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BSE Code : | NSE Symbol : | ISIN:| SECTOR : |

NSE BSE
 

Volume 280564

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Key Stats

MARKET CAP (RS CR) 148.23
P/E 12.21
BOOK VALUE (RS) 53.0263689
DIV (%) 0
MARKET LOT 1
EPS (TTM) 11.14
PRICE/BOOK 2.5647616991553
DIV YIELD.(%) 0
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

27-Oct-2020

Yasho Industries Ltd - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

20-Oct-2020

Yasho Industries Ltd - Announcement under Regulation 30 (LODR)-Investor Presentation

15-Oct-2020

Yasho Industries Ltd - Compliance-Certificate Under Regulation 40(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Half Year Ended 30Th September, 2020

07-Oct-2020

Yasho Industries Ltd - Compliance Certificate For The Half Year Ended 30Th September, 2020.

06-Aug-2020

Yasho Industries to declare Quarterly Result

08-Jul-2020

Yasho Industries to convene AGM

16-Jun-2020

Yasho Industries to discuss results

04-May-2020

Yasho Industries director resigns

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
A-1 Acid Ltd 542012
Aarti Industries Ltd 524208 AARTIIND
Aarti Surfactants Ltd 543210 AARTISURF
Absolute Aromatics Ltd 40209
Aditya Info-Soft Ltd 530693
Advanced Enzyme Technologies Ltd 540025 ADVENZYMES
Akzo Nobel Chemicals (India) Ltd 500082 CENTAKCHEM
Alang Industrial Gases Ltd 531517
Alkali Metals Ltd 533029 ALKALI
Alkyl Amines Chemicals Ltd 506767 ALKYLAMINE
Allied Resins & Chemicals Ltd(merged) 524538 ALLIEDRES
Alufluoride Ltd 524634
Ambani Organics Ltd 535097 AMBANIORG
Amex Carbonates & Chemicals Ltd 531321
Amines & Plasticizers Ltd 506248
Aminex Chemicals Ltd (Wound-up) 524386
Amit Alcohol & Carbon Dioxide Ltd (Merged) 506904
Anan Drug & Chem Ltd 531999
Andhra Petrochemicals Ltd 500012 ANDHRAPET
Anjana Explosives Ltd 40329
Archit Organosys Ltd 524640
Arvin Liquid Gases Ltd 523404
Ashok Alco-Chem Ltd 524594 ASHOKALCO
Asian Petroproducts & Exports Ltd 524434
Asiatic Oxygen Ltd 40030
Avikem Resins Ltd 523784
Avon Lifesciences Ltd 531541
B L Industries (India) Ltd 530637
Balaji Amines Ltd 530999 BALAMINES
Barium Chemcials Ltd 506275
Baroda Carbons Ltd 523527
BASF India Ltd 500042 BASF
Benzo Petro International Ltd 524737
Benzo Petrochemicals Ltd (Wound Up) 524196
Bhagawati Gas Ltd 500051 BAGWATIGAS
Bhagawati Oxygen Ltd 509449
Bhuruka Gases Ltd 509728
Bhuvan Tripura Industries Ltd 524725
Binaca Synthetic Resins Ltd 514344
Borax Morarji Ltd(Merged) 506315
Burmah Petro Products Ltd 40310
C J Gelatine Products Ltd 507515
Cabot India Ltd 506700 CABOTINDIA
Camlin Fine Sciences Ltd 532834 CAMLINFINE
Canvay Chemicals Ltd 531535
Caprolactam Chemicals Ltd 507486
Carbon & Chemicals India Ltd (Merged) 505813
Castrol India Ltd 500870 CASTROLIND
Cellulose Products of India Ltd 506345
Chembond Chemicals Ltd 530871 CHEMBOND
Chemcon Speciality Chemicals Ltd 543233 CHEMCON
Chemcrux Enterprises Ltd 540395
Chemfab Alkalis Ltd 541269 CHEMFAB
Chemiesynth (Vapi) Ltd 539230
Chemplast Sanmar Ltd 506355 CHEMPLAST
Chimique Laboratories (India) Ltd 40300
Ciba India Ltd(merged) 532184 CIBASPEC
Cilson Organics Ltd 532147
Citric India Ltd 506370
Citurgia Biochemicals Ltd 506373 CITURGIBIO
Clariant (India) Ltd(merged) 500373 CLARIANT
Clariant Chemicals (India) Ltd 506390 CLNINDIA
Clarisis Organics Ltd 524806
Claro India Ltd 524366
Cochin Minerals & Rutile Ltd 513353
Continental Petroleums Ltd 523232
Core Organics Ltd 524466
Crestchem Ltd 526269
Dai-ichi Karkaria Ltd 526821 DAICHIKARK
Deccan Petroleums Ltd 526375
Deepak Fertilizers & Petrochemicals Corp Ltd 500645 DEEPAKFERT
Deepak Nitrite Ltd 506401 DEEPAKNTR
Dharamsi Morarji Chemicals Co Ltd 506405 DHARAMORAR
DIC India Ltd 500089 DICIND
Diviya Chemicals Ltd 506810
Doctors Biotech India Ltd 512079
Dujodwala Paper Chemicals Ltd 524276
Elantas Beck India Ltd 500123 DRBECK
Ellenbarrie Industrial Gases Ltd 590087
Emmessar Biotech & Nutrition Ltd 524768
EPIC Enzymes Pharma & Industrial Chemicals Ltd 524374
