JTL Industries Limited at its board meeting held on December 18, 2023, approved to invest up to an aggregate sum of INR 12,000 million in Company's wholly owned subsidiary JTL Tubes Limited to set up a Mega Project in the state of Maharashtra, partly from the internal accruals and partly the proposed issue proceeds (preferential/QIP). Any further details, will be updated in due course of time, as and when finalised.