Jyoti Structures

Jyoti Structures Limited has extended the tenure of CEO Rajesh Kumar Singh from the current expiry date of 30 June 2027 to 31 July 2028. The Board of Directors approved this extension on 26 August 2025, based on recommendations from the nomination and remuneration committee. Singh holds a Bachelor of Engineering in mechanical engineering from NIT Silchar and CEO certification from IIM Lucknow, bringing over 30 years of experience in project management, cost analysis, and resource planning. He previously led the team that completed the longest private High Voltage Direct-Current line in India.

Jyoti Structures Limited submitted its monitoring agency report for the quarter ended June 30, 2025, detailing the utilization of proceeds from its Rights Issue II worth Rs. 459.69 crore. The company's rights issue, conducted from February 17 to March 10, 2025, received 92.11% subscription. CARE Ratings Limited, the monitoring agency, reported no deviations from the stated objects of the issue. During the quarter, the company utilized Rs. 270 crore across various purposes including Rs. 97.76 crore for dissenting financial creditors, Rs. 19.31 crore for employee dues, Rs. 27.11 crore for operational creditors, Rs. 90.15 crore for meeting costs and margin requirements, Rs. 45.29 crore for general corporate purposes, and Rs. 17.62 crore for issue-related expenses. The monitoring agency noted that Rs. 162.54 crore remains unutilized and is deployed in fixed deposits with HDFC Bank. The company's share price declined approximately 20% over the 12 months leading to June 30, 2025. The monitoring agency highlighted concerns about fund commingling and lack of board approval for certain general corporate purpose expenditures totaling Rs. 34.92 crore.

Jyoti Structures Limited's Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, during a meeting held on August 14, 2025. The company made several key appointments including re-appointment of M/s. Bhushan Khot and Co. as Internal Auditor, appointment of M/s. K N B J & Associates as additional Internal Auditor, CMA Dr. Narhar K. Nimkar as Cost Auditor, M/s Santosh M. Raikar & Co. as Tax Auditor, and M/s Sandeep Dubey & Associates as Secretarial Auditor for a 5-year term. The Board also approved allotment of equity shares under the JSL ESOS 2021 scheme: 4,39,000 shares at Rs. 5 exercise price, 10,000 shares at Rs. 10 exercise price, and 53,333 shares at Rs. 15 exercise price, totaling 5,02,333 shares. Additionally, the company constituted a Corporate Social Responsibility Committee with Dr. Rajendra Prasad Singh as Chairperson, Mrs. Monica Chaturvedi, Mr. Abdul Hameed Khan, and Mrs. Pragati Nagar as members. The Board also approved the Directors' Report for FY 2024-25 and matters related to the 50th Annual General Meeting.