Excel Industries Ltd 500650 EXCELINDUS
Ficom Organics Ltd(merged) 506443 FICOMORGAN
Fine Organic Industries Ltd 541557 FINEORG
Fineotex Chemical Ltd 533333 FCL
Fischer Chemic Ltd 524743
Foseco India Ltd 500150 FOSECOIND
Futuristic Offshore Services and Chemical Ltd 500154 GANESHANHY
Gagan Gases Ltd 524624
Galaxy Oleo-Chem (India) Ltd 40207
Ganesh Benzoplast Ltd 500153 GANESHBENZ
GBL Industries Ltd 539009
GFL Ltd 500173 GFLLIMITED
GHCL Ltd 500171 GHCL
Glory Chemicals Ltd 531532
Goa Carbon Ltd 509567 GOACARBON
GOCL Corporation Ltd 506480 GOCLCORP
Godrej Industries Ltd 500164 GODREJIND
Goiex Michio Sudo Ltd 507978
GOM Industries Ltd 523802
Goodearth Industries Ltd 526929
Goodearth Organic (India) Ltd [Wound-up] 524300
Govind Poy Oxygen Ltd 509586
GP Petroleums Ltd 532543 GULFPETRO
Grauer & Weil (India) Ltd 505710
Gresoil (India) Ltd 530483
Gujarat Carbon & Industries Ltd 506457
Gujarat Fluorochemicals Ltd 542812 FLUOROCHEM
Gujarat Indo-Lube Ltd 523552
Gujarat Oiland Industries Ltd (Wound Up) 507866
Gujarat Organics Ltd 501368
Gujarat Speciality Lubes Ltd 523880
Gujchem Distillers India Ltd 506640
Gulf Oil India Ltd - Merged 511026 GULFOIL
Gulf Oil Lubricants India Ltd 538567 GULFOILLUB
Gulshan Polyols Ltd 532457 GULPOLY
Gulshan Sugars & Chemicals Ltd(merged) 524184
Haryana Leather Chemicals Ltd 524080
Hemo Organic Ltd 524590
Hico Products Ltd 506461
Hilltone Industrial Gases Ltd 40441
Himadri Speciality Chemical Ltd 500184 HSCL
Hindcon Chemicals Ltd 535053 HINDCON
Hindustan Industrial Chemicals Ltd 524679 HINDINDCHM
Hindustan Organic Chemicals Ltd 500449 HOCL
Hindustan Oxygen Gas Ltd 509660
Hubergroup India Pvt Ltd 523886 MICRO
I G Petrochemicals Ltd 500199 IGPL
IBP Co. Ltd(merged) 500198 IBP
Iccon Oil & Specialities Ltd 523766
India Carbon Ltd 40012
India Gelatine & Chemicals Ltd 531253
India Glycols Ltd 500201 INDIAGLYCO
Indian Electro Chemicals Ltd 506490
Indo Amines Ltd 524648
Indo Borax & Chemicals Ltd 524342
Indo Gulf Industries Ltd 506945
Indo Vanillon Chemicals Ltd 531267
Indu Nissan Oxo Chemicals Industries Ltd 500208 INDUNISSAN
Inox Air Products Pvt Ltd 526534 INDOXYGEN
Insilco Ltd 500211 INSILCO
Iota Chemiculture Ltd(Liquidated) 524630
IVP Ltd 507580 IVP
J F Laboratories Ltd 523804 JFLABS
J.R. Organics Ltd 506650
Jay Agrochem Ltd (Wound Up) 513504
Jayant Agro Organics Ltd 524330 JAYAGROGN
Jocil Ltd 500561 JOCIL
Jyoti Resins and Adhesives Ltd 514448
K P Gelatines & Chemicals India Ltd (Wound-up) 524741
Kamar Chemicals & Industries Ltd 531001
Kanchi Karpooram Ltd 538896
Kanva Hydro Chem Ltd 524685
Karnataka Chemical Industries Corp Ltd 530105
Karnav Leather Chemicals Ltd 524432
Kavit Industries Ltd 524444
Keltech Energies Ltd 506528
Kesar Petroproducts Ltd 524174
Kilburn Chemicals Ltd 524699
Kings India Chemicals Corporation Ltd 524214
Kothari Polymers Ltd 40360
Krishna Plastochem Ltd (Wound Up) 524254
Laffans Petrochemicals Ltd 524522
Lime Chemicals Ltd 507759
Linde India Ltd 523457 LINDEINDIA
Link Pharma Chem Ltd 524748
Lords Chemicals Ltd 530039
M.P. Carbide & Chemicals Ltd 506925
Madras Petrochem Ltd 500261
Maha Chemicals Ltd (Wound-up) 524556
Maharashtra Explosives Ltd (Wound-up) 506871
Maharashtra Polybutenes Ltd 524232
Mangalam Organics Ltd 514418
Mark Omega Organic Industries Ltd 524681
Maruti Industrial Carbohydrates Ltd 524814
Maruti Organics Ltd 524402 MARUTIORNG
Master Chemicals Ltd 506867
Mehta Rubber Chemcials Ltd 526536
Mehta Sulfites (India) Ltd 530029
mk Aromatics Ltd 531011
Modipon Ltd 503776 MODIPON
Motorol (I) Ltd 508965 MOTOROL
Motorol Enterprises Ltd 523049 RINKIPETRO
Motorol Speciality Oils Ltd 506954
MTZ Industries Ltd 500275 METAZINC
Murablack India Ltd 523578 MURABLACK
Mysore Petro Chemicals Ltd 506734 MYSORPETRO
Nacro Chemicals Ltd 524350
Nariman Point Chemical Industries Ltd 524224
Narmada Gelatines Ltd 526739 SHAWGELTIN
National Oxygen Ltd 507813 NOL
National Peroxide Ltd 500298 NATPEROXID
Navin Fluorine International Limited 532504 NAVINFLUOR
Neogen Chemicals Ltd 542665 NEOGEN
Newton Engineering & Chemicals Ltd 524474
Nikhil Adhesives Ltd 526159
Niraj Petrochemicals Ltd 500454 NIRAJPETRO
Nitta Gelatin India Ltd 506532 KERALACHEM
NLC Nalco India Ltd 524101 NALCOCHEM
Noble Explochem Ltd 506991
NOCIL Ltd 500730 NOCIL
Nova Chemie (India) Ltd 40188
Ojas Technochem Products Ltd(wound-up) 526427
Omkar Pharmachem Ltd 532167
Omkar Speciality Chemicals Ltd 533317 OMKARCHEM
Organic Coatings Ltd 531157
Orient Organics Ltd 524766
Oriental Aromatics Ltd 500078 OAL
Oriental Carbon & Chemicals Ltd 506579 OCCL
Orissaa Organics Ltd 524392
Oswali Chemicals Ltd 506916
Padmanabh Industries Ltd 526905
Paintex Chemicals (Bombay) Ltd 524178
Partap Industries Ltd 531926
Paschim Petrochem Ltd 531005
Pentasia Chemicals Ltd (Merged) 507739
Pentokey Organy (India) Ltd 524210
Phillips Carbon Black Ltd 506590 PHILIPCARB
Pidilite Industries Ltd 500331 PIDILITIND
Pinky Chemicals Ltd 524671
Plastiblends India Ltd 523648 PLASTIBLEN
POCL Enterprises Ltd 539195
Poddar Pigments Ltd 524570 PODDARMENT
Polyolefins Industries Ltd (Merged) 506610
Pondy Oxides & Chemicals Ltd 532626 PONDYOXIDE
Premier Explosives Ltd 526247 PREMEXPLN
Privi Speciality Chemicals Ltd 530117 PRIVISCL
Prolife Industries Ltd 538392 PROLIFE
Protchem Industries (India) Ltd 524117
Punjab Chemicals & Crop Protection Ltd 506618 PUNJABCHEM
Rain Calcining Ltd(merged) 532153 RAINCALCIN
Rathi India Ltd 506959
Refex Industries Ltd 532884 REFEX
Refnol Resins & Chemicals Ltd 530815
Rencal Chemicals (India) Ltd 524510
Resonance Specialities Ltd 524218
Revati Organics Ltd 524504
Rhodia Specialty Chemicals India Ltd(Merged) 506230 ALBRMORARJ
Ritesh International Ltd 519097
Rock Hard Petro Chemical Industries Ltd 524194
Rossari Biotech Ltd 543213 ROSSARI
Rukmani Metals & Gaseous Ltd 40695
S H Kelkar & Company Ltd 539450 SHK
S K R Chemicals Ltd 530371
Salvigor Laboratories Ltd (Merged) 524268
Sanderson Industries Ltd 507728 SANDERIND
Sanginita Chemicals Ltd 538408 SANGINITA
Sarang Chemicals Ltd 532031
Searsole Chemicals Ltd (Wound-up) 506644
Seya Industries Ltd 524324 SEYAIND
Shaba Chemicals Ltd 524546
Shaper Chemicals Ltd (Wound-up) 524566
Shayona Petrochem Ltd 531538
Shentracon Chemicals Ltd 530757
Shree Benzophen Industries Ltd 531389
Shree Neelachal Laboratories Ltd 531487
Shri Ambuja Petro Chemicals Ltd 506742
Shri Aster Silicates Ltd 533219 SHRIASTER
Shri Nicosect Ltd 526437
SI Group - India Ltd 506460 SIGROUPIND
SMZS Chemicals Ltd(wound-up) 524160 SMZSCHEM
Solar Industries India Ltd 532725 SOLARINDS
Sonal Sil Chem Ltd 524673
Southern Gas Ltd 509910
Speciality Petrolubes Ltd 523525
Sree Rayalaseema Hi-Strength Hypo Ltd 532842 SRHHYPOLTD
Sree Rayalaseema Petrochemicals Ltd (Merged) 524618
Sreechem Resins Ltd 514248
SRHHL Industries Ltd (Merged) 524410 SRHHLINDST
Sterling Biotech Ltd 512299 STERLINBIO
Sudev Chemicals Ltd 40666
Sun Star Chemicals Ltd 524536 SUNSTRCHEM
Sunshield Chemicals Ltd 530845
Sunstar Lubricants Ltd 524452 SUNSTARLUB
Superior Air Products Ltd (Merged) 526469
Swarnajyothi Agrotech & Power Ltd 590090
Tamil Nadu Industrial Explosives Ltd 524028
Tanfac Industries Ltd 506854 TANFACIND
Tata Chemicals Ltd 500770 TATACHEM
TCM Ltd 524156
TECIL Chemical & Hydro Power Ltd 506680 TECILCHEM
Tetrahedron Ltd 40308
Thirani Chemicals Ltd (Merged) 524125
Thirumalai Chemicals Ltd 500412 TIRUMALCHM
Tide Water Oil Co (I) Ltd 590005 TIDEWATER
Tirupati Inks Ltd 533258
Transpek Industry Ltd 506687 TRANSPEK
Tria Fine Chem Ltd 524721
Tribology India Ltd 40171
Trigon Zinco Ltd 530287
Tulasee Bio-Ethanol Ltd 524514
Tyche Industries Ltd 532384
U P Lime Chem Ltd 524677
Unique Oils India Ltd 523250
Urvi Chemicals & Allied Industries Ltd 501371
Vadilal Chemicals Ltd 40485
Vadivarhe Speciality Chemicals Ltd 538429 VSCL
Valiant Organics Ltd 540145 VALIANTORG
Vasundhara Rasayans Ltd 538634
VBC Industries Ltd 524310
Vibros Organics Ltd 530487
Vijayshree Chemicals (India) Ltd 524312
Vikas Wsp Ltd 519307 VIKASWSP
Vinati Organics Ltd 524200 VINATIORGA
Vishnu Chemicals Ltd 516072 VISHNU
Vision Organics Ltd 532383 VISIONLTD

