Outcome of the Board Meeting
May 11, 2019: Outcome of the meeting of Board of Directors held on May 11, 2019
The Board of Directors at its meeting held on 11th May, 2019 has approved/recommended the following items:
Audited Financial Results for the year ended 31st March, 2019
Recommendation of Equity Dividend
Date of 27thAnnual General Meeting
Re-appointment of Mr. Varun A. Udeshi as Whole-time Director
Re-appointment of Mr. Jayasinh V. Mariwala, Mr. Deepak V. Bhimani, Mr. VijayKumar Bhandari and Mr. Mukesh C. Khagram as Independent Directors
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Intimation of the Board Meeting
April 27, 2019: Meeting of the Board of Directors scheduled to be held on 11th May, 2019
Pursuant to the applicable provisions of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform that, the meeting of the Board of Directors of the Company is scheduled to be held on Saturday, 11th May, 2019 to take on record, inter-alia Audited Financial Results for the quarter and year ended 31st March, 2019, and to consider and recommend declaration of dividend on equity shares, if any, for the Financial Year 2018-2019 at the forthcoming Annual General Meeting.
Further as per the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 (as amended) read with the Revised Code for Prevention of Insider Trading in Securities of Jayant Agro-Organics Limited, the “Trading Window” for trading in the equity shares of the Company by any “Insider” covered under the said Code is being closed from Thursday, April 4, 2019 to Tuesday, May 14, 2019 (both days inclusive).
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Pragati, the world’s first sustainable castor bean program, moves to the next level
April 27, 2019: Pragati, the world’s first sustainable castor bean program, moves to the next level
The collaborating companies of Pragati project – Arkema, BASF SE, Jayant Agro-Organics and Solidaridad – have now empowered more than 2,700 Indian farmers in their journey to sustainable castor bean production.
Having successfully achieved a wide range of favorable impacts in the first three years, the partners are extending the project for another three years (May 2019 to May 2022) with a goal to reach more farmers and encourage more end users. The project partners have also established the SuCCESS Secretariat, an independent association as custodian of the SuCCESS (Sustainable Castor Caring for Environmental and Social Standards) code. The secretariat will now be open to new members within the castor community.
Since its launch, Project Pragati has led to intensive farmer engagement and adoption of good agricultural practices within the castor farming community. The collaborators now intend to more than double the number of participating farmers in the region to 7,000.
After completing a 2016 baseline survey of more than 1,000 castor farmers in Gujarat India, where more than 80 percent of the world’s supply of castor beans originates, Project Pragati was launched in May 2016 with a goal of enabling sustainable castor crop production by:
- Using good agricultural practices to increase yield and farmer income
- Efficiently using water resources and maintaining soil fertility
- Driving adoption of good waste management practices
- Enabling better health and safety practices and respecting human rights
Key outcomes of the project to date:
- A sustainable castor code titled ‘SuCCESS’ (Sustainable Castor Caring for Environmental & Social Standards) has been established
- A new website is launched www.castorsuccess.org
- More than 4,000 hectares of castor farming are now in accordance with the SuCCESS sustainable castor crop framework, representing associated production to date of more than 5,000 metric tons of certified sustainable castor seeds
- Two formal certification ceremonies were completed with lead farmers in attendance, representing more than 2,700 farmers who have been successfully trained, audited and certified by third party inspection agencies
- A yield improvement of more than 50 percent over the 2016 baseline has been achieved by the combined member farmers
- Over 3,000 personal safety kits and crop protection product storage drums were distributed to participating farmers
- Water consumption has been lowered by approximately 25 percent in the demo plots where water utilization is monitored
- Soil and water tests were completed across more than 50 villages
- Five demo plots were created for demonstrating good agricultural practices for farmers
Mr. Abhay V. Udeshi, Chairman at Jayant Agro Group, said, “after witnessing the last three year of success of the project “PRAGATI” with our esteemed partners, we are glad to continue with the project to further expand and create value additions that will improve yield and financially benefit the farmers. The purpose of the initiative is to accelerate the growth of environmentally friendly and socially responsible castor farming by using innovative and improved farming practices. The aim is to create an impact on castor production and vastly improve the availability of sustainable and certified product which will help in expansion of the market.”
Arkema is a global leader in specialty chemicals and advanced materials. BASF SE is one of the world’s leading chemical company. Jayant Agro-Organics Ltd. is a pioneer in castor oil-based chemicals in India. Solidaridad is an international civil society organization.
Visit http://castorsuccess.org/ for more details or contact info@castorsuccess.org
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Global Castor Life Time Achievement Award
February 25, 2019: Solvent Extractors’ Association of India (SEA) felicitated Shri Jayraj G. Udeshi with, Global Castor Lifetime Achievement Award.
The panel of Solvent Extractors’ Association of India (SEA) conferred Shri Jayraj G. Udeshi, better known as ‘Vamanbhai’, Director of Ihsedu Agrochem, for Global Castor Lifetime Achievement Award. He has played a vital role in bringing global attention on Indian castor industry and contributing significantly towards increasing farmers livelihood in the western region of the country.
