I had few questions regarding the JTL Industries if anyone can answer them.
Q1. Company currently has a capacity of 5.86L MTPA and is planning to increase it to 10L MTPA in next 2 years. But in FY23 their sales volume was 2.5L MT which is ~50% of the current capacity.
Why company is expanding its capacity rather than first trying to achieve 100% utilisation on the current capacity?
Q2. To whom will they cater this capacity?
Q3. Promoter (Madan Mohan) brother Vijay Singla got arrested by CBI in 2013 who held a 6.71% stake in the company in June and which has been reduced as of sept to 0%. Is he completely out of the business now?
In 2020-21, the company conducted a private placement. Who are these individuals (Kusum Bansal, Shilpa Bansal, Mukesh Kumar, Mohinder Pal, Laxmi Kant, Aakarshan Tracom) and are they related to the promoters?
Are the mentioned Kusum Bansal and Shilpa Bansal related to Vijay Singla?
Q5. What are company’s future plans and roadmap to increase their utilisation with the increase in capacity?
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