The Board of Directors at its meeting held on 24.04.2025 has appointed Smt. Puja Guin (Company Secretary & Compliance Officer) of the Company as the Nodal Officer of the Company w.e.f 24.04.2025 ....
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The Board of Directors of Jayshree Chemicals Ltd met on 24th April 2025 and approved multiple items. The company reported audited financial results for Q4 and FY ended 31st March 2025, with the statutory auditor (M/s AMK & Associates) issuing an unmodified opinion. Smt. Puja Guin was appointed as Company Secretary, Compliance Officer, and Nodal Officer (IEPF). The Board approved the sale of its wind mill division (which contributed 96% of turnover at Rs. 1,619.20 lakhs and 27% of net worth at Rs. 274.06 lakhs) to M/s Vaishnav Infra Pvt Ltd on a slump sale basis for Rs. 276 lakhs, subject to shareholder approval. The Board also approved the permanent closure of the Electric Business Division, which contributed NIL to turnover. M/s Jaiswal A & Co was recommended as Secretarial Auditor for a 5-year term (FY 2025-26 to 2029-30). The 63rd AGM is scheduled for 10th June 2025 via video conferencing.
The divestment of the wind mill division, which contributed 96% of revenue, signals a major strategic shift away from wind power generation toward the core chemical trading business. While the Rs. 276 lakh consideration provides liquidity, shareholders should note that the company is exiting its primary revenue-generating division. Closure of the loss-making Electric Division is a cost-rationalization positive. The company continues to report net losses, indicating ongoing operational challenges.