The award was felicitated by Shri Siraj Hussain, former Secretary of Agriculture and Farmers’ Welfare Govt of India, at The Global Castor Conference – 2019.
Commenting on the achievement, Vamanbhai, said, “the years spent working and travelling, gave me a feeling to do more for the farmers in India. We aim to achieve higher productivity through good farming practices, thereby improving earnings for the farmer community and provide the raw material for the industry as well.”
Vamanbhai holds more than five decades of experience in purchasing and trading castor seeds & oil. He has a tremendous understanding of the castor crop and has a penchant for deciphering and forecasting market behaviour of castor seeds.
Outcome of the Board Meeting
February 02, 2019: Outcome of the meeting of Board of Directors held on February 2, 2019
Outcome of the meeting of Board of Directors held on February 2, 2019 for the quarter and nine months ended December 31, 2018
The Board of Directors ofthe Company at its meeting held on February 2, 2019 has approved the Unaudited Financial Results for the quarter and nine months ended December 31, 2018. Pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we are enclosing copy of the said Unaudited Financial Results for the quarter and nine months ended December 31, 2018 alongwith the Limited Review Reports (Standalone & Consolidated) ofthe Statutory Auditors ofthe Company, M/s. Vatsaraj & Co., in respect of the said Results.
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Intimation of the Board Meeting
January 16, 2019: Meeting of the Board of Directors scheduled to be held on February 2, 2019
This is to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on Saturday, 2nd February, 2019, to take on record, inter-alia the unaudited financial results (Provisional) for the quarter and nine months ended 31st December, 2018
As per the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 (as amended) read with the Revised Code for Prevention of Insider Trading in Securities of Jayant Agro-Organics Limited, the “Trading Window” for trading in the equity shares of the Company by any “Insider” covered under the said Code will be closed from Monday, 21st January, 2019 to Tuesday, 5th February, 2019 (both days inclusive).
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Outcome of the Board Meeting
October 27, 2018: Outcome of the meeting of Board of Directors held on October 27, 2018
The Board of Directors of the Company at its meeting held on October 27, 2018 has approved the Unaudited Financial Results for the quarter and half year ended September 30, 2018.
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SEA Awards 2018
September 26, 2018: SEA felicitates Ihsedu Agrochem for being the Highest Processor of Castor Seeds Oilcake
Adding another feather to its cap, Ihsedu Agrochem has been felicitated by The Solvent Extractors’ Association of India (SEA).
The castor oil processing company has yet again proved its dominance by bagging two awards - ‘The Highest Processors of Castor Seeds Oilcake’ and ‘The Second Highest Exporter of Castor Seeds Extraction’ in India, at the prestigious event. The award has been received by Varun Udeshi, Director of Jayant Agro-Organics and Sandeep Udeshi, Vice President of Jayant Agro-Organics, from Ibu.Ir. Musdhalifah Machmud - Dy. Minister for Food & Agriculture, Government of Indonesia.
Quarterly results for 2018-19 Q1
July 30, 2018: Jayant Agro-Organics Limited, reported a profit of INR 15.6 crore in the quarter ending June 2018.
Jayant Agro-Organics Ltd. (BSE: 524330 | NSE: JAYAGROGN), one of the largest manufacturer of castor oil and speciality chemicals in the world, published its financial result for the quarter ended June 30, 2018. The company reported a profit of INR 15.6 crore in the quarter ending June 2018, up 23% against INR 12.7 crore in the sequential quarter ended March 2018. The EBITDA in the quarter at INR 40.2 crore is sequentially higher by 13.6%.
Jayant Agro posted revenue of INR 632.5 crore in the quarter ending June 2018, up 4.5% against INR 605 crore in the corresponding quarter ended June 2018. The company’s EPS at INR 4.78 is sequentially higher by 21.6%. The company started the year on a positive note with a stable business environment. The exports for the castor oil industry witnessed buoyant demand, which is expected to improve steadily in the long run. With the petroleum prices rising, castor oil based products offer an eco-friendly alternative to many petroleum-based products. Jayant Agro’s joint ventures in the international market have started to pay off and positions the company as leading, consistent and reliable suppliers to the world market.
Speaking on the results, Abhay Udeshi – Chairman and Whole-time Director at Jayant Agro Group, said, “We have to consolidate our performance as we prepare for the next level of growth by introducing new products and adding downstream products to the existing portfolio. The versatility provided by our R&D centre not only helps to launch new products, but also enables to respond dynamically to the changes in the market. We sell more than 75 different products to over 70 countries across the globe.”
“We have placed faith in the Indian farmers, particularly in the castor seed growing regions of Gujarat and Rajasthan to increase castor seed availability in a meaningful way. It has been our endeavour to support the efforts of the farmers by providing them with a market for their produce”, Abhay Udeshi added.
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Outcome of the Board Meeting for Q1 2018-19
July 28, 2018: Outcome of the meeting of Board of Directors held on July 28, 2018
The Board of Directors of the Company at its meeting held on July 28, 2018 has approved the Unaudited Financial Results for the quarter ended June 30, 2018.