The exact date of incorporation is not vailable. However we can
construe that the company was incorporated in the early 1960s from
the fact that the company held its 31st Annual General Meeting in
The company is managed by Mr S K Bangur as the Chairman and Managing
Director.Mr AK Rungta,Mr A K Sureka, Mr D D Kothari, Mr V B
Chaturvedi and Mr Prabir Chakravarti are other directors. There are
also three other nominee directors of the financial institutions. A
special director of the B I F R is also on the board of directors.
The activities of the company mainly revolves around the
manufacturing of Caustic Soda, Chlorine,Hydrochloric Acid,Sodium
Hydrosulphite, Sulphur Di Oxide and Sulphuric Acid.
The details of the events during the period 1960s to 1991 are not
During the ensuing period the company continued to incur losses and
reported sick. A reference was made to the B.I.F.R. during the early
1990s which later sanctioned an amended scheme of rehabilitation cum
expansion scheme vide its order dated 09.09.1992. However the scheme
could not be sanctioned due to unavoidable circumstances. A revised
scheme has been submitted to the operating agency I.D.B.I vide the
B.I.F.R.order dated 10.06.1993 which is still under consideration
by the operating agency.
The Sodium Hydrosulphite plant could not be run because of
uneconomical market conditions. The position of this plant's machines
and stores is yet to be ascertained.
The Labour Agreement has lapsed on 31.12.1992.and a fresh agreement
with the staff is under negotiation.
The company does not have any subsidiary.
-Company has informed that the Company has designated an E-mail ID
exclusively for redressing investor's grievances:
-Jayshree Chemicals Ltd Issues Rights in the Ratio of 9:2