JTL Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 26 October 2024 .Powered by Capital Market - Live

The headline equity benchmarks traded with decent gains in mid-afternoon trade. The Nifty traded above the 25,950 mark after hitting the day's low of 25,886.85 in early trade. Auto shares witnessed buying demand for the fourth consecutive trading session. At 13:30 IST, the barometer index, the S&P BSE Sensex rose 124.49 points or 0.15% to 85,052.77. The Nifty 50 index rose 35.20 points or 0.14% to 25,974.25. The Sensex and Nifty clocked an all-time high of 85,116.90 and 25,993.40, respectively in mid afternoon trade. In the broader market, the S&P BSE Mid-Cap index added 0.20% and the S&P BSE Small-Cap index rose 0.06%. The S&P BSE Small-Cap index and S&P BSE Mid-Cap index hit an all-time high at 57,728.08 and 49,701.15, respectively. The market breadth was negative. On the BSE, 1,951 shares rose and 1,994 shares fell. A total of 95 shares were unchanged. Buzzing Index: The Nifty Auto index rose 0.49% to 26,936.10. The index rallied 4.38% in four consecutive trading sessions. Apollo Tyres (up 1.23%), Mahindra & Mahindra (up 1.07%), Exide Industries (up 1.03%), Tata Motors (up 0.85%), TVS Motor Company (up 0.68%), Bosch (up 0.57%), Bajaj Auto (up 0.52%), Ashok Leyland (up 0.36%), MRF (up 0.34%) and Maruti Suzuki India (up 0.28%) advanced. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.07% to 6.878 as compared with previous close 6.883. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.6400, compared with its close of 83.5475 during the previous trading session. MCX Gold futures for 4 October 2024 settlement rose 0.21% to Rs 75,100. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 100.84. The United States 10-year bond yield grew 1.43% to 3.793. In the commodities market, Brent crude for November 2024 settlement gained $1.07 or 1.45% to $74.97 a barrel. Stocks in spotlight: JTL Industries jumped 8.19% after the company's board will meet on 3 October 2024 to consider sub-division/split of equity shares having face value of Rs 2 each. Spandana Sphoorty Financial rose 1.16% after the board of the microfinancier approved a proposal to sell the stressed loan portfolio of the company to an asset reconstruction company (ARC) for Rs 16.74 crore. Powered by Capital Market - Live

JTL Industries will hold a meeting of the Board of Directors of the Company on 3 October 2024.Powered by Capital Market - Live

The company will also consider the proposal to issue bonus shares to equity shareholders and increase in the authorised share capital. JTL Industries is amongst the fastest-growing steel tube manufacturers, and its registered office is in Chandigarh. The company has manufacturing facilities in Punjab, Maharashtra, and Chhattisgarh. Its product offering includes GI Pipes, MS Black Pipes, hollow sections, and Solar Structures, which cater to diverse industrial and infrastructural applications. The company reported a 21% increase in consolidated net profit to Rs 30.70 crore in Q1 FY25 as compared with Rs 25.37 crore in Q1 FY24. Revenue from operations jumped 2.1% YoY to Rs 515.38 crore in Q1 FY25.Powered by Capital Market - Live

JTL Industries announced that the Annual General Meeting (AGM) of the company will be held on 14 September 2024.Powered by Capital Market - Live

JTL Industries has allotted 1,42,18,009 equity shares of face value Rs 2 each to eligible qualified institutional buyers at the issue price of Rs 211 per equity share (including a premium of Rs 209 per equity share) which includes a discount of Rs 10.57 i.e., 4.77% of the floor price, aggregating to Rs 299.99 crore, pursuant to the issue. Pursuant to the allotment of equity shares, the paid-up equity share capital of the Company stands increased from Rs 35,44,21,660/- consisting of 17,72,10,830 equity shares to Rs 38,28,57,678/- consisting of 19,14,28,839 equity shares of face value Rs 2 each. Powered by Capital Market - Live