Jay Ushin Clarifies Long-Standing Import of Rare Earth Magnets from China

Jay Ushin Limited , a key player in the automotive components sector, has recently issued a clarification regarding its import of rare earth magnets from China. The company's statement aims to provide transparency about its supply chain operations in the automotive sector.

Long-term Import Practice

Jay Ushin has emphasized that the import of rare earth magnets from China is not a new development. The company stated that it has been importing these crucial components for an extended period, specifically for use in automotive production. This practice has been a consistent part of their supply chain strategy to ensure the continuous manufacture of their automotive products.

Sourcing Strategy

In its clarification, Jay Ushin provided additional details about its sourcing approach:

Aspect	Details
Import Duration	Several years
Purpose	Used in the manufacture of automotive products
Sourcing Method	Through an authorized trader in India
Objective	Ensure continuity of supply and mitigate potential shortages

Market Speculation and Clarification

The company's statement comes in response to recent media reports suggesting that Jay Ushin had obtained a new license to import rare earth magnets from China. These reports appear to have led to speculation and potentially influenced the company's stock price movements.

To address this, Jay Ushin has clearly stated that their import of rare earth magnets is not a new development but rather a long-standing practice. This clarification serves to dispel any misconceptions about changes in their supply chain or new agreements with Chinese suppliers.

Regulatory Compliance

The clarification was issued in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This move demonstrates Jay Ushin's commitment to maintaining transparency with its stakeholders and adhering to regulatory requirements.

By providing this clarification, Jay Ushin aims to ensure that investors and market participants have accurate information about the company's operations and supply chain practices. This transparency is crucial for maintaining trust and providing a clear picture of the company's long-term operational strategies in the automotive sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.20%	-8.31%	-35.96%	+51.44%	+34.88%	+121.87%

Jay Ushin Limited , a joint venture with USHIN LTD. JAPAN, has announced significant changes to its board composition and reported robust financial results for the first quarter of fiscal year 2026.

Board Appointment and Restructuring

The company's Board of Directors has approved the appointment of Mr. Anoop Chaturvedi as an Additional Director designated as Non-Executive Independent Director. Mr. Chaturvedi, a 67-year-old B.Tech (Mechanical) professional, brings over 40 years of experience in production, planning, engineering, and project implementation, having previously worked with Maruti Suzuki India Limited. His appointment is for a five-year tenure from August 13, 2025, to August 12, 2030, subject to shareholder approval.

In addition to this appointment, the board has reconstituted various committees:

Audit Committee: Mr. Arvind Kumar Mittal (Chairman), Mr. Ciby Cyriac James, Mr. Anoop Chaturvedi, and Mr. Anirudh Minda.
Stakeholders' Relationship Committee: Mr. Arvind Kumar Mittal (Chairman), Mr. Ciby Cyriac James, Mr. Dineshchandra Narendrakumar Dave, and Mr. Anoop Chaturvedi.
Nomination and Remuneration Committee: Mr. Arvind Kumar Mittal (Chairman), Mr. Ciby Cyriac James, Mr. Dineshchandra Narendrakumar Dave, and Mr. Anoop Chaturvedi.

Q1 FY26 Financial Performance

Jay Ushin Limited has reported strong financial results for the quarter ended June 30, 2025:

Particulars (Rs. in Lakhs)	Q1 FY26	Q1 FY25	YoY Change
Revenue from Operations	21,413.29	19,576.79	9.38%
Total Income	21,773.87	19,921.81	9.30%
Net Profit	457.90	259.10	76.73%
Basic and Diluted EPS (Rs.)	11.85	6.70	76.87%

The company's revenue from operations increased by 9.38% year-over-year to Rs. 21,413.29 lakhs in Q1 FY26. The total income for the quarter stood at Rs. 21,773.87 lakhs, up 9.30% from the same period last year.

Jay Ushin Limited witnessed a significant improvement in profitability, with net profit surging 76.73% to Rs. 457.90 lakhs compared to Rs. 259.10 lakhs in Q1 FY25. This robust performance is reflected in the company's earnings per share (EPS), which increased from Rs. 6.70 in Q1 FY25 to Rs. 11.85 in Q1 FY26, marking a 76.87% growth.

Other Key Developments

The company has appointed Mr. Ravi Sharma or Ms. Suman Pandey of M/s. RSM & Co., Practicing Company Secretaries, as scrutinizers for the e-voting process at the upcoming Annual General Meeting scheduled for September 29, 2025.

Jay Ushin Limited continues to operate in a single segment, manufacturing components for automobiles, with operations primarily in India.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 13, 2025. The statutory auditors have completed a limited review of the financial results and issued an unmodified report.

Investors can access the detailed results on the BSE website and the company's official website.