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JASH ENGINEERING LIMITED Investor Presentation 2024

Aug 9, 2024

59194_rns_2024-08-09_3479a8a6-12ec-481e-bfbf-5ae32ea53567.pdf

Investor Presentation

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JASH ENGINEERING LTD.

Contributing to a sustainable environment…….Worldwide !

Investor Presentation

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Q1FY25, August 2024
Mahr
Maschinenbau
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Disclaimer

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This presentation and the accompanying slides (the “Presentation”), which have been prepared by Jash Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements andprojections.

jashindia.com

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1 Company Overview

2 Product Overview

3 Financial Overview

4 Business Outlook

Head Office at Unit 1 in Indore

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Company Overview

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Jash at-a-glance

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 An ISO-9001:2015 / ISO-14001:2015 / OHSAS ISO 45000:2018 certified company dedicated to offering varied products for use in Water and Wastewater Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, Desalination, Power, Steel, Cement, Paper & Pulp, Petrochemicals, Chemicals, Fertilizers and other process plants.

  • Headquartered in Indore – India, Jash has six well-integrated state-of-art manufacturing facilities, four in India and one each in the USA & UK.

  • Global presence with bases in India / USA / Austria / Hong Kong / UK to serve our clients and help achieve the common goal of

  • creating a sustainable environment worldwide for all time to come.

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Incorporation
1973
of Company
Countries
6 [Manufacturing units] 45+
Global exports
Years of cumulative
~ Employees
1075 350+
experience
Consolidated
Approved by Major
522 Cr. Revenue 2023-24
Municipal Authoritiesin India andAbroad
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Evolution of the company

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Biggest Water Control gates company of India Established UNIT-3 of
Expanded Screen manufacturing Technical collaboration with
& converted into public limited company. 50,000 Sqft. At SEZ
facility and became largest Weco Armaturen, Germany to
Schuette, Germany for Bulk solids valvesTechnical & Financial collaboration with manufacturer of fine screen in India offer its range of Valves in Pithampur for Valves & Gates
Asian market
Acquisition of Sureseal
Formation of First company to introduce fine screen in India in Technical New facility to manufacture bulk to add Water Hammer
Jash Engineering Pvt Ltd collaboration with Hollung, Sweden solids handling valves control valve range
1973 1996 2000 2005 2006 2008 2009 2010
2023 20192019 2018 2017 2016 2014 2012 2011
Joint Venture with Invent ,
Germany to manufacture Established plant of 60,000 sqft Acquisition of Established UNIT-2 of 150,000 Sqft. For
their range of aeration and at Orange Massachusetts, USA Rodney Hunt Brand Fabricated products.
mixing equipment. for Fabricated products. in USA Technical collaboration with Mahr
Maschinenbau , Austria for various Screens
Acquired Waterfront Company listed on National
Established UNIT-4 of
Fluid Controls Ltd, UK 50,000 Sqft at SEZ for Stock Exchange (NSE) Acquisition of Technical collaboration with Rehart,
Mahr Maschinenbau, Austria
Fabricated products. Germany for Archimedes screw
Technical Collaboration pumps & hydro power generation.
with Invent, Germany for Acquisition of Shivpad to add
Disc Filters Process Equipment range
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Evolution Through Acquisition

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Waterfront Fluid Controls Ltd, UK (Acquisition value GBP 2 million)

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To seize the opportunity presented by closure of Hambaker and become the largest Water Control Gates company in UK using Waterfront local presence.

Rodney Hunt Inc., USA (FY-24 revenue ~₹ 222 Cr) (Acquired at US$ 4 million)

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To add world renowned brand and get access into North American market of water control gates. To get access to top representatives in states so that they can help in selling screens & knife gate valves.

Mahr Maschinenbau GmbH, AUSTRIA (FY-24 revenue of Mahr products ~ ₹ 26 Cr) (Acquired at Euro 2 million)

To add world renowned Screening technology and brand so that these could be leveraged in export market and help push gates and screens as a package

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Shivpad Engineers Pvt. Ltd, INDIA (FY-24 revenue of Process Equip ~ ₹ 27 Cr) (Acquired at ₹ 6 Cr)

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To add treatment process equipment and increase the package size of products offered in a particular project.

Sureseal, INDIA

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To add niche products of water hammer control in the water conveyance cycle where company had no presence in India.

(FY-24 revenue of Sureseal products ~₹ 15 Cr.) (Acquired at ₹ 1Cr.)

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State of Art Facilities & Turnover Capability

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Total Turnover Potential from existing facility

₹ 800+ Cr

UNIT-1 CAST PRODUCTS PLANT

Built Up Area: 125,000 Sq. ft. Turnover Capability : ₹ 75 Crore

UNIT-4 Rodney Hunt Plant

Built Up Area: 50,000 Sq. ft.. Turnover Capability : ₹ 100 Crore

UNIT-2 FABRICATED PRODUCTS PLANT

Built Up Area: 185,000 Sq. ft. Turnover Capability : ₹ 350 Crore

UNIT-1 CAST PRODUCTS PLANTRodney Hunt lant, Orange, MA USA

Built Up Area: 60,000 Sq. ft. Turnover Capability : USD 15M (₹ 125 Crore)

UNIT-3 SEZ PLANT

Built Up Area: 75,000 Sq. ft. Turnover Capability : ₹ 100 Crore

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Waterfront Fluid Controls Ltd, UK
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Built Up Area: 25,000 Sq. ft.

Turnover Capability : GBP 5M (₹ 50 Crore)

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Plant Capabilities

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Bend & shear Shot blasting of carbon
Physical & Chemical stainless steel up to steel up to 5000 x 4000 x
testing of material 14 mm thick 20000mm
Machine job with
maximum size of upto Bath pickle
10,000 x 4000 x stainless steel jobs Flight Forming
Positive Material 1000 mm on CNC up to 6000 x 2000 x Machine for 5000
Identification Machines 2000mm size mm diameter
Casting weighing up Fabricating Laser Cutting
to 20,000 kgs. capacity for jobs Machine for plates
up to 50 tonnes upto 16 mm thick
weight
Water jet Cutting of stainless Hydro-test sluice gates Flight welding machine
steel plates upto up to 5000 x 3500mm size for 4500 mm diameter x
100 mm thick and valves up to 3000mm 24,000 mm length
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Products Overview

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Product at a Glance

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Coarse Screening Fine Screening
Water intake Systems Heavy Fabricated Gates
Equipment Equipment
Penstocks / Open Channel Bulk Head Slide Roller Gates Trash Rack Jash MMR Screenmat Step Rotoclean Rotary
Sluice Gates Gates Gates Screen Screen Drum Screen
Downward Opening Flap Gates Butterfly Gates Crest Gates “JMR” Multi-rake Jash Back Rake Rotobrush Rotary Mahr Perscalator
Weir Gates Screen Screen Screen Screen
Stop Logs Radial / Tainter Bonneted Gates Suspended Trash Travelling Band
Gates Rack Screen
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Product at a Glance

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Screening Conveying Heavy Fabricated Gates Knife Gate Valves Bulk Solid Handling
Equipment Valve
Belