Dear Shareholders,
It gives me an immense pleasure in putting forward before you the
Annual Report for the Financial Year 2018-19.
Jiya Eco Products Limited, celebrated four years of its listing on BSE
platform on July 16, 2018. Company got migrated to main board of BSE Platform with effect
from February 08, 2018.
F.Y. 2018-19, a year which will be remembered as a year of great
success, the total income of the Company has increased significantly from Rs. 91.82 crore
in the previous year to Rs. 170.23 crore in 2018-19, respectively the profits of the
Company have also increased from Rs. 8.44 crore to Rs. 14.02 crore.
During the F.Y. 2018-19, the company had two subsidiaries i.e. Jiya Eco
India Limited and Jiya Eco (Gandhidham) Private Limited.
As mentioned in previous year in letter to shareholders and in Annual
Report regarding, Jiya Eco India Limited (wholly owned subsidiary), have a project plan to
install about 1500-2000 stoves and/or burners, we are moving towards the same with great
pace and the said will be achieved within time span of 2 years. Further, manufacturing
facility in Gandhidham was to be carried out in Jiya Eco (Gandhidham) Private Limited, but
the management decided to carry out manufacturing in Jiya Eco India Limited to cater the
needs of the retail customers.
The company has the tendency to reward its shareholders either by issue
of Bonus Equity Shares and/or by declaring Dividend on equity shares of the Company.
During the year under review, the Company has issued and allotted Bonus Equity Shares in
the Ration of 1:1 (One Bonus Share for every One Share held by the Shareholder as on
Record Date). The Board of Directors have recommended Final Dividend of Rs. 0.20 each on
Equity Share (subject to the approval of Shareholders in the Annual General Meeting).
HONOURED LISTING ON NSE PLATFORM
First half of 2019-20 has been considered as a year of success and
achievements. In one of a circular issued by National Stock Exchange Limited, dated,
August 16, 2019, Saturday, have honoured and permitted Jiya Eco-Products Limited and
securities of other 13 Companies to trade and admitted to deal on the exchange. Such
circular was effective from Monday, August 19, 2019.
Various Points would have been considered by the National Stock
Exchange Limited before honouring 14 such Companies including Jiya Eco-Products Limited.
Our Company has always complied with all the Compliances that were applicable and had
always complied with all the Corporate Governance requirements.
Jiya Eco-Products Limited is thankful to the National Stock Exchange
Limited for such honoured Listing.
NSE Symbol: JIYAECO ISIN: INE023S01016
(Download ref. No.: NSE/CML/41893 and circular ref. no.: 0693/2019)
https://www.nseindia.com/content/circulars/CML41893.pdf
We would like to place on record sincere gratitude and appreciation
towards the employees for their hard work, co-operation and dedication at all levels
during the year.
We would also like to convey sincere gratitude towards our customers,
shareholders, suppliers as well as bankers, regulatory and government authorities for
their continued support.
Bhavesh Kakadiya
Managing Director
DIN: 05147695