Share Holding

Category No. of shares Percentage
Total Foreign 0 0.00
Total Institutions 0 0.00
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 0 0.00
Total Promoters 8075000 74.09
Total Public & others 2824200 25.91
Total 10899200 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Yasho Industries Ltd

Yasho Industries Limited was incorporated as a private limited company with the name 'Vasu Preservatives Private Limited' on October 30, 1985. The name of the Company was changed to 'Yasho Industries Private Limited' on May 17, 1996. The status of the Company was changed to a public limited company and the name of the Company was further changed to 'Yasho Industries Limited' on February 19, 2018. The Company is engaged in manufacturing of varied re-engineered chemicals since 2 (two) decades. These are Aroma Range Chemicals - The company manufactures various chemicals like fatty esters and Natural Essential/ aroma oils which caters to gamut of Personal Care, Cosmetics & Toiletries, Flavors & Fragrances and Pharmaceutical segments. Food Antioxidant Range Chemicals - The Company manufactures TBHQ (Tertiary-butyl hydroquinone), BHA (Butylated Hydroxy Anisole), AP (Ascorbyl Palmitate) and various complementary antioxidants which are used in various food products. Lube Range and Rubber Range Chemicals - The Company manufactures additives which include Aminic Antioxidants, Molybdemum based Extreme Pressure & Anti Wear Additives and Corrosion inhibitors and chemicals like Benzotriazole and Tolytrizole which are required by the Petroleum and Synthetic Lubricants industry. The Company also caters to leading processors of rubber in the Auto Ancillary, Tyre Industry, Construction, Industrial Machinery and White Goods sector. Speciality Range Chemicals - The Company manufactures various Specialty Chemicals used in different segment of industry such as Electroplating chemicals, Intermediates for API/Bulk Drugs, UPR Resins/ Fibre Composites Resins, Thermoplastics Urethanes (Polyurethanes), Printing Inks & Agrochemicals etc. The Company markets, sells and distributes its wide range of products to their diverse customers based in India and abroad. Over the years the company has established its sales network both in domestic and international markets. These products are exported to various countries i.e. USA, South America, Europe, Iran, Australia, South Africa, Singapore, Germany, Asia. etc. The Company is focused on consistently upgrading the technology used in its products as well as the processes used in manufacturing varied products through its research and development ('R&D') efforts. The Company has a dedicated R&D centre located at its manufacturing facilities. The State-of-the-art laboratory uses modern quality control methods and sophisticated instrumentation such as AAS (Atomic Absorption Spectrophotometer), Digital Polarimeter, DSC (Differential Scanning Calorimetry), FTIR (Fourier-Transform Infrared Spectroscopy), GC (Gas Chromatography), HPLC (High-performance liquid chromatography), Refractometer UV Spectrophotometer. R&D centre is equipped with various equipments as required for processing of the chemicals. The Company has 2 manufacturing units located close to each other at Vapi, Gujarat. The Company is certified by ISO 9001:2015, which is assessed and certified by Bureau Veritas Certification Holding SAS - UK Branch which confirms to the requirements of the management standard for manufacturing of various chemicals. The Company has pre-registered certain products under REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) Regulation, wherein the manufacturers and importers of substances have a general obligation to submit a registration to the European Chemicals Agency for each substance manufactured or imported in quantities of 1 tonne or more per year per company. The Company exports some of its products to European countries and hence it has pre-registered certain products under REACH Regulation. The Company has received various certifications confirming its products to be in line with National and International Standards i.e. HALAL Certifications, STAR KOSHER Certifications, NSF Certifications, FAMIQS Certification, FSSC Certification.

Yasho Industries Ltd Chairman Speech

From the Desk of Chairman and Managing Director

Dear Shareholders,

It is a privilege to present before you the FY 2017-18 Annual Report of the Company, our first one since the successful maiden public issue and listing in the BSE Ltd. under the SME category. The IPO was an important part of our corporate growth strategy and I thank all the investors to have reposed their trust on us with such an overwhelming response. Our new journey could not have started in a better way. And I assure you, that your Company will take every right step to ensure wealth creation for all its stakeholders.

