JTL Defence Limited overhauled its key managerial personnel and approved a capital raise to address compliance requirements. The Board announced the resignation of its Company Secretary and Chief Financial Officer, effective October 13, 2026, alongside the appointment of their successors.

Leadership transition

The Board took on record the cessation of Ankit Singla as Company Secretary and Compliance Officer, and Naveen Kumar Laroiya as Chief Financial Officer. Both resignations were submitted due to personal reasons with no material adverse implications disclosed. The appointments were made with immediate effect on October 14, 2026.

Devangna Jain has been appointed as the new Company Secretary and Compliance Officer. She is a qualified Company Secretary and member of the Institute of Company Secretaries of India (ICSI), holding B.Com and M.Com degrees. Her professional background includes experience as a CS Trainee at Vardhman Textiles Limited and association with R. Arora & Associates.

Saurabh Jain joins as the new Chief Financial Officer. He brings over 20 years of experience in banking and financial services, having served as Cluster Head, Business Banking at HDFC Bank. His expertise covers working capital solutions, credit underwriting, and SME business development. Jain holds an MBA from Punjab Technical University and professional qualifications CAIIB and JAIIB from the Indian Institute of Banking and Finance.

Rights issue for public shareholding

To achieve minimum public shareholding requirements, the Board approved a rights issue of fully paid-up equity shares with a face value of ₹10 each. The total amount raised will not exceed ₹246 crore (INR 2,460 Lakhs). The issuance is targeted at eligible equity shareholders under the public category.

A Rights Issue Committee was formed to oversee the process, comprising:

The Committee is delegated with powers to determine specific terms, including the issue price, rights entitlement ratio, record date, and timing. These details will be disclosed to exchanges and specified in the letter of offer sent to shareholders.

Compliance and trading window

The Board meeting concluded at 6:55 pm on October 14, 2026. The company stated that the trading window for dealing in securities remains closed. It will reopen 48 hours after the publication of results for the quarter and half year ended September 30, 2026.

All actions were taken pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI Master Circulars.

JTL Defence Limited has scheduled a meeting of its Board of Directors for Wednesday, October 14, 2026. The primary agenda is to consider and approve a proposal for fund raising through the issue of equity shares via a rights issue.

The company informed the BSE that this decision follows the Board Meeting Outcome dated June 3, 2026. The intimation was made pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading window status

The company stated that the trading window for dealing in its securities is already closed. It will remain closed until 48 hours after the declaration of un-audited financial results for the quarter and half year ended September 30, 2026. This measure aligns with the company's Code of Conduct for Prohibition of Insider Trading, framed under SEBI (Prohibition of Insider Trading) Regulations, 2015.

The filing was signed by Pranav Singla, Managing Director, on October 10, 2026.