JTL Defence Approves Rs24.6 Crore Rights Issue To Boost Public Float

Board approved up to Rs24.6 Cr rights issue to public shareholders for minimum public shareholding; terms TBD. Noted CS and CFO resignations; appointed Devangna Jain as CS and Saurabh Jain as CFO. First step on pending large equity raise, as rights only to public for float compliance. Simultaneous CS/CFO exits novel post-takeover; both joined at reconstitution, quit together for personal reasons. Price, ratio, record date, use of proceeds undisclosed; committee of promoter execs to decide. New CFO is career banker, no manufacturing background disclosed. Trading window stays shut till Q2 results.