JTL Industries Announces Allotment of Shares In Exchange of Warrants

JTL Industries has informed the stock market that the company has approved the allotment of 1,00,000 shares with a face value of ₹ 2 to non-promoter category investors after warrant conversion. JTL Industries has also approved the allotment of one lakh bonus shares to the investor.

The non-promoter category investors who were issued convertible warrants have been given bonus shares in the ratio of one to one. After June 11, 2024, the paid-up equity share capital of JTL Industries has reached Rs 35.5421 crore. JTL Industries had issued these warrants to non-promoter category investors at the rate of ₹ 300 per warrant.
In the last 5 days, JTL Industries shares have given investors a return of 5 per cent, while in the last 1 month, this stock has strengthened by 2 per cent. In the last 6 months, JTL Industries shares have given investors a return of 7 per cent. In the last 1 year, JTL Industries shares have given investors a return of 31 per cent and its shares have crossed the level of Rs 220 from the level of Rs 169.

The shares of JTL Industries Limited, a small-cap company in the steel tube business with a market cap of about Rs 3900 crore, have a 52-week high of Rs 278 and a 52-week low of Rs 158. The shares of JTL Industries have given bumper returns to investors in the short and long term. In the last 3 years, the shares of JTL Industries have given investors a return of 8000 per cent, while in a decade it has given a bumper return of 4600 per cent.

Earlier this month, the company informed exchanges that it has completed Phase 1 of expansion at its recently acquired subsidiary, Nabha Steels and Metals. According to the company, phase 1 of expansion is completed and its subsidiary is set to deliver a production of 5,000 metric tons per month of HR coils, the raw material for the production of ERW Steel Pipes. The second expansion phase is expected to commence shortly and will scale up the production output further by adding more products to its portfolio offerings.

JTL Industries Limited is a producer of electric resistance welded (ERW) steel pipes including pipe and tube manufacturers in India. The company produces black and galvanized ERW steel pipes and tubes, hollow sections and structural steel that are used in engineering and construction projects. Its product includes galvanized steel tubes and pipes, scaffolding fittings and systems, hollow sections, LTZ sections, and mild steels angles/channels. Its services include solar solutions, logistic services, and packaging and loading services.