Based on the recommendation of Nomination and Remuneration Committee the Board has considered and approved the appointment of Smt Puja Guin (Membership no - A29481) as Company Secretary ....
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The Board of Directors of Jayshree Chemicals Ltd met on April 24, 2025 and approved multiple items. Audited financial results for Q4 and FY ended March 31, 2025 were approved with an unmodified opinion from statutory auditors AMK & Associates. Smt. Puja Guin (ACS-29481) was appointed as Company Secretary and Compliance Officer, and also designated as Nodal Officer under IEPF Rules. M/s Jaiswal A & Co was recommended as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. The Board approved the sale of its wind mill (wind power generation) division as a going concern on a slump sale basis to M/s Vaishnav Infra Pvt Ltd for Rs. 276 Lakhs, with completion expected by June 2025; this division contributed about 96% of revenue and 27% of net worth. The Board also decided to permanently shut down the Electric Business Division by end of April 2025.
Shareholders should note the company is divesting its wind power division (a major revenue contributor at ~96% of turnover) and closing its electric division, signalling a strategic shift toward focusing on its chemical trading business. The proceeds of Rs. 276 Lakhs will be used for working capital and general corporate purposes. The 63rd AGM is scheduled for June 10, 2025, where shareholder approval for the secretarial auditor appointment and the wind mill division sale will be sought.