Yasho Industries Limited , a company listed on the National Stock Exchange of India (NSE: YASHO), has recently received requests from three promoter group entities seeking reclassification from the 'Promoter Group' category to the 'Public' category. This move, if approved, could potentially alter the company's shareholding structure and governance dynamics.

Reclassification Requests

The company has received formal requests from the following individuals and entities:

Regulatory Compliance

The reclassification requests cite compliance with regulatory conditions as per SEBI (Securities and Exchange Board of India) guidelines. These conditions include:

1. Holding less than 10% of the total voting rights in the company
2. No direct or indirect control over the affairs of the company
3. No special rights through formal or informal arrangements
4. No representation on the board of directors
5. Not acting as key managerial personnel in the company

Next Steps

Yasho Industries has stated that these reclassification requests will be presented to the Board of Directors at their upcoming meeting for consideration. The company will then take appropriate steps to secure all necessary approvals in accordance with Regulation 31A of the SEBI Listing Regulations.

Implications

While the total shareholding of these promoter group members is relatively small at 0.08%, their reclassification, if approved, could have implications for the company's governance structure and public float. It's important to note that this move does not necessarily indicate a change in the company's operations or strategy but rather reflects a shift in the classification of these shareholders.

Investors and market participants will be watching closely for the outcome of the Board's decision and any subsequent regulatory approvals. The reclassification, if approved, could potentially increase the public shareholding of the company, albeit by a small margin.

As per the LODR data, the company has duly informed the National Stock Exchange of India Limited about these reclassification requests, adhering to the transparency requirements set by SEBI for listed entities.

Shareholders and potential investors are advised to keep an eye on further announcements from Yasho Industries regarding the progress of these reclassification requests and their potential impact on the company's shareholding structure.

Yasho Industries Limited , a prominent manufacturer and supplier of specialty chemicals, has announced a significant long-term agreement with a leading global multinational corporation (MNC) for the supply of lubricant additives. The 15-year deal, valued at approximately ₹150.00 crore annually, marks a major milestone for the company and promises to provide a stable revenue stream over the contract period.

Key Details of the Agreement

Strategic Implications

The long-term nature of this agreement offers Yasho Industries several strategic advantages:

1. Business Stability: The 15-year contract duration provides a predictable revenue stream, enhancing the company's financial stability.
2. Global Recognition: Partnering with a leading MNC reinforces Yasho Industries' position as a reliable supplier in the global specialty chemicals market.
3. Capacity Expansion: The company will be setting up a new facility at Pakhajan to fulfill this contract, indicating growth and expansion.

Financial Arrangements

• Yasho Industries will receive an advance to build the required facility.
• The sales price will be based on an agreed-upon formula with the customer.
• The company expects to set up the facility within the next 12 to 18 months.

Management's Perspective

Mr. Parag Jhaveri, Managing Director & CEO of Yasho Industries Limited, expressed his enthusiasm about the deal, stating, "The execution of this agreement marks a significant milestone for our Company. It underscores the confidence that global customers place in our capabilities, reliability, and quality standards. With this partnership, we are strengthening our growth pipeline and securing long-term business visibility and sustainability."

Company Background

Yasho Industries Limited is known for its expertise in manufacturing specialty chemicals, with a strong focus on exports. The company has:

• Over 30 years of industry experience in its management team
• ISO 9001:2015 & FSSC 22000 certifications
• A global customer base spanning more than 50 countries
• Four well-equipped manufacturing units located in Vapi and Pakhajan

This new agreement further solidifies Yasho Industries' position in the global specialty chemicals market and sets the stage for sustained growth in the coming years.