JYOTI STRUCTURES SHARES SURGE 19 PERCENT

JYOTISTRUC Shares of Jyoti Structures rallied over 19 percent on Wednesday after the company gained access to bank guarantees and letters of credit worth Rs 510.59 crore, providing a major boost to its order execution capabilities. The stock surged as much as 19.24 percent to hit an intraday high of Rs 12.89 on the NSE. The company's upper circuit limit for the session stood at 20 percent. The sharp rally came after Jyoti Structures announced that its lenders had started releasing bank guarantees and letters of credit under the resolution plan approved by the National Company Law Tribunal. In an exchange filing, the company stated that it had mobilised substantial bank guarantees and letters of credit from its lenders in accordance with the NCLT-approved resolution plan under the Insolvency and Bankruptcy Code, 2016. The development follows an order passed by the National Company Law Appellate Tribunal on May 26, 2026. Subsequently, the company approached its lenders seeking the release of these facilities in line with the approved resolution plan and relevant tribunal orders. According to the company, after a delay of nearly five years, lenders have now started progressively releasing the bank guarantees and letters of credit worth Rs 510.59 crore envisaged under the resolution plan. The facilities are being made available based on the company's current business requirements. Jyoti Structures highlighted that the non-availability of these financial facilities had significantly restricted its ability to execute its existing order book. The release of these facilities is expected to strengthen the company's operational capabilities, accelerate the execution of pending orders and improve its ability to secure fresh business opportunities in the power transmission and infrastructure sectors.