JCT Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), has taken a crucial step forward in its resolution proceedings by issuing formal documentation to potential investors. The company announced that it has distributed Request for Resolution Plan (RFRP) and Information Memorandum to qualified Prospective Resolution Applicants (PRAs) on December 12, 2025.

Resolution Process Timeline

The company's Resolution Professional, Umesh Garg, confirmed that the RFRP and Evaluation Matrix were issued on December 12, 2025, following approval from the Committee of Creditors. The documentation has been distributed to PRAs whose names appear on the Final List of qualified applicants.

Documentation and Requirements

The comprehensive package provided to Prospective Resolution Applicants includes several key components designed to facilitate informed decision-making:

• Request for Resolution Plan (RFRP): Formal invitation outlining submission requirements and process guidelines
• Evaluation Matrix (EM): Approved criteria for assessing and comparing submitted resolution plans
• Information Memorandum (IM): Detailed company information and financial data for due diligence purposes

All documentation has received formal approval from the Committee of Creditors, ensuring compliance with insolvency regulations and stakeholder requirements.

Corporate Details and Compliance

JCT Limited operates under the supervision of Resolution Professional Umesh Garg, who holds IBBI Registration Number IBBI/IPA-001/IP-P00135/2017-2018/10277. The company maintains its registered office at G.T. Road, Phagwara, District Kapurthala, Punjab 144401, with Corporate Identification Number L17117PB1946PLC004565.

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for stakeholders and market participants. The company's shares trade on BSE Limited under scrip code 500223.

This development represents a significant milestone in JCT Limited's insolvency resolution process, as the company moves closer to potentially finding a suitable resolution applicant to address creditor claims and potentially revive its operations.

JCT Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), has achieved a significant milestone in its resolution proceedings with the Committee of Creditors approving the framework for inviting resolution plans.

Committee Approves Resolution Framework

The sixth Committee of Creditors meeting was conducted on December 1, 2025, at 4:00 PM through video conferencing. During this session, CoC members approved both the Request for Resolution Plan (RFRP) and the Evaluation Matrix through e-voting, which concluded on December 9, 2025.

Next Steps in Resolution Process

Following the approval, JCT Limited will circulate the RFRP and Evaluation Matrix to Prospective Resolution Applicants (PRAs). The interested parties will have 30 days from the issuance of the RFRP to submit their resolution plans. This timeline provides applicants with adequate opportunity to prepare comprehensive proposals for the company's revival.

Recent CoC Meeting Activity

The company has maintained regular CoC engagement with multiple meetings conducted in recent months. Two additional meetings were held where no material decisions were taken:

• Fourth CoC Meeting: Conducted on October 16, 2025
• Fifth CoC Meeting: Held and concluded on November 21, 2025

Company Background

JCT Limited operates under CIRP with Umesh Garg serving as the Resolution Professional. The company is registered under CIN L17117PB1946PLC004565 and is listed on BSE with scrip code 500223. Its registered office is located at G.T. Road, Phagwara, District Kapurthala, Punjab.