Jyoti Structures Limited, a prominent player in the power transmission and distribution sector, has taken a significant legal step by filing an application with the National Company Law Tribunal (NCLT), Mumbai Bench. The company is seeking directions against certain non-fund based lenders for allegedly violating its approved resolution plan.

Key Developments

• Legal Action: Jyoti Structures has approached the NCLT, Mumbai Bench, alleging that some non-fund based lenders have contravened the provisions of the company's approved resolution plan.
• Previous Orders: The application references NCLT Mumbai orders dated August 20, 2024, which were subsequently affirmed by the National Company Law Appellate Tribunal (NCLAT), New Delhi, on December 9, 2024.
• Regulatory Compliance: The company has filed this intimation in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

Details of the Application

The application filed by Jyoti Structures Limited seeks:

1. Necessary directions from the NCLT
2. Action against the non-compliant lenders

This move comes in light of the alleged contravention of:

• The provisions of the resolution plan approved for the company
• The directions issued by the NCLT, Mumbai in its order dated August 20, 2024
• The affirmation of these directions by NCLAT, New Delhi on December 9, 2024

Company Background

Jyoti Structures Limited, with its corporate office in Mumbai, is known for its operations in the power sector. The company maintains manufacturing facilities in:

Additionally, the company operates a Testing Station & R&D Center in Ubhade Shivar, Village - Deole, Ghoti - Bhandardara Road, Taluka - Igatpuri, Dist. - Nasik 422402.

This legal action underscores the challenges faced by companies undergoing resolution processes and highlights the importance of adherence to approved plans by all stakeholders. The outcome of this application could have significant implications for Jyoti Structures' ongoing restructuring efforts and its relationships with lenders.

Jyoti Structures Limited, a key player in the power transmission and distribution sector, has announced a significant leadership decision. The company's Board of Directors has approved the extension of Chief Executive Officer Rajesh Kumar Singh's tenure, demonstrating confidence in his leadership and vision for the organization.

Extended Tenure Details

The Board of Directors, in a meeting held on August 26, 2025, approved the extension of Rajesh Kumar Singh's tenure as CEO. The extension will take effect from the current expiry date of June 30, 2027, and continue until July 31, 2028, adding 13 months to his leadership role. This decision was based on recommendations from the company's nomination and remuneration committee.

CEO Profile and Achievements

Rajesh Kumar Singh brings a wealth of experience and expertise to his role at Jyoti Structures Limited:

• Educational Background: Singh holds a Bachelor of Engineering degree in mechanical engineering from NIT Silchar and a CEO certification from IIM Lucknow. He has also obtained a Project Management Professional (PMP) certification from the Project Management Institute, USA.

• Professional Experience: With over 30 years of diverse experience, Singh has demonstrated proficiency in managing complex projects within stipulated timeframes and budgets.

• Key Skills: His expertise spans project management, optimization, cost analysis, contract administration, resource planning and management, risk mitigation, and cash flow management.

• Notable Achievement: Singh led the team that successfully completed the longest private High Voltage Direct-Current line in India, showcasing his capability to handle large-scale, critical infrastructure projects.

Company Compliance and Transparency

In compliance with regulatory requirements, Jyoti Structures Limited has promptly disclosed this information to the stock exchanges. The company has adhered to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in its corporate governance practices.

Market Implications

The extension of Rajesh Kumar Singh's tenure as CEO signals continuity in leadership for Jyoti Structures Limited. This decision may be viewed positively by investors and stakeholders, as it suggests stability in the company's strategic direction and operational management.

As Jyoti Structures Limited continues to navigate the dynamic power transmission and distribution sector, the extended leadership of Rajesh Kumar Singh is expected to play a crucial role in the company's future growth and performance.