JTL Defence Limited achieved its highest-ever quarterly sales volume of 356 MT in the second quarter of fiscal year 2027, reflecting robust demand across its key segments.

The company, a manufacturer and trader of non-ferrous metal products, disclosed that the volume comprised 205 MT from manufacturing sales and 151 MT from job work. This represents an 18.67% increase compared to the 300 MT recorded in Q1FY27.

Volume performance breakdown

The growth in Q2FY27 was supported by higher job work volumes alongside steady demand in copper wires, strips, foils, and other alloy-based products. The following table outlines the quarterly volume trajectory:

Management commentary

Pranav Singla, Managing Director of JTL Defence, stated that the record volume was driven by increased job work activities and consistent demand. He noted that the company remains focused on expanding its presence in the defence, electrical, and industrial sectors while strengthening customer relationships.

The management emphasized plans to increase the share of value-added products in the portfolio and improve manufacturing capabilities to sustain the growth momentum observed during the quarter.

About JTL Defence

Formerly known as RCI Industries and Technologies Limited, the company operates its manufacturing facility in Baddi, Himachal Pradesh. Its diversified portfolio includes copper strips and foils, brass strips, stainless steel foils, and phosphorous bronze strips, catering to domestic markets as well as international regions including the Middle East and Africa.

JTL Defence Limited shareholders approved all seven resolutions proposed at its 35th Annual General Meeting held on September 23, 2026. The meeting ratified key governance changes, including the appointment of two whole-time directors and alterations to the company's object clause to expand defence and space capabilities.

The AGM, conducted via audio-visual means, confirmed the re-appointment of Pranav Singla (DIN: 07898093) as a director liable to retire by rotation. Singla brings over five years of experience in capital markets, accounting, finance, production management, and strategic planning. He is also a cousin of existing director Dhruv Singla.

Director Appointments and Governance

The shareholders approved the appointment of Deevesh Bhojia (DIN: 09148090) as Whole-time Director for a term of five years. Bhojia possesses diverse professional experience in accounts, finance, distribution, and manufacturing operations, including exposure to injection moulding and pharmaceutical manufacturing units. Like Singla, he is a cousin of Dhruv Singla.

Both appointments were recommended by the Board on August 29, 2026, and subsequently approved by members. The company confirmed that neither appointee is debarred from holding office by any SEBI order or other authority. Mr. Satinder Singh, Independent Director, chaired the meeting in the absence of Managing Director Pranav Singla and Whole-time Director Dhruv Singla, who could not attend due to personal reasons.

Expansion of Business Scope

A significant portion of the agenda focused on altering the Object Clause of the Memorandum of Association. Shareholders approved the insertion of new sub-clauses (23 through 27) to formalize and expand the company's operational scope in high-value sectors.

These amendments signal a strategic pivot towards comprehensive defence manufacturing and allied industries, moving beyond the company's legacy focus on copper and alloys.

Voting Results and Other Approvals

The scrutinizer’s report indicated that all resolutions were passed with 100% votes in favour and zero votes against or invalid. A total of 17 members cast votes representing 10,037,896 shares across both remote e-voting and voting during the meeting.

The AGM also ratified the remuneration of cost auditors for FY27 and approved material related party transactions. The detailed disclosures regarding these items were submitted to BSE Limited in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.