The 63rd Annual General Meeting of the Company is scheduled to be held on Tuesday, 10th June, 2025 at 12.15 p.m. through video conference/other Audio Visual Means.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jayshree Chemicals has called its 63rd AGM on 10th June 2025 at 12:15 PM via video conferencing, with e-voting open from 7th–9th June 2025 (cut-off 3rd June). The agenda includes routine items like adoption of FY25 accounts, re-appointment of Chairman Virendraa Bangur (rotational), and appointment of a new Secretarial Auditor for FY26–FY30. A key special resolution seeks shareholder approval to sell the company's 1.25 MW wind mill at Coimbatore (Tamil Nadu) on a slump sale basis to Vaishnav Wind Infra Pvt. Ltd. for Rs. 2.76 crore — this asset contributed 96% of turnover (Rs. 16.19 crore) and 27% of net worth (Rs. 2.74 crore) in FY25. The company reported FY25 revenue of Rs. 16.88 crore (up from Rs. 12.81 crore) but swung to a net loss of Rs. 26.61 lakh versus a Rs. 3.50 crore profit in FY24. Proceeds from the wind mill sale will fund working capital and expansion of the chemical trading business.
Shareholders should vote on the wind mill divestment, which removes a loss-making/legacy renewable energy vertical and frees up capital for the core chemicals trading business. The swing back to a loss in FY25 and continued accumulated losses of Rs. 31.89 crore suggest the company is restructuring — the slump sale is a step toward refocusing but no change in shareholding is expected.