Before I take you through our current year's performance and what the future holds for us, let me take a moment to tell you what we have achieved in these two decades of existence. Being engaged in chemical manufacturing, the greatest challenge in scaling business is to ensure the products meet required quality and safety standards. The fact that our products are exported to some 40 different countries having stringent quality and environment norms, endorses the kind of standards that we have. We are proud to have achieved this and are confident this will enable us to achieve stronger growth in coming years.

Performance review of the year

Your Company has seen an appreciable performance in the last financial year. Our revenues have grown by 27% to Rs. 24,980.44 lakhs and EBITDA grew 27% to Rs. 3,159.53 lakhs. This strong operating performance was driven by better capacity utilisation at our plants – both of which achieved over 90% utilisation compared to 85% in FY 2016-17. This led to increase in production and better spread of overheads. Our net profit growth at 117% to Rs. 797.13 lakhs was much stronger, driven by higher demand in Europe and USA market and benefit of China pollution issue.

We introduced products in the lube segment like extreme pressure additives and corrosion inhibitors. Also, it was a matter of pride for us as we ventured into two new markets: China and Russia.

Industry optimism

While we are prepared as an organisation to scale new heights, what makes me even more confident of our future is the immense opportunity that lies ahead. Globally, the specialty chemical market is expected to grow at a compounded 5.30% through 2017 to 2025 and reach a size of USD 589.80 billion. This growth would be driven by economic growth of Asia-Pacific region, higher demand for environment-friendly chemicals and sustainable operations, and increasing demand for value-added offerings from specialty chemical manufacturers.

Closer home, the Indian market for specialty chemicals is expected to grow at compounded 10% until FY 2025 and nearly double in size. This will be boosted by higher demand from the end user industries and increasing adoption of specialty chemicals. The demand is likely to peak in FY 2018-19 driven by the tighter global supply as companies in China face stringent environmental regulations.

The positive economic scenario globally will catalyse this development. The global economy is forecasted to grow at 3.9% with improving trade scenario and recovery in several key economies. In India, backed by stabilisation of various structural reforms, the economy is now expected to be back on track and record steady growths of over 7% in the coming years.

Outlook

We remain confident for quite a few reasons. We have all the necessary quality certifications and our products are witnessing strong traction in the international markets. In FY 2017-18, exports accounted for 56% of total revenues. Our proximity to Middle East, the global source of petrochemicals feedstock enables procurement at low cost, which in turn enables us to maintain low cost of production. With our quality and competitive pricing, we are well-placed in the industry.

Our wide portfolio of products across food antioxidant, rubber, aroma, lube and specialty categories provide us scope to cater to several end user industries. This provides us the advantage of diversification as well as the opportunity to scale each category.

Further, buoyed by our public issue, we have raised a sum of Rs. [899.20] lakhs. We will utilise the proceeds of this issue towards capacity expansion programme for lube additives, rubber antioxidants and food antioxidants. Expansion in these segments will enable us take advantage of opportunities arising due to change in government policies.

I thank all our stakeholders for their continued trust and support. A special mention to our employees, whose efforts have contributed to the Company's success. We will provide every opportunity to our employees to help them improve skills, build better career and continue contributing to the Company's performance.

Finally, I would end by saying that this is a new beginning for the Company and we will undertake every effort to ensure its success.

Warm regards,

Sd/-

Parag Jhaveri

Chairman and Managing Director

   

Yasho Industries Ltd Company History

Yasho Industries Limited was incorporated as a private limited company with the name 'Vasu Preservatives Private Limited' on October 30, 1985. The name of the Company was changed to 'Yasho Industries Private Limited' on May 17, 1996. The status of the Company was changed to a public limited company and the name of the Company was further changed to 'Yasho Industries Limited' on February 19, 2018. The Company is engaged in manufacturing of varied re-engineered chemicals since 2 (two) decades. These are Aroma Range Chemicals - The company manufactures various chemicals like fatty esters and Natural Essential/ aroma oils which caters to gamut of Personal Care, Cosmetics & Toiletries, Flavors & Fragrances and Pharmaceutical segments. Food Antioxidant Range Chemicals - The Company manufactures TBHQ (Tertiary-butyl hydroquinone), BHA (Butylated Hydroxy Anisole), AP (Ascorbyl Palmitate) and various complementary antioxidants which are used in various food products. Lube Range and Rubber Range Chemicals - The Company manufactures additives which include Aminic Antioxidants, Molybdemum based Extreme Pressure & Anti Wear Additives and Corrosion inhibitors and chemicals like Benzotriazole and Tolytrizole which are required by the Petroleum and Synthetic Lubricants industry. The Company also caters to leading processors of rubber in the Auto Ancillary, Tyre Industry, Construction, Industrial Machinery and White Goods sector. Speciality Range Chemicals - The Company manufactures various Specialty Chemicals used in different segment of industry such as Electroplating chemicals, Intermediates for API/Bulk Drugs, UPR Resins/ Fibre Composites Resins, Thermoplastics Urethanes (Polyurethanes), Printing Inks & Agrochemicals etc. The Company markets, sells and distributes its wide range of products to their diverse customers based in India and abroad. Over the years the company has established its sales network both in domestic and international markets. These products are exported to various countries i.e. USA, South America, Europe, Iran, Australia, South Africa, Singapore, Germany, Asia. etc. The Company is focused on consistently upgrading the technology used in its products as well as the processes used in manufacturing varied products through its research and development ('R&D') efforts. The Company has a dedicated R&D centre located at its manufacturing facilities. The State-of-the-art laboratory uses modern quality control methods and sophisticated instrumentation such as AAS (Atomic Absorption Spectrophotometer), Digital Polarimeter, DSC (Differential Scanning Calorimetry), FTIR (Fourier-Transform Infrared Spectroscopy), GC (Gas Chromatography), HPLC (High-performance liquid chromatography), Refractometer UV Spectrophotometer. R&D centre is equipped with various equipments as required for processing of the chemicals. The Company has 2 manufacturing units located close to each other at Vapi, Gujarat. The Company is certified by ISO 9001:2015, which is assessed and certified by Bureau Veritas Certification Holding SAS - UK Branch which confirms to the requirements of the management standard for manufacturing of various chemicals. The Company has pre-registered certain products under REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) Regulation, wherein the manufacturers and importers of substances have a general obligation to submit a registration to the European Chemicals Agency for each substance manufactured or imported in quantities of 1 tonne or more per year per company. The Company exports some of its products to European countries and hence it has pre-registered certain products under REACH Regulation. The Company has received various certifications confirming its products to be in line with National and International Standards i.e. HALAL Certifications, STAR KOSHER Certifications, NSF Certifications, FAMIQS Certification, FSSC Certification.

