Jyoti Structures Secures NCLT Order Against Non-Fund Lenders

20 Feb 2026 CW Team

The tribunal directed the respondents to release the rolled-over non-fund based limits within one month from the date of communication of the order. The NCLT observed that both parties have a continuing business relationship and that maintaining harmony would be in their mutual business interest. The company has requested the stock exchanges to take the order on record and to reflect the development in its regulatory filings.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015, and in continuation of an earlier disclosure dated 13 October 2025. The action follows steps taken by the company to safeguard its commercial operations and to seek clarity over working capital arrangements with non-fund based lenders. The company indicated that the tribunal order is expected to restore short-term liquidity lines related to non-fund based facilities.

Jyoti Structures Limited is a listed global engineering, procurement and construction company specialising in power transmission and distribution projects, with projects executed across more than 50 countries since its inception. Incorporated in 1974, Jyoti Structures has a legacy of over four decades in executing turnkey projects across the power transmission value chain, including design and engineering, consulting, tower testing, manufacturing, construction and project management. The company also undertakes high-voltage underground cabling and optical fibre ground wire installations to support grid expansion and system reliability.

Jyoti Structures Limited (JSL) informed the stock exchanges that the National Company Law Tribunal (NCLT), Mumbai Bench, has allowed the contempt applications filed by the company and certain shareholders against its non-fund based lenders. The company disclosed that the NCLT issued an order on 16 February 2026, which was uploaded on 17 February 2026, and that the tribunal considered the matter on the basis of filings by the parties. The tribunal directed the respondents to release the rolled-over non-fund based limits within one month from the date of communication of the order. The NCLT observed that both parties have a continuing business relationship and that maintaining harmony would be in their mutual business interest. The company has requested the stock exchanges to take the order on record and to reflect the development in its regulatory filings. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015, and in continuation of an earlier disclosure dated 13 October 2025. The action follows steps taken by the company to safeguard its commercial operations and to seek clarity over working capital arrangements with non-fund based lenders. The company indicated that the tribunal order is expected to restore short-term liquidity lines related to non-fund based facilities. Jyoti Structures Limited is a listed global engineering, procurement and construction company specialising in power transmission and distribution projects, with projects executed across more than 50 countries since its inception. Incorporated in 1974, Jyoti Structures has a legacy of over four decades in executing turnkey projects across the power transmission value chain, including design and engineering, consulting, tower testing, manufacturing, construction and project management. The company also undertakes high-voltage underground cabling and optical fibre ground wire installations to support grid expansion and system reliability.

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