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JTL Industries informs about outcome of board meeting

24 Feb 2024 Evaluate
JTL Industries has informed that the Board of Directors of the Company at its duly convened meeting held today, Saturday, the 24th February, 2024 at the registered office of the Company, considered and approved the following businesses: Setting up Megaproject by Company and not through its Wholly Owned Subsidiary JTL Tubes. The Board in their meeting held on 18th December, 2023 had approved the setting up a Megaproject in Maharashtra through Company’s Wholly Owned Subsidiary. But now, considering the operational conveniences and other strategic factors the Company has decided that Megaproject will be set up by the Company and not by its subsidiary JTL Tubes; Approved the estimated and projected Working Capital Requirements for Fiscal 2024 and Fiscal 2025. On the basis of existing working capital requirements of the Company, the historical holding levels and the estimated working capital requirements, the Board of Directors approved the working capital requirements for Fiscal 2024 and 2025. The Board Meeting commenced at 11:30 AM and concluded at 01:00 PM.

The above information is a part of company’s filings submitted to BSE.

JTL Industries Share Price

66.79 -0.43 (-0.64%)
17-Apr-2026 16:59 View Price Chart
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