Date: 09% February, 2021 To, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, Maharashtra - 400 001. Sub: Outcome of Board Meeting dated 09¢ February, 2021. Dear Sir/Madam, We wish to inform you that pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at their meeting held on 09% February, 2021, has inter-alia passed the resolutions to the following effect: 1. Approval of unaudited Financial Results along with Limited Review Report for the quarter ended 31st December, 2020; 2. Re-appointment of Mr. Parag Jhaveri, as a Managing Director and Chief Executive Officer of the Company for a further term of 5 years w.e.f, 20% February, 2021 and Fixation of remuneration for a period of 3 years; 3. Re-appointment of Mr. Yayesh Jhaveri as a Whole-time Director of the Company for a further term of 5 years w.e.f. 20% February, 2021 and fixation of remuneration for a period of 3 years; 4. Re-appointment of Mr. Vinod Jhaveri as a Executive Director of the Company for a further term of 5 years w.e.f. 20 February, 2021 and fixation of remuneration for a period of 3 years; Please find enclosed the unaudited Financial Results for the quarter ended 31st December, 2020 along with the Limited Review Report dated 09% February, 2021 issued by the Statutory Auditors of the Company. The Board Meeting commenced at 4:30 p.m. and was concluded at 5.15 p.m. Request you to kindly take the above on record. Thanking You, Yours faithfully, For Yasho Industries Limited Korab— Komal Bhagat Ss (Company Secretary and Complianc ficer) YASHO INDUSTRIES LIMITED {FORMERLY KNOWN AS YASHO INDUSTRIES PVT. LTD.) _ 7 iwala b i+ DIA. P ula Heights, C. D. Barfiwala Marg, Juhu Lane, Andheri (West), Mumbai- 400058, IN Offoe No. 101/102, Renins 9 Telephone No.+91-22-62510100, Fax : +91-22-62510199 E-mail : [email protected], Website : www. yashoindustries.com CIN No. L74110MH1985PLC037900
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Date: 09% February, 2021
To,
BSE Limited, Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai,
Maharashtra - 400 001.
Sub: Outcome of Board Meeting dated 09¢ February, 2021.
Dear Sir/Madam,
We wish to inform you that pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at their meeting held on 09% February, 2021, has inter-alia passed the resolutions to the following effect:
1. Approval of unaudited Financial Results along with Limited Review Report for the quarter ended 31st December, 2020;
2. Re-appointment of Mr. Parag Jhaveri, as a Managing Director and Chief Executive Officer of the Company for a further term of 5 years w.e.f, 20% February, 2021 and Fixation of remuneration for a period of 3 years;
3. Re-appointment of Mr. Yayesh Jhaveri as a Whole-time Director of the Company for a further term of 5 years w.e.f. 20% February, 2021 and fixation of remuneration for a period of 3 years;
4. Re-appointment of Mr. Vinod Jhaveri as a Executive Director of the Company for a further term of 5 years w.e.f. 20 February, 2021 and fixation of remuneration for a period of 3 years;
Please find enclosed the unaudited Financial Results for the quarter ended 31st December, 2020 along with the Limited Review Report dated 09% February, 2021 issued by the Statutory Auditors of the Company.
The Board Meeting commenced at 4:30 p.m. and was concluded at 5.15 p.m.
Request you to kindly take the above on record.
Thanking You,
Yours faithfully,
For Yasho Industries Limited
Korab— Komal Bhagat Ss (Company Secretary and Complianc ficer)
YASHO INDUSTRIES LIMITED
{FORMERLY KNOWN AS YASHO INDUSTRIES PVT. LTD.)
_ 7 iwala b i+ DIA. P ula Heights, C. D. Barfiwala Marg, Juhu Lane, Andheri (West), Mumbai - 400058, IN
Limited Review Report on Quarterly Unaudited Financial Results of the Yasho Industries Limited pursuant to regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regulation 2015, as amended
To the Board of Directors
Yasho Industries Limited
We have reviewed the accompanying Statement of Unaudited Financial Results of Yasho
Industries Limited (“the Company”) for the quarter ended 31° December 2020 (‘the
Statement”) attached herewith, being submitted by the Company pursuant to the requirement
of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regulation 2015
(‘the Regulation’) as amended (the “Listing Regulations”).
This Statement which is the responsibility of the Company’s Management and approved by the
Board of Directors has been prepared in accordance with the recognition and measurement
principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting”
(IND AS 34), prescribed under section 133 of the Companies Act, 2013 read with relevant
rules issued thereunder and other accounting principles generally accepted in India. Our
responsibility is to issue a report on the statement based on our review.
We conducted our review of the Statement in accordance with the Standard on Review
Engagement (SRE) 2410, “Review of Interim Financial Information performed by the
Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India.
This Standard requires that we plan and perform the review to obtain moderate assurance as to
whether the Statement is free of material misstatement. A review is limited primarily to
inquiries of the company personnel and analytical procedure applied to financial data and thus
provide less assurance than an audit. We have not performed an audit and, accordingly, we do
not express an audit opinion.
