JTL Industries Limited has announced the acquisition of a significant equity stake in Powersol Metalcraft Limited, marking a strategic expansion move in the steel manufacturing sector. The company's Board of Directors approved the acquisition of 47.97% equity stake in Powersol Metalcraft Limited during a meeting held on February 23, 2026, with the transaction formalized under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Acquisition Details

The transaction involves a cash consideration of Rs. 8.10 crores for acquiring the 47.97% shareholding in Powersol Metalcraft Limited. The acquisition is scheduled for completion by February 24, 2026, with no regulatory approvals required for the transaction.

About Powersol Metalcraft Limited

Powersol Metalcraft Limited is engaged in the manufacturing of hot rolled steel sections and was incorporated on August 25, 1995. The company has a paid-up share capital of Rs. 3,12,69,350 and operates within India's steel manufacturing industry.

Financial Performance

Powersol Metalcraft's recent financial performance shows significant variation across the last three fiscal years:

Regulatory Compliance and Documentation

The acquisition has been formally communicated to both BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI Listing Regulations. The company filed the requisite disclosure under the SEBI Master Circular dated January 30, 2026, ensuring full compliance with regulatory requirements. Company Secretary and Compliance Officer Amrender Kumar Yadav signed the regulatory filing on February 23, 2026.

Strategic Impact

The acquisition aligns with JTL Industries' strategic objective of expansion and long-term value creation. The transaction is expected to foster a synergistic and mutually advantageous association that supports the company's strategic roadmap and future expansion plans. Following the acquisition, Powersol Metalcraft Limited will become an associate company of JTL Industries Limited under the provisions of the Companies Act, 2013.

Transaction Structure

The acquisition does not fall within related party transactions, and the promoter, promoter group, or group companies have no interest in the entity being acquired. The transaction represents JTL Industries' continued focus on expanding its presence in the steel manufacturing sector through strategic acquisitions.

JTL Industries Limited has released its unaudited financial results for the third quarter and nine months ended December 31, 2025, showcasing the steel pipes manufacturer's operational performance during the period.

Consolidated Financial Performance

The company's consolidated results demonstrate mixed performance across key financial metrics. Revenue from operations showed sequential improvement while year-over-year comparisons revealed varied trends.

The company maintained consistent profit before tax levels at ₹3,304.81 lakhs for Q3FY26, compared to ₹3,069.33 lakhs in the previous quarter and ₹3,368.52 lakhs in the corresponding quarter last year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, JTL Industries reported total income from operations of ₹144,368.17 lakhs, marginally lower than ₹144,635.92 lakhs in the corresponding period of the previous year.

The nine-month results indicate challenges in maintaining profitability levels compared to the previous year, with net profit declining by over 20% despite relatively stable revenue performance.

Standalone Results Comparison

The standalone financial results showed similar trends, with Q3FY26 revenue of ₹42,290.07 lakhs compared to ₹37,090.51 lakhs in Q2FY26. Standalone profit after tax reached ₹2,600.87 lakhs for the quarter, up from ₹1,990.67 lakhs in the previous quarter.

Capital Structure and Share Information

JTL Industries maintained a stable capital structure with paid-up equity share capital of ₹3,930.82 lakhs, consisting of shares with a face value of ₹1 each. The company's earnings per share calculations reflect this consistent share base across all reported periods.

Regulatory Compliance and Publication

The company fulfilled its regulatory obligations by publishing the financial results in Financial Express (English) across multiple cities including Chandigarh, Delhi, Mumbai, Pune, Hyderabad, Chennai/Kochi, Bengaluru, Ahmedabad, Kolkata, and Lucknow, as well as in Jansatta (Hindi) in Chandigarh edition. The results were signed by Whole Time Director Pranav Singla and filed with BSE and NSE stock exchanges under SEBI regulations.

The detailed financial results are available on the company's website at www.jtl.one and on stock exchange websites, accessible through QR codes provided in the published notices. The company emphasized its commitment to transparency by making comprehensive financial information readily available to stakeholders through multiple channels.