The Board at their meeting held on 24.04.2025 has recommended the appointment of M/s Jaiswal A & Co as the Secretarial Auditor of the Company for a term of 5 consecutive year commencing ....
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The Board of Jayshree Chemicals, at its meeting on 24th April 2025, approved audited financial results for Q4 and FY25 ending 31st March 2025 with an unmodified opinion from statutory auditors AMK & Associates, reporting a net loss of around Rs. 27 lakhs for FY25 (improved from Rs. 351 lakh loss in FY24). The Board approved the sale of the company's wind power (wind mill) division on a slump sale basis to M/s Vaishnav Infra Pvt Ltd for Rs. 276 lakhs — notably, this division contributed about 96% (Rs. 1,619.20 lakh) of last year's turnover and around 27% of net worth. The Board also decided to permanently shut down the Electric Business Division, which had NIL contribution to turnover and net worth. Smt. Puja Guin was appointed as Company Secretary & Compliance Officer and Nodal Officer under IEPF Rules, while M/s Jaiswal A & Co was recommended as Secretarial Auditor for a 5-year term (FY26–FY30), subject to shareholder approval. The 63rd AGM is scheduled for 10th June 2025.
This is a major restructuring — the company is divesting its main revenue-generating wind power business and shutting down another unit, leaving primarily a small chemical trading segment. Shareholders should expect a sharp drop in future revenue and earnings, though the company plans to redeploy proceeds into working capital and expansion of its chemical trading business. The transaction is subject to shareholder approval at the upcoming AGM.