JTL Industries Limited announced that Board of Directors of the Company at its duly convened meeting held on 24th February, 2024, The Board in their meeting held on 18th December, 2023 had approved the setting up a Megaproject in Maharashtra through Company's Wholly Owned Subsidiary. But now, considering the operational conveniences and other strategic factors the Company has decided that Megaproject will be set up by the Company and not by its subsidiary JTL Tubes Limited.