Intimation regarding disbursement of Net Proceeds from sale of fractional share in terms of approved resolution plan

Ref. No. JDL/2026-27/10-04 October 12, 2026 The Manager, Corporate Relationship Department, BSE Limited, 25th Floor, P.J. Towers, Dalal Street, Mumbai – 400001 Scrip Code: 537254 Subject: Disbursement of Net Proceeds from Sale of Fractional Share Entitlements Dear Sir/Madam, In terms of the Order dated October 09, 2025 passed by the Hon'ble National Company Law Tribunal ("NCLT"), New Delhi Bench the Resolution Plan for JTL Defence Limited (erstwhile RCI Industries & Technologies Limited) (the "Company") was duly approved, the said Resolution Plan, inter alia, provided for a reduction of the paid-up share capital of the Company in accordance with the applicable provisions of the Insolvency and Bankruptcy Code, 2016, and the Companies Act, 2013. Pursuant to such reduction of share capital, fractional share entitlements arose in the hands of certain eligible shareholders of the Company, which could not be allotted as whole numbers. In accordance with the Resolution Plan and applicable law, such fractional entitlements were consolidated and transferred to a Suspense Account for the purpose of sale of such shares in the open market on behalf of eligible shareholders. The aforesaid sale of fractional share entitlements and disbursement of net proceeds have been credited to the respective bank accounts of eligible shareholders, in full compliance with the Resolution Plan as approved by the Hon'ble NCLT vide Order dated October 09, 2026, the Insolvency and Bankruptcy Code, 2016, and regulations framed thereunder, the Companies Act, 2013, and rules made thereunder and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Shareholders who could not be credited due to incomplete bank details will be informed by the Company or RTA to update their correct Bank details. This is for your information and records purpose. Yours Sincerely, For JTL Defence Limited (erstwhile RCI Industries & Technologies Limited) Pranav Singla Managing Director DIN: 07898093