Jayshree Chemicals to convert loans given to Fort Gloster Electric to equity

Jayshree Chemicals has received an approval for conversion of Inter Corporate Loans of Rs 8 crore given by the company to Fort Gloster Electric, a wholly owned subsidiary of the company into 80,00,000 fully paid up equity shares of Rs 10 each of the said company at par. The board of directors at its meeting held on December 12, 2017 has approved the same.

Jayshree Chemicals is engaged in the manufacture of caustic soda, chlorine, hydrochloric acid and sodium hypochlorite.