Jyoti Global Plast Limited shares surged 6.4% in today's trading session following the company's strategic entry into the defence sector with the launch of AeroDrop Tactical UAV. The stock traded at ₹40.65 per share, up from the previous closing price of ₹38.50, with the company maintaining a market capitalization of ₹80.57 crore.

Strategic Defence Entry with AeroDrop Launch

The company has launched AeroDrop, a military-grade unmanned aerial platform designed specifically for tactical payload delivery in high-risk environments. This development marks a significant strategic shift for the plastics manufacturer, expanding its operations into defence-focused drone systems.

According to Hiren Shah, Managing Director of Jyoti Global Plast, "AeroDrop has been developed with a defence-first approach, focusing on precision, reliability, and survivability in demanding operational environments. Our objective has been to deliver a mission-ready platform that defence forces can deploy with confidence in contested and high-risk scenarios."

Strong Financial Performance

The company has demonstrated robust financial growth in its recent performance. Revenue increased by 10% to ₹50.66 crore, reflecting improved execution and stronger demand across its business segments.

The faster pace of profitability improvement, with net profit growing 21% to ₹3.50 crore, indicates effective operating leverage and enhanced cost efficiency during the period.

Diversified Business Portfolio

Jyoti Global Plast operates across multiple end-use sectors, reducing dependence on any single industry. The company serves over 1,000 active clients with strong repeat business, benefiting from stable demand patterns.

Key Business Segments:

• Pharmaceuticals
• Chemicals
• Food processing
• Automotive

The company maintains a diversified portfolio of 50+ customized products, strengthening its competitive positioning across varied markets. Its core business involves plastic and fibre-reinforced polymer (FRP) moulding, offering customized solutions based on client-specific requirements.

Product Range:

• High-density polyethylene (HDPE) grade drums
• Polypropylene (PP) grade containers
• Carboys and jerrycans
• Barrels and pail buckets
• Toys and automobile parts

Market Implications

The launch of AeroDrop strengthens Jyoti's broader UAV portfolio across defence, surveillance, industrial, and agricultural applications. This strategic move potentially opens higher-margin, long-gestation defence opportunities while reducing dependence on non-defence segments over time. The defence foray represents a significant diversification beyond the company's traditional plastics manufacturing base, positioning it for growth in the expanding defence technology sector.

Jyoti Limited has disclosed the receipt of a GST assessment order from tax authorities, marking the resolution of a tax matter for the financial year 2021-22. The company made this disclosure under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements on December 26, 2025.

GST Assessment Details

The assessment order was issued by the Office of the Assistant Commissioner of State Tax Unit-40, Range-10, Division-5, Vadodara, Gujarat. The order pertains to dues demanded through a Show Cause Notice that was sent to the company on September 30, 2025, for the financial year 2021-22.

Financial Impact and Resolution

The assessment order reveals a favorable outcome for Jyoti Limited. According to the company's disclosure, the total demand as per the assessment order was ₹1.29 lakhs, including interest and penalty, which has already been paid by the company.

Significantly, the GST Department has dropped a much larger demand of ₹26.33 lakhs, including interest and penalty. This represents a substantial relief for the company, as the dropped amount is significantly higher than what was actually demanded and paid.

Current Status

With the company having already paid the assessed demand of ₹1.29 lakhs, there are no outstanding claims or payments due from Jyoti Limited to the tax authorities. The resolution of this matter eliminates any potential financial liability that could have arisen from the original show cause notice.

The disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 and the circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which requires companies to disclose material developments including tax assessments that meet certain materiality thresholds.