The Board at their meeting held on 24.04.2025 has authorized the CFO and CS to determine the materiality of an event to make disclosure to Stock Exchange under Regulation 30(5) of SEBI ....
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The Board of Jayshree Chemicals approved the audited financial results for the quarter and year ended 31 March 2025, with the statutory auditor (AMK & Associates) issuing an unmodified (clean) opinion. The company reported a net loss for FY25, though significantly reduced from the prior year's loss of Rs. 351 lakh to Rs. 27 lakh. A major strategic decision was the approval to sell its Wind Power Division as a going concern on a slump sale basis to M/s Vaishnav Infra Pvt Ltd for Rs. 276 lakh — notably, this division contributed 96% of the company's turnover (Rs. 1,619.20 lakh) and 27% of net worth. The Board also approved the permanent closure of the Electric Business Division (an insignificant part of operations). Additionally, Smt. Puja Guin was appointed as Company Secretary & Compliance Officer and Nodal Officer under IEPF Rules, and M/s Jaiswal A & Co was recommended as Secretarial Auditor for a 5-year term. The 63rd AGM is scheduled for 10 June 2025.
Shareholders should note a major restructuring: the company is exiting wind power generation (96% of revenue) to focus on its core chemical trading business, using sale proceeds for working capital and expansion. While the reduced loss is encouraging, the heavy reliance on the soon-to-be-divested wind division and ongoing losses warrant careful evaluation of the post-sale business outlook.