VJ SHAH & CO
CHARTERED ACCOUNTANTS
Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying statement of Unaudited Financial Results prepared in
accordance with applicable Indian Accounting Standard specified under section 133 of the
Companies Act, 2013 as amended, read with relevant rules issued thereunder and other
recognized accounting principles and policies has not disclosed the information required to be
disclosed in terms of the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, including the manner in which it is to be disclosed, or that it
contains any material misstatement.
UDIN: Qi 14 S40 AAAA RY Gt ot
For V J Shah & Co,
Chartered Accountants
Firm Registration No.: 109823W
oii Chintan Shah
Partner :
Membership Number - 164370
Place: Mumbai
Date: 09/02/2021
INDUSTRIES
Re-appointment of Mr. Parag Jhaveri as a Managing Director and Chief Executive Officer.
Sr No Particulars Details
1. Reason for change viz. | Re-appointment of Mr. Parag Jhaveri as a
appointment, resignation, | Managing Director and Chief Executive Officer
rence -ceethesothesueee of the Company.
2. Date of appointment/eessatien | Re-appointment for a further term of 5 years
(as applicable) & term of} wef. 20% February, 2021 and fixation of
appointment; remuneration for the period of 3 years.
3. Brief profile; Mr. Parag Jhaveri has a Master of Science degree
in Chemistry from Mumbai University. He has
over three decades of experience in the
chemical industry.
He played a key role in ensuring the robust
growth of the organisation with oversight over
the functions of sales, finance, R&D and
marketing. Under his visionary leadership, the
Company has built a model for sustainable
future.
4. Disclosure of _ relationships | Mr. Parag Jhaveri is son of Mr. Vinod Jhaveri and
between directors; brother of Mr. Yayesh Jhaveri.
YASHO INDUSTRIES LIMITED
(FORMERLY KNOWN AS YASHO INDUSTRIES PVT. LTD.)
Office No. 101/102, Peninsula Heights, C. D. Barfiwala Marg, Juhu Lane, Andheri (West), Mumbai - 400058, INDIA. Telephone No.+91-22-62510100, Fax : +91-22-62510199
Re-appointment of Mr. Yayesh Jhaveri as a Whole-time Director.
Sr No Particulars Details
1. Reason for change viz. | Re-appointment of Mr. Yayesh Jhaveri as a
appointment, resignatien, | Whole-time Director of the Company.
removal death or otherwise;
2. Date of appointment/ecessation | Re-appointment for a further term of 5 years
(as applicable) & term of| wef. 20% February, 2021 and fixation of appointment; remuneration for the period of 3 years.
3. Brief profile; Mr. Yayesh Jhaveri is a Commerce graduate
from Mumbai University. With experience of
more than 25 years in the chemical industry, he
has played an eminent role in the growth of the
Company by handling the purchase, logistics,
supply chain and production planning.
He remains the main guiding force behind the
growth and business strategy and plays a crucial
role in the accounts and finance function.
He also played an integral part in setting up Unit
II Unit III of the Company. His consistent hard
work has immensely contributed to the
evolution of the company over the years.
4, Disclosure of relationships | Mr. Yayesh Jhaveri is son of Mr. Vinod Jhaveri
between directors; and brother of Mr. Parag Jhaveri.
YASHO INDUSTRIES LIMITED
(FORMERLY KNOWN AS YASHO INDUSTRIES PVT. LTD.)
Office No. 101/102, Peninsula Heights, C. D. Barfiwala Marg, Juhu Lane, Andheri (West), Mumbai - 400058, INDIA. Telephone No.+91-22-62510100, Fax : +91-22-62510199
Re-appointment of Mr. Vinod Jhaveri as a Executive Director.
Sr No Particulars . Details 1. Reason for change viz. | Re-appointment of Mr. Vinod Jhaveri as a
appointment, resignaties, | Executive Director of the Company.
removal, death or otherwise;
2. Date of appointment/eessation | Re-appointment for a further term of 5 years (as applicable) & term of| wef. 20 February, 2021 and fixation of appointment; remuneration for the period of 3 years.
Mr. Vinod Jhaveri is one of the founding
promoters of the Company He is a Commerce
graduate from Gujarat University. He remains
the main guiding force behind the growth and
business strategy of the Company.
3. Brief profile;
He played a key role in ensuring the consistent
growth of the Company and has helped build a
robust framework for excellence in
implementation.
Mr. Vinod Jhaveri is father of Mr. Parag Jhaveri
and Mr. Yayesh Jhaveri.
A. Disclosure of _ relationships
between directors;
YASHO INDUSTRIES LIMITED
(FORMERLY KNOWN AS YASHO INDUSTRIES PVT. LTD.)
Office No. 101/102, Peninsula Heights, C. D. Barfiwala Marg, Juhu Lane, Andheri (West), Mumbai - 400058, INDIA. Telephone No.+91-22-62510100, Fax : +91-22-62510199