Letter to Shareholders
It gives me immense pleasure in putting forward before you the Annual Report for theFinancial Year 2017-18.
Jiya Eco Products Limited celebrated three years of its listing on BSE platform onJuly 16 2018. Company got migrated to main board of BSE Platform with effect fromFebruary 08 2018.
F.Y. 2017-18 a year which will be remembered as a year of great success the totalincome of the Company has increased significantly from Rs. 52.02 crore in the previousyear to Rs. 91.82 crore in 2017-18 respectively the profits of the Company have alsoincreased from Rs. 4.17 crore to Rs. 8.56 crore.
During the F.Y. 2017-18 Jiya Eco India Limited and Jiya Eco (Gandhidham) PrivateLimited have become wholly owned subsidiaries of Jiya Eco Products Limited.
Jiya Eco India Limited a Company which is incorporated under Company Act 2013 has acalculative plan and project to install 1500-2000 stoves and burners in quick time spanfor which the fuel to be used in such stoves and burners will be Pellets manufactured byJiya Eco Products Limited.
Whereas Jiya Eco (Gandhidham) Private Limited a Company incorporated under the CompanyAct 2013 is setting up a new pellet manufacturing plant at Gandhidham with anapproximately installed capacity of 260000 tons per annum. It will help to expandbusiness in different region transition benefits and also for future prospects ofexports. Gandhidham Plant will be commenced in the second half of the F.Y. 2018-19.
I would like to place on record sincere gratitude and appreciation towards theemployees for their hard work cooperation and dedication at all levels during the year.
I would also like to convey sincere gratitude towards our customers shareholderssuppliers as well as bankers regulatory and government authorities for their continuedsupport.
|Bhavesh Kakadiya |
|Managing Director |
|DIN: 05147695 |