Jyoti Limited enters into OTS with Technology Development Board

Jyoti Limited has done One Time Settlement (OTS) with Technology Development Board (TDB), New Delhi for Rs. 135 Lakhs and given six equal monthly instalments post dated cheques starting from 14.01.2022 and signed agreement on 07.01.2022 in this regard.

The reason for settlement is that the Company has taken part funding under indigenous technology for wind turbine project from TDB which has been shelved long time back. Now the Company offered for OTS amount for remaining balance amount which TDB has accepted. the Company is having sufficient liquidity to pay the same in six monthly instalments.

Shares of JYOTI LTD. was last trading in BSE at Rs. 14.47 as compared to the previous close of Rs. 13.24. The total number of shares traded during the day was 232789 in over 456 trades.

The stock hit an intraday high of Rs. 14.56 and intraday low of 12.65. The net turnover during the day was Rs. 3283375.00.

Source : Equity Bulls

Keywords

JYOTI INE511D01012 OTS TDB TechnologyDevelopmentBoard Instalments