Jaysynth Orgochem Limited has successfully completed the redemption of a significant portion of its preference shares, marking an important capital restructuring move for the specialty chemicals company.

Redemption Details

The company redeemed 6,00,00,000 fully paid up 2% Redeemable Non-convertible Non-cumulative Non-participating Preference Shares. The redemption was funded entirely from the company's accumulated profits, demonstrating strong financial health and cash generation capabilities.

Post-Redemption Capital Structure

Following the completion of this redemption, Jaysynth Orgochem's preference share capital has been restructured. The company now holds 51,00,00,000 fully paid up 2% Redeemable Non-convertible Non-cumulative Non-participating Preference Shares.

Corporate Compliance

The redemption was executed following the board meeting outcome communicated on February 10, 2026. Company Secretary and Compliance Officer Riddhi Kunal Saraiya confirmed the completion of the redemption process and dividend payment to the BSE on April 1, 2026.

The transaction reflects the company's commitment to optimizing its capital structure while maintaining compliance with regulatory requirements. The use of accumulated profits for the redemption indicates the company's ability to generate sufficient cash flows to meet its capital obligations without external financing.

Jaysynth Orgochem Limited has announced the demise of a key partner from its internal auditor firm, marking a significant development in the company's audit arrangements. The company formally notified BSE Limited on 16th March, 2026, regarding this unfortunate development.

Internal Auditor Partnership Details

The company reported the sad demise of Shri. Maganlal J. Thacker, who served as Partner of M/s. Maganlal & Ajay Mehta, Chartered Accountants. The firm, registered under Firm Registration No. 105730W, has been serving as the Internal Auditors of Jaysynth Orgochem Limited.

Company's Response and Acknowledgment

Jaysynth Orgochem Limited expressed its deepest condolences following the loss and formally placed on record its deep appreciation for the valuable professional services rendered by Shri. Maganlal J. Thacker during his association with the company. The company acknowledged the significant contribution made by the deceased partner throughout the professional relationship.

Future Audit Arrangements

The company has indicated that it is currently engaged in discussions with M/s. Maganlal & Ajay Mehta regarding the continuation of the Internal Audit assignment. Jaysynth Orgochem Limited has committed to keeping BSE Limited informed about any further developments concerning the internal audit arrangements.

Regulatory Compliance

The intimation was filed under Regulation 30 of the listing regulations, demonstrating the company's commitment to maintaining transparency with stakeholders and regulatory compliance. Company Secretary and Compliance Officer Riddhi Kunal Saraiya signed the formal communication to the stock exchange, ensuring proper documentation of this corporate development.