JTL Industries Limited, a prominent player in the industrial sector, held its 34th Annual General Meeting (AGM) on September 23, 2025, where shareholders approved significant board changes and a new employee stock option scheme. The meeting, conducted through video conferencing, saw a series of important resolutions passed with overwhelming majority.

Board Reappointments and New Addition

One of the key highlights of the AGM was the reappointment of two Whole-time Directors, Mr. Dhruv Singla and Mr. Pranav Singla, each for a term of five years. Both directors, who were initially appointed in August 2021 with tenures set to expire in August 2026, received strong shareholder support for their reappointment.

Mr. Dhruv Singla, son of Managing Director Madan Mohan, brings over a decade of experience in finance, accounting, taxation, fund management, and auditing. He holds a B.Com (Honors) degree in Economics from Punjab University and a Master's degree in International Management from King's College, United Kingdom.

Mr. Pranav Singla, nephew of Madan Mohan and cousin to Dhruv Singla, has more than five years of experience in capital markets, accounting, finance, production management, strategic planning, cost management, and plant expansions. His reappointment was approved with 99.99% of votes in favor.

In addition to these reappointments, shareholders approved the appointment of Mr. Jagdeep Kumar Goel as a Non-Executive Non-Independent Director. Mr. Goel, a former Indian Revenue Service (IRS) officer, brings over 30 years of experience in taxation, finance, and legal affairs. He served in the Income Tax Department from 1989 to 2022, holding senior roles including Principal Commissioner and Director in the Central Board of Direct Taxes (CBDT). Mr. Goel's appointment was overwhelmingly supported, with 99.98% of votes cast in favor.

Employee Stock Option Scheme

Another significant development at the AGM was the approval of the JTL Industries Employee Stock Option Scheme – 2025. The scheme, which received 95.76% votes in favor, allows for the issuance of up to 30,00,000 stock options, each convertible into one equity share of Re. 1 face value. This move is likely aimed at aligning employee interests with those of the company and its shareholders.

Financial Matters

Shareholders also approved the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025. Additionally, a final dividend of Rs. 0.125 (12.5%) per equity share was declared for the FY 2024-25, applicable only to shareholders in the "Public Category".

Other Resolutions

The AGM saw the passage of several other resolutions, including:

• Reappointment of Mr. Madan Mohan as a director
• Appointment of Secretarial Auditors
• Ratification of remuneration for Cost Auditors for the Financial Year 2025-26

The strong shareholder support for these resolutions reflects confidence in the company's leadership and strategic direction. As JTL Industries moves forward with its refreshed board and new employee incentive scheme, stakeholders will be watching closely to see how these changes impact the company's performance and growth trajectory in the coming years.

JTL Industries Limited, a leading steel tube manufacturer, has achieved a significant milestone in its global expansion journey. The company has been awarded the coveted 'Three Star Export House' status by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India.

Recognition and Validity

The Three Star Export House accreditation, granted to JTL Industries (IEC: 2295000203, PAN: AAACJ8505G), is valid for a five-year period from September 4, 2025, to September 4, 2030. This prestigious recognition underscores the company's consistent and substantial contributions to India's export performance.

Implications of the Status

The Three Star Export House status reflects JTL Industries' robust export capabilities and adherence to stringent quality and compliance standards. This accreditation is expected to enhance the company's credibility and competitiveness in the global marketplace.

Benefits and Opportunities

As a Three Star Export House, JTL Industries will enjoy several benefits under the Foreign Trade Policy, including:

• Faster customs clearances
• Access to various export promotion schemes
• Easier facilitation for international trade operations

These advantages are anticipated to accelerate JTL's global business expansion, enabling the company to better serve its international customers and achieve higher export volumes.

Management's Perspective

The management of JTL Industries expressed their pride in receiving this recognition, stating, "We are honored to receive the 'Three Star Export House' recognition from the Directorate General of Foreign Trade. This milestone reflects our consistent commitment to global standards, quality excellence, and expanding India's footprint in international markets. We believe this status will further strengthen our export capabilities and open new avenues for strategic growth."

Company Profile

JTL Industries Limited is a rapidly growing steel tube manufacturing company specializing in:

• ERW Black Pipes
• Pre-Galvanized and Galvanized Steel Pipes
• Large diameter tubes and pipes
• Hollow structures

The company's manufacturing facilities are strategically located in Punjab, Maharashtra, and Chhattisgarh, with a cumulative pipe manufacturing capacity of approximately 936,000 MTPA. Additionally, JTL Industries has a backward integration capacity of about 300,000 MTPA.

As a recognized Star Export House, JTL Industries offers a diverse range of products including GI Pipes, MS Black Pipes, Hollow-sections, and Solar Structures, catering to various industrial and infrastructural applications. The company provides these products in hot dip galvanized, pre-galvanized, and uncoated (MS black) grades.

This latest achievement is expected to bolster JTL Industries' position in the global market and contribute to its continued growth and success in the steel tube manufacturing sector.