Yasho Industries Ltd Directors Reports

To

The Members

Yasho Industries Limited

Your Directors have the pleasure in presenting the Thirty Fourth Annual Report of the Company on the business and operations of the Company, together with the Audited Financial Statements for the year ended 31st March, 2020.

1. FINANCIAL SUMMARY OR PERFORMANCE OF THE COMPANY

(Rs.in Lakhs)

Particulars YEAR ENDED YEAR ENDED
31.03.2020 31.03.2019
Total Income 30,028.15 34,341.97
Profit before Tax 1,686.17 1,679.14
Less: Tax 487.04 490.10
Profit after tax 1,199.14 1,189.04
Add: Balance brought forward 2,707.22 1,518.18
Net Profit available 3,906.36 2,707.22
for appropriation

2. STATE OF COMPANY'S AFFAIRS

a) The Company has reported total income of Rs.30,028.15Lakhsforthecurrentyearascompared to Rs.34,341.97 Lakhs in the previous year. The Net Profit for the year under review amounted to Rs.1,199.14 Lakhs in the current year as compared to Rs.1189.04 Lakhs in the previous year.

b) Statement of IPO fund Utilization:

During the year IPO funds are fully utilized for the purpose for which it has been raised. Further there was no deviation or variation of PO I fund Utilization from the objects stated in the prospectus.

3. TRANSFER TO RESERVES

The Company has not transferred any amount to General Reserve. However the Company has retained the current year profit in the accumulated Profit and Loss account.

4. DIVIDEND

In a view of the requirements of own funds for expansion of business of the company, the Directors of the company does not recommended dividend for the Financial Year ended 31st March, 2020.

5. SHARE CAPITAL

The paid up Equity Share Capital as on 31st March, 2020 was Rs. 1089.92 Lakhs divided into 1,08,99,200 equity shares of `10/- each. During the year under review, the Company has not issued any equity shares with or without differential voting rights.

6. MATERIAL CHANGES BETWEEN THE DATE OF THE BOARD REPORT AND END OF FINANCIAL YEAR

a) The Company has been listed and traded on the SME Platform of BSE (www.bsesme. com) for more than two years and hence eligible to migrate to the Main Board. The Board of Directors vide their meeting held on 01st May, 2020 proposed to migrate from BSE SME Segment to Main Board of BSE as it will enhance participation of retail investors in large numbers and overall market capitalization of the Company may also get increase.

b) On dated 14th June, 2020 shareholders of the Company has also unanimously approved the migration of the Company from SME Platform of BSE to Main Board in terms of Regulation 277 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulation, 2018

c) Following the COVID-19, a Country wide lockdown was announced on March 27, 2020. Post lifting of the lockdowns, both partial and complete, the Company has been running production capacities sub-normally bearing in mind safety of its workforce and demand for its products. Production, dispatches, sales and account receivables have been affected but is improving. An assessment conducted on the recoverability of the carrying value of assets such as property, plant and equipment, inventory, trade receivable, investment and other current assets as at Balance Sheet date concludes that there is no material impact of COVID-19 thereon. Further, an assessment of the Company's capital, financial resources, liquidity positions, ability to service debt and other financing arrangements for the next one year, indicates financial stability. An evaluation of impact of COVID-19 on internal financial controls over financial reporting concluded that there is no impact of COVID-19 thereon. There is no materially adverse impact of COVID-19 on the financial statements/ results of the Company for the financial year ended 31st March, 2020.

Further, there have been no material changes and commitments, except as mentioned above affecting the financial position of the Company which have occurred between the end of the financial year of the Company to which the financial statements related and the date of the report.

7. PROVISION OF FINANCIAL ASSISTANCE TO THE EMPLOYEES OF THE COMPANY FOR THE PURCHASE OF ITS OWN SHARES

The company has not provided any financial assistance to its employees as per section 67 of the Companies Act, 2013. Further employees of the company do not exercise any voting right in the company directly or indirectly.

8. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE

During the year under review there has been no such significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and company's operations in future.

