RCI Industries & Technologies Ltd

Meeting Details

• Two-day one-to-one investor meet in Mumbai, Aug 26–27, 2026, 10:00 AM–5:00 PM daily.
• Mode: Physical; in-person in Mumbai.
• Nature: One-to-one meetings with the Managing Director.
• Event: Investor Meet by JTL Defence Ltd.

Participants

• Managing Director present as primary company representative.
• Company Secretary and Compliance Officer to attend.

Purpose

• Discuss business and publicly available information.

Additional Notes

• Focus on publicly available information; no UPSI will be discussed.

Business & Platform

• Manufacturer of non-ferrous metal products, focusing on copper, brass, and alloys.
• Integrated non-ferrous platform at Himachal Pradesh, Baddi, with 20,000 MTPA capacity.
• Exports to domestic and international markets, including Middle East and Africa.

Q1 FY27 Operational Highlights

• Q1 FY27 revenue from operations ₹212 mn, up 39.4% QoQ from ₹152 mn.
• EBITDA ₹25 mn; EBITDA margin 11.6%.
• Adj. PAT ₹1 mn; excludes ₹28 mn depreciation on revalued assets.
• Revenue volume 300 MT; EBITDA per ton ₹82,103.

Financial Performance (FY26 Overview)

• FY26: Revenue ₹193 mn; EBITDA ₹59 mn; PAT ₹3 mn; EBITDA margin 28.3%; PAT margin 1.3%.

Capacity & Growth Initiatives

• Capacity 20,000 MTPA at Himachal Pradesh plant.
• Planned capacity expansion with support from JTL Industries.
• Focus on higher value-added mix and export growth.

Leadership & Governance

• Chairman: Dhruv Singla; MD: Pranav Singla.
• Independent Directors: Neerja Chathley, Satinder Singh, Dr. P.V.G.S. Jayaram.
• CFO: Naveen Kumar Laroiya; Company Secretary: Ankit Singla.

Strategic Priorities & Outlook

• Focus on export expansion, higher-margin products, and defence indigenisation.
• Aim to improve capacity utilization and increase value-added product share by FY27.

Q1 FY27 highlights

• Unaudited Q1 FY27 earnings results for quarter ended June 30, 2026.
• Revenue from operations Rs 212 million, up 39.4% QoQ.
• EBITDA Rs 25 million with 11.6% margin.
• Adjusted PAT Rs 1 million, excluding Rs 28 million depreciation on revalued assets.
• Total revenue volume was 300 MT in Q1 FY27.
• Profitability affected by higher depreciation; excluding it, PAT would be Rs 1 million.
• Company name changed to JTL Defence Limited from RCI Industries and Technologies Limited.

Financial results approved

• Standalone and consolidated unaudited Q1 results approved for quarter ended 30 June 2026.
• Standalone revenue Rs 2,124.47 lakh; net loss Rs 267.16 lakh.
• Consolidated results prepared but exclude some subsidiaries; impact not ascertainable.

Auditor remarks and emphasis of matter

• Recovery of financial assets emphasized; potential adjustments if unrecovered.
• Tax notices; immunity under NCLT order; moratorium during CIRP.
• Long-standing investments pending confirmations; carrying values maintained; possible impairment.
• Fixed asset revaluation in March 2026; depreciation Rs 397.62 lakh.
• Depreciation includes Rs 277.90 lakh on revalued assets.

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during the quarter ended 30 June 2026.
• Regulation 74(5) not applicable as entire holding is in demat form.

Q1 FY27 Highlights

• Total quarterly volume: 300 MT (209 MT sales, 91 MT job work) in Q1 FY27.
• FY27 started strong with 209 MT sales and 300 MT total processing.
• Focus on expanding presence across industrial applications and value-added products.
• Ongoing investments and disciplined execution to sustain momentum and growth.

Resolutions and outcomes

• Resolution 1: Special—issue equity shares via QIP to raise funds.
• Resolution 2: Special—shift registered office from Delhi to Himachal Pradesh.
• Voting outcome: Both resolutions passed with requisite majority.
• Total votes exercised: 10,048,462; e-voting in favour with two votes against at EGM.

JTL Defence Ltd: Trading window closed from July 1, 2026 till 48 hours after the declaration of Un-audited Financial Results for the quarter ended June 30, 2026