Jyoti Structures has mobilized substantial bank guarantees/letters of credit issued by its lenders pursuant to the resolution plan approved by the Hon'ble National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

After a delay of five years, out of the Rs 510.59 crores of bank guarantees/letters of credit envisaged to be issued / released under the NCLT approved resolution plan, the lenders at the Company's request have now been progressively releasing/disbursing the bank guarantees /letters of credit. These facilities are being made available in line with the Company's current business requirements.

The non – availability of these bank guarantees /letters of credit have thus far been a limitation for the Company to execute its order book, and their availability now further strengthens the Company's operational platform and reinforces its ability to efficiently execute its growing order book while pursuing new opportunities in the power transmission and infrastructure sectors.