Jyoti Structures Limited has notified stock exchanges about a significant legal development involving its lenders and banking facilities. The company disclosed that certain lenders have filed an appeal before the National Company Law Appellate Tribunal (NCLAT) challenging a recent tribunal order related to Non-Fund Based (NFB) limits.

NCLAT Appeal Details

The appeal targets an order dated February 16, 2026, which was uploaded on February 17, 2026, passed by the National Company Law Tribunal (NCLT). The legal proceedings center on contempt matters relating to the disbursement and restoration of Jyoti Structures Limited's Non-Fund Based limits.

Regulatory Compliance

The company made this disclosure on February 27, 2026, pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This notification follows an earlier disclosure dated February 18, 2026, suggesting ongoing legal complexities surrounding the company's banking arrangements.

Current Status

The appeal filed by the lenders is currently pending consideration before the NCLAT. The company has requested stock exchanges to take this information on record, maintaining transparency with stakeholders about the legal proceedings that could potentially impact its banking facilities and operational financing.

Corporate Communication

The disclosure was signed by Sonali K. Gaikwad, Company Secretary (FCS 13908), and communicated to both BSE Limited and National Stock Exchange of India Limited. The company maintains its corporate office at Valecha Chambers, New Link Road, Oshiwara, Andheri (West), Mumbai, with manufacturing facilities in Nashik and Raipur.

Jyoti Structures Limited has successfully completed and charged the 400 kV Multi-Circuit Line-in-Line-Out (LILO) of Pirana project, marking a significant milestone in India's renewable energy infrastructure development. The company announced this achievement through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Overview and Strategic Importance

The completed transmission line represents a strategically important component of the 4.5 GW Renewable Energy evacuation system for Khavda Phase-II. This project connects Pirana (Torrent Power) to Pirana (PowerGrid) at the POWERGRID substation in Ahmedabad, facilitating the evacuation of renewable energy from one of India's largest solar projects.

Technical Execution and Challenges

The project involved the execution of 240 circuit kilometers of High Temperature Low Sag (HTLS) transmission line, incorporating advanced conductor technology designed for enhanced performance and reliability. The scope included three crossings of the Sabarmati River and several critical road crossings within the urban vicinity of Ahmedabad.

The execution team encountered and successfully overcame multiple technical and logistical challenges:

• Right of Way (ROW) constraints in densely populated urban areas
• Limited shutdown availability requiring precise coordination with existing grid operations
• Water-logged locations necessitating specialized construction techniques

Innovative Construction Approaches

To address the complex project challenges, Jyoti Structures employed several innovative construction methodologies and equipment solutions. The company utilized porta mats for working in challenging terrain conditions, deployed high-capacity dewatering pumps to manage water-logged areas, and employed heavy-lift cranes for precise installation of transmission infrastructure.

These technical solutions enabled the successful completion of the project while maintaining safety standards and minimizing disruption to the surrounding urban environment and existing electrical infrastructure.

Project Collaboration and Acknowledgment

The successful completion of this critical transmission project was achieved through close collaboration with Torrent Power Grid Ltd. Jyoti Structures acknowledged the trust, guidance, and continued cooperation provided by Torrent Power Grid Ltd throughout the project execution phase, highlighting the importance of strong partnerships in delivering complex infrastructure projects.