terms that will come later

• The issue price, rights entitlement ratio, record date, timing of the rights issue and terms of payment will be determined by the Rights Issue Committee and disclosed to the exchange in due course.
• The detailed terms and the procedure for applying will be given in the letter of offer sent to eligible shareholders holding equity shares as on the record date.

Changes in key personnel

• The board took on record the cessation of Mr. Ankit Singla (M. No. A69926) as Company Secretary and Compliance Officer (Key Managerial Personnel), with effect from close of business hours of October 13, 2026. His resignation letter cites personal reasons and states there is no material reason for the resignation.
• The board took on record the cessation of Mr. Naveen Kumar Laroiya as Chief Financial Officer (Key Managerial Personnel), with effect from close of business hours of October 13, 2026, also on resignation citing personal reasons, with no material reason stated.
• Ms. Devangna Jain (M. No. A49863) has been appointed as Company Secretary and Compliance Officer (Key Managerial Personnel) with immediate effect. She is a qualified Company Secretary and a member of the Institute of Company Secretaries of India, with B.Com and M.Com degrees.
• Mr. Saurabh Jain has been appointed as Chief Financial Officer (Key Managerial Personnel) with immediate effect. He is a banking and financial services professional with over 20 years of experience, and has served as Cluster Head – Business Banking at HDFC Bank, Chandigarh.

Trading window

The trading window for dealing in securities will continue to remain closed and will open 48 hours after publication of results for the quarter and half year ended September 30, 2026.

How a retail investor can read this

• A rights issue gives eligible existing shareholders a chance to subscribe to new shares, usually in proportion to their current holding. Since the entitlement ratio and the issue price are still to be decided, the amount an individual shareholder would need to pay is not yet fixed.
• The fund raise and the changes in the Chief Financial Officer and Company Secretary roles came in the same board meeting; two senior key managerial personnel ceasing at once is a change worth noting, and both positions have been filled with immediate effect.
• The company has stated the rights issue is aimed at achieving minimum public shareholding; how it works out for an individual holding can be judged once the price and ratio are announced.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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