Outcome of Board Meeting held on July 28, 2026

July 28,2026 The Manager, Corporate Relationship Department, BSE Limited, 25th Floor, P.J. Towers, Dalal Street, Mumbai – 400001 Subject: Outcome of Board Meeting held on Tuesday, July 28, 2026 Dear Sir/ Ma’am, Pursuant to Regulation 30, 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the "Listing Regulations"), We hereby inform you that the Board of Directors at its meeting held today i.e., Tuesday, July 28, 2026, has, inter alia, approved and taken on record the Un-audited Financial Results (Standalone and Consolidated) for Quarter ended June 30, 2026. We are enclosing herewith Standalone & Consolidated Un-audited Financial Results for the quarter ended June 30, 2026, as approved by the Board of Directors together with the Auditor’s Limited Review Reports thereon. The meeting commenced at 04:00 PM and concluded at 04:40 PM. Kindly take note of the above information and oblige. Thanking you, Yours Sincerely, For JTL Defence Limited Pranav Singla Managing Director DIN: 07898093 R. BANSAL & CO. CHARTERED ACCOUNTANTS Independent Auditor’s Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report To The Board of Directors of JTL DEFENCE LIMITED (Erstwhile RCI INDUSTRIES & TECHNOLOGIES LIMITED) 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of JTL DEFENCE LIMITED (Erstwhile RCI INDUSTRIES & TECHNOLOGIES LIMITED) (“the Company”) for the quarter ended June 30, 2026 (“the Statement”), which has been submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”). 2. The Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company’s Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited standalone financial results, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. S.C.O 125-126, 4th Floor, Sector 17-C, Chandigarh-160 017 Email: ashwani.bansal@rbansalco.com, Website: www.rbansalco.com, Mob. No. +91-9815724299 Branches: Chandigarh, New Delhi, Ahmedabad, Bathinda R. BANSAL & CO. CHARTERED ACCOUNTANTS Emphasis of Matter We draw attention to the following matters in the Notes to the Standalone financial results: a) Recovery of Financial Assets We draw attention to the Standalone Financial Results regarding certain financial assets in the nature of trade receivables, debtors, securities and other recoveries which were outstanding/due at the time of the Insolvency Resolution Proceedings of the Company. As informed to us, during the financial year 2026-27, the management is actively following up with the concerned debtors and other parties for recovery of these dues. The management has further represented that in the event such balances remain unrecovered during the financial year 2026-27, the Company shall take necessary actions in the books of account, including appropriate adjustments, write-offs or provisions, as may be considered necessary at that time. The ultimate realisation of these balances is, accordingly, dependent upon the successful outcome of the ongoing recovery efforts being undertaken by the Company. b) Notices from Taxation Authorities and Immunity under NCLT Order We further report that the Company has received various notices from the Taxation Authorities pertaining to periods prior to the issuance of the order of the Hon’ble National Company Law Tribunal (NCLT) approving the Resolution Plan of the Company. As per the management’s understanding, such notices fall within the ambit of the immunity granted under the said NCLT order, and the Company will deal with these notices in accordance with the law laid down in the said order. We further draw attention to the fact that during the Corporate Insolvency Resolution Process (CIRP), which was completed on 8th December, 2025, the Resolution Professional had responded to such notices by invoking the moratorium imposed under Section 14 of the Insolvency and Bankruptcy Code, 2016. The eventual outcome of these matters and the consequential impact, if any, on the financial results is presently not ascertainable and shall be given effect to in the books of account as and when the matters are concluded. c) Long-Standing Investments — Pending Confirmations and Recoverability We draw attention to the Standalone Financial Results, which describes that the Company (JTL Defence Limited) was under the Corporate Insolvency Resolution Process (CIRP) before the Hon’ble National Company Law Tribunal (NCLT) during the previous financial year, pursuant to which the operations of the Company had remained substantially disrupted, and that consequent to the successful conclusion of the resolution process, the Company has resumed full operations during the quarter under review. In respect of the long-standing investments held by the Company in the equity shares of Ace Matrix Solutions Limited, Kay Exim Private Limited, and MetalRod Private Limited, aggregating to ₹1,186.17 Lakhs as at June 30, 2026, the management has, owing to the prolonged disruption caused by the CIRP and the consequent break in continuity of communication with the investee companies, not been able to obtain the latest audited financial statements or S.C.O 125-126, 4th Floor, Sector 17-C, Chandigarh-160 017 Email: ashwani.bansal@rbansalco.com, Website: www.rbansalco.com, Mob. No. +91-9815724299 Branches: Chandigarh, New Delhi, Ahmedabad, Bathinda R. BANSAL & CO. CHARTERED ACCOUNTANTS balance/shareholding confirmations from the said investee companies as at the reporting date. Accordingly, these investments continue to be carried at their existing book values in the financial results. As represented by the management, now that the Company is fully operational, the management is actively in the process of re-establishing communication [Showing first 8,000 characters — download PDF for full document]