Dear Shareholder''s
 
 Over the years, Jayshree Chemicals Limited has evolved with an ambition
 to emerge as a leader in the Chlor-Alkali Chemical industry in Eastern
 India.
 
 Fortified with new learning and acumen, we at Jayshree Chemicals
 Limited have focused to transform our facility to environment friendly
 Membrane Cell Technology that not only strengthens our foundation but
 also enhances our productivity.
 
 2011-12 finally marked a year of inspiring accomplishment wherein we
 started the production at our upgraded facility. The steep rise in
 cost of power and raw materials dented our profitability, but our mood
 is upbeat for the future. We know about the rising demand of Aluminium
 and other user industries, which shows a brighter future ahead for a
 Company like ours well supported through our experience in the terrain
 in which we operate.
 
 The synergies of our initiatives are linked to match best technology &
 quality with competitiveness, enhancing customer relationship and
 building new markets.
 
 Our untiring efforts in the past and our wisdom will now translate into
 stronger & sustained business focus and a growing dependence on
 consensual decision-making for enhancing shareholder value.
 
 Each day is a day to deliver at our Company. Every day, I see how the
 dedication and hard work of my colleagues is quietly transforming the
 face of our Company and making its future brighter and prospective. We
 aspire to come out with the best and deliver on our commitments.
 
 With warm regards
 
 S KBangur