The Board of Directors of the Company at its meeting held on 24.04.2025 has approved the sale of its wind mill division engaged in wind power generation as a going concern basis on slump ....
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At its 24 April 2025 board meeting, Jayshree Chemicals approved audited results for FY25 showing a reduced net loss (Total Comprehensive Income of about Rs -54 lakhs vs Rs -10 lakhs in FY24, with PBT improving sharply to Rs -27 lakhs from Rs -351 lakhs). The Board approved the sale of its wind mill division (which contributed 96% of FY25 turnover at Rs 1,619 lakhs and 27% of net worth) to M/s Vaishnav Infra Pvt Ltd on a slump sale basis for Rs 276 lakhs, subject to shareholder approval at the 10 June 2025 AGM. The Board also decided to permanently shut down the Electric Business Division, a non-operational unit. Other decisions included appointing Smt. Puja Guin as Company Secretary & Compliance Officer and Nodal Officer under IEPF Rules, recommending M/s Jaiswal A & Co as Secretarial Auditor for FY26-FY30, and confirming the company is not classified as a Large Corporate.
This is a significant restructuring - the company is exiting its wind power business (which drove nearly all revenue) to refocus on and expand its chemical trading operations, using the Rs 276 lakh proceeds for working capital and growth. Existing shareholders should expect a sharp change in the company's revenue base and a clear strategic pivot away from power generation toward chemicals.