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Jayshree Chemicals
BSE: 506520|ISIN: INE693E01016|SECTOR: Chemicals
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Company History - Jayshree Chemicals
 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
 September 1993.                                                      
                                                                       
                         
 
 Promoters:                                                           
     
 
 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.  
     
 
 Activities:                                                          
                
 
 The activities of the company mainly revolves around the
 manufacturing of Caustic Soda, Chlorine,Hydrochloric Acid,Sodium
 Hydrosulphite,           Sulphur Di Oxide and Sulphuric Acid.        
                              
 
 Events:                                                              
            
 
 The details  of the events during the period 1960s to 1991 are not
 available.                                                           
   
 
 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.                                 
     
 
 Subsidiary:                                                          
     
 
 The company does not have any subsidiary.
 
 2008
 
 -Company has informed that the Company has designated an E-mail ID
 exclusively for redressing investor's grievances:
 
 rckalani@jayshreechemicals.com
 
 2010
 -Jayshree Chemicals Ltd Issues Rights in the Ratio of 9:2
Source : Dion Global Solutions Limited
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