9. SUBSIDIARY COMPANY

As on 31st March, 2020, the Company does not have any subsidiary.

10. STATUTORY AUDITOR & AUDIT REPORT

M/s V J Shah & Co Chartered Accountants, having firm registration number 109823W was appointed as a Statutory Auditors at the Annual General Meeting of the Company held on 04th August, 2018 for the period of 2 years starting from 1st April, 2018 till the AGM of the company to be held in calendar year 2020.

The Board in its meeting held on 22nd June, 2020 approved and recommended the re-appointment of M/s V J Shah & Co., Chartered Accountants, (FRN. 109823W) as statutory auditors of the Company for a period of five years with effect from ensuing AGM of the Company until the conclusion of the Annual General Meeting to be held in the calendar year 2025. The auditors have confirmed that, their appointment would be in accordance with the provisions of Section 139 of the Act, and the rules made thereunder and that they are not disqualified in terms of Section141 of the Act.

The Auditors' Report does not contain any qualification, reservation or adverse remark.

11. COST AUDITOR

As per the requirements of the Section 148 of the Act read with the Companies (Cost Records and Audit) Rules, 2014 as amended from time to time, your Company is required to maintain cost records and accordingly, such accounts are made and records have been maintained.

The Board of Directors, on the recommendations of the Audit Committee, has approved the reappointment of M/s. Kishore Bhatia and Associates, Cost Accountant (FRN: 00294), as Cost Auditor of the Company for the financial year ending 31st March, 2021, under section 148 of the Companies Act, 2013, and recommends ratification of his remuneration by the shareholders at the forthcoming Annual General Meeting of the Company.

12. CHANGE IN THE NATURE OF BUSINESS

There is no change in the nature of the business of the company

13. DETAILS OF CHANGE IN COMPOSITION OF DIRECTORS OR KEY MANAGERIAL PERSONNEL

In accordance with the provisions of Section 152 of the Act, Mr Yayesh Jhaveri (DIN: 01257668), Director of the Company is liable to retire by rotation at the ensuing Annual General Meeting and being eligible offers himself for re-appointment. The Board recommends his re-appointment for the consideration of the Members of the Company at the ensuing Annual General Meeting. Brief profile of Mr Yayesh Jhaveri has been given in the Notice convening the Annual General Meeting.

Mr. Hiren Goradia (DIN: 08067076), Director of the Company resigned from the position of independent Director of the Company with effect from 2nd May, 2020. The Board of Directors places on record its appreciation towards contributions of Mr. Garodia during his tenure as Director of the Company. Further, on the recommendations of the Nomination and Remuneration Committee, Dr. Prakash Bhate (DIN: 08739162) was appointed as an Independent Director of the Company with effect from 19th May, 2020 who is entitled to hold office up to the date of the ensuing annual general meeting. The Board decided to recommend the appointment of Dr.Prakash Bhateasan Independent Director of the Company at the ensuing Annual General Meeting. Further, there was no change in the composition of key managerial personnel of the Company

14. DEPOSITS

The Company has not invited/ accepted any deposits from the public during the year ended 31st March, 2020. There were no unclaimed or unpaid deposits as on 31st March, 2020.

15. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

The information on conservation of energy, technology absorption and foreign exchange earnings and outgo stipulated under Section 134(3) (m) of the Companies Act, 2013 read with Rule, 8 of The Companies (Accounts) Rules, 2014, is annexed herewith as "Annexure - A".

16. EXTRACT OF ANNUAL RETURN

The details forming part of the extract of the Annual Return in form MGT-9 is annexed herewith as "Annexure - B" to this report and is also available on the Company's website at www.yashoindustries.com

17. RELATED PARTY TRANSACTIONS

All Related Party Transactions entered by the Company during the _nancial year were in the ordinary course of business and at arm's length basis given in the notes to the Financial Statements. There is no material related party transaction and therefore no disclosures are required to be made in Form AOC-2. The Form AOC-2 is annexed herewith as "Annexure - C" to this report

18. CORPORATE SOCIAL RESPONSIBILITY

As a part of its initiative under the "Corporate Social Responsibility" (CSR) drive, the Company has focused in the areas of education, preventive health care and Rural Development. These projects are in accordance with Schedule VII of the Act and the Company's CSR policy. The Report on CSR activities as required under the Companies (Corporate Social Responsibility Policy) Rules, 2014 is annexed as Annexure ‘D' and forms an integral part of this Report.

The Policy has been uploaded on the Company's website at https://yashoindustries.com/ uploads/1/2/7/0/12704555/csr_policy.pdf

19. SECRETARIAL AUDITOR

Pursuant to the provisions of Section 204 of the Act and rules made thereunder, the Company has appointed M/s. Dhrumil M Shah & Co., a Company Secretaries in Practice to undertake the Secretarial Audit of the Company. The Secretarial Audit Report is annexed as Annexure ‘E' and forms an integral part of this Report.

The Secretarial Audit Report does not contain any quali_cation, reservation or adverse remark.

20. PARTICULARS OF EMPLOYEE

The information required pursuant to Section 197(12) of the Companies Act, 2013 read with Rule 5 of the Companies(Appointment and Remuneration of Managerial Personnel)Rules, 2014 in respect of employees of the is given in an "Annexure F" and forms part of this Report.

21. NUMBER OF MEETING OF THE BOARD

During the year 2019-20, the Board of Directors met 5 times.

22. DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the requirement under section 134(3) (C)of the Companies Act, 2013 with respect to Directors' Responsibility Statement, it is hereby confirmed that:

i. In the preparation of the annual accounts for the financial year ended 31st March, 2020, the applicable accounting standards had been followed along with proper explanation relating to material departures;

ii. The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company as at March 31, 2020 and of the pro_t and loss of the company for that period;

iii. The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

iv. The directors had prepared the annual accounts on a going concern basis;

v. The directors, had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively; and

vi. The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

23. DECLARATION BY INDEPENDENT DIRECTORS

All Independent Directors have furnished declarations in accordance with the provisions of Section 149(7) of the Companies Act, 2103 regarding meeting the criteria of Independence as provided under Section 149 (6).

24. COMPANY'S POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION INCLUDING CRITERIA FOR DETERMINING

QUALIFICATIONS, POSITIVE ATTRIBUTES, IN DEPENDENCE OF A DIRECTOR AND OTHER MATTERS PROVIDED UNDER SUB-SECTION (3) OF SECTION 178

Pursuant to provisions of Section 178 of the Companies Act, 2013, the Nomination and Remuneration Committee carried out evaluation of every Director's performanceand the Board has carried out formal annual evaluation of its own performance and that of its Committees and individual Directors has been made. Further, the evaluation of the Independent Directors was carried out by the entire Board, excluding the Director being evaluated.

The Directors were satisfied with the evaluation results,which reflect the overall engagement of the Board and its Committees and on the basis of the Report of the said evaluation, the present term of appointment of Independent Directors shall be continued with the Company.

25. AUDIT COMMITTEE

The Company has constituted Audit Committee under Section 177(1) of the Companies Act, 2013 and Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014.

26. ESTABLISHMENT OF VIGIL MECHANISM

The Company has adopted a Whistle Blower Policy for Directors and Employees to report genuine concerns and to provide for adequate safeguards against victimization of persons who may use such mechanism.

The Whistle Blower Policy has been posted on the website of the Company at https://yashoindustries. com/uploads/1/2/7/0/12704555/vigil_mechanism_ policy_yasho.pdf

27. DISCLOSURE WITH RESPECT TO DIRECTORS' AND KEY MANAGERIAL PERSONNELS' REMUNERATION

The company has complied with the provisions of section 197(12), 197(14) and Rule 5(1) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. The details of remuneration of Directors and Key Managerial Personnels' are disclosed in the Annexure B to the Report.

28. PARTICULARS OF LOANS, GUARANTEES OR INVE STMENTS

Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013 are given in the notes to the Financial Statements.

29. INTERNAL CONTROL SYSTEMS, THEIR ADEQUACY AND INTERNAL AUDITOR

The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations.

The Audit Committee of the Board of Directors actively reviews the adequacy and effectiveness of the internal control systems and suggests improvements to strengthen the same.

The Company continues to engage M/s Varma & Associates, Chartered Accountants as its Internal Auditor.

30. RISK MANAGEMENT POLICY

The Company has a robust Risk Management framework to identify, evaluate business risks and opportunities. This framework seeks to create transparency, minimize adverse impact on the business objectives and enhance the Company's competitive advantage.

31. PREVENTION OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

The Company has in place a policy on Prevention, Prohibition and Redressal of Sexual Harassment at workplace in line with the requirements of The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

The Company is committed to create and maintain an atmosphere in which employees can work together without fear of sexual harassment and exploitation. Every employee is made aware that the Company is strongly opposed to sexual harassment and that such behaviour is prohibited both by law and the Company. During the year under review, there was no complaint of any sexual harassment at work place.

32. ACKNOWLEDGMENTS

Your Directors take this opportunity to place on record their appreciation and sincere gratitude to the Government of India, Government of Maharashtra and Gujarat, and the Bankers to the Company for their valuable support and look forward to their continued co-operation in the years to come.

Your Directors acknowledge the support and co-operation received from the employees and all those who have helped in the day to day management.

For and on behalf of the Board of Directors
Parag Vinod Jhaveri
Place: Mumbai Chairman
Date: June 22, 2020 DIN: 01257685

   

Yasho Industries Ltd Company Background

PARAG VINOD JHAVERIPARAG VINOD JHAVERI
Incorporation Year1985
Registered OfficeOffice 101/102 Peninsula Heigh,CD Barfiwala Marg Andheri(W)
Mumbai,Maharashtra-400058
Telephone91-22-62510100,Managing Director
Fax91-22-62510199
Company SecretaryNEKATA JAIN
AuditorV J Shah & Co
Face Value10
Market Lot1
ListingBSE,
RegistrarBigshare Services Pvt Ltd
1st Flr Bharat Tin W,Makwana Road Marol ,Andheri (East) ,Mumbai - 400059

Yasho Industries Ltd Company Management

Director NameDirector DesignationYear
YAYESH VINOD JHAVERIWhole-time Director2019
PARAG VINOD JHAVERIChairman & Managing Director2019
VINOD HARILAL JHAVERIWhole Time Director & CFO2019
NEKATA JAINCompany Secretary2019
Mila DesaiIndependent Director2019
Ashok MalaviyaIndependent Director2019
Prakash BhateIndependent Director2019

Yasho Industries Ltd Listing Information

Yasho Industries Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sales NA 000293.3983
Other Operating Income NA 0003.6647

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