Jyoti Structures Limited announced the resignation of its Chief Executive Officer, Mr. Rajesh Kumar Singh, effective from the close of business hours on May 29, 2026. The Board of Directors accepted the resignation during a meeting held on the same day. The change in leadership impacts the company's key managerial personnel structure.

Mr. Rajesh Kumar Singh resigned from his position for personal reasons, as stated in his resignation letter dated May 29, 2026. The Board noted and accepted the resignation, which became effective immediately. Mr. Singh will be relieved from his services in accordance with the terms of his contractual arrangement with the company.

The outgoing CEO has committed to serving a notice period of three months as per the terms of his employment. However, the company retains the right to reduce this notice period without incurring any financial implications for either party. The resignation was intimated to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of Resignation

The following table outlines the key details regarding the change in key managerial personnel:

The disclosure was made in compliance with Regulation 30 read with Schedule III, Para A (7C) of Part A of the SEBI Listing Regulations. Additionally, the company referenced SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.

Mr. Singh expressed gratitude for the trust and support extended to him during his tenure, wishing the company and its employees continued growth. The company has hosted the disclosure on its official website. Jyoti Structures Limited has requested the exchanges to take the intimation on record.

The National Company Law Appellate Tribunal (NCLAT) has approved Jyoti Structures ' request pertaining to non-fund-based limits, marking a significant procedural development in the company's ongoing legal proceedings. The tribunal's directive requires the concerned banks to furnish their reply within a period of one month.

Key Highlights of the NCLAT Order

The following are the key aspects of the NCLAT ruling:

Contempt Proceedings Remain an Option

In addition to directing the banks to respond, the NCLAT order preserves Jyoti Structures' right to reinitiate contempt proceedings should the company find the banks' response unsatisfactory. This provision underscores the tribunal's intent to ensure compliance with its directives and provides the company with a legal recourse in the event that the banks fail to adequately address the matter within the stipulated timeframe.