JTL Industries has scheduled its 35th Annual General Meeting for September 25, 2026. The Board also approved the re-appointment of Whole-time Directors Rakesh Garg and Sanjeev Gupta.

The meeting will be conducted via Video Conferencing or Other Audio-Visual Means starting at 11:30 am on the scheduled date. Shareholders must be on record as of September 11, 2026, to be eligible for any dividend declared at the AGM.

Director Re-appointments

The Board noted the re-appointment of Mr. Rakesh Garg and Mr. Sanjeev Gupta as Whole-time Directors. Both are liable to retire by rotation at the ensuing AGM under Section 152(6) of the Companies Act, 2013.

Mr. Garg brings extensive experience in liaising with government agencies and stakeholders. Mr. Gupta possesses specialized expertise in costing and automation, gained through roles at Bhushan Power and Steel Limited and Aarti Strips Private Limited.

AGM Logistics and Approvals

The Board approved the Notice and Agenda for the 35th AGM to transact Ordinary and Special Businesses. It also approved the draft Director’s Report for FY25-26, along with the Management Discussion and Analysis Report, Annual Corporate Governance Report, and Business Responsibility and Sustainability Report.

M/s S.V. Associates, Practicing Company Secretaries, have been appointed as Scrutinizer for remote e-voting and venue e-voting during the meeting.

JTL Industries has announced that its subsidiary, JTL Engineering Limited, will undertake a capital expenditure of approximately ₹15 crore to expand its narrow-width hot-rolled (HR) coil manufacturing capacity. The investment aims to double the monthly production volume, thereby boosting the group’s steel tube and pipe manufacturing capabilities.

The expansion is scheduled for commissioning in Q4 FY27. This move aligns with the company’s broader strategy to strengthen backward integration within its steel manufacturing value chain.

Capacity Expansion Details

The proposed capital expenditure will significantly scale up the subsidiary’s operational throughput. JTL Engineering Limited plans to increase its narrow-width HR coil manufacturing capacity from 5,000 MT per month to 10,000 MT per month.

In addition to volume growth, the facility will gain the ability to produce wider coils. The maximum coil width capability will expand from the current 9 inches (228.6 mm) to 11 inches (279.4 mm). This enhancement allows the company to address a broader range of customer specifications and product requirements.

Manufacturing Process & Sustainability

JTL Engineering Limited’s manufacturing process utilizes sponge iron and steel scrap as key raw materials. The use of induction furnaces melts these materials at approximately 1,600°C to form molten steel, which is then continuously cast into narrow-width strips.

The reliance on steel scrap supports efficient resource utilization and forms a core part of the company’s approach toward circular manufacturing. By reducing dependence on virgin raw materials, the process aims to lower environmental impact while maintaining quality standards through rigorous surface and dimension inspections.

Key Process Steps

• Raw Materials: Sponge iron and steel scrap charged in precise proportions.
• Melting: Induction furnace melting at ~1,600°C.
• Casting: Continuous casting into narrow-width strip format via direct rolling route.
• Hot Rolling: Rolling cast strip to required gauge and width.
• Finishing: Slitting/trimming to customer-specific widths followed by quality inspection.

Strategic Context

Commenting on the development, Madan Mohan, Managing Director of JTL Industries Limited, stated that the expansion reflects a focus on strengthening manufacturing capabilities. He noted that the additional capacity and wider coil capability will enable the company to cater to a broader range of product specifications.

JTL Industries Limited operates manufacturing facilities across Punjab, Maharashtra, Chhattisgarh, and Himachal Pradesh. The group’s cumulative pipe manufacturing capacity stands at approximately 9,36,000 MTPA, with around 3,00,000 MTPA dedicated to backward integration. The company is a recognized Three Star Export House, producing DFT structural pipes, GI pipes, MS black pipes, hollow sections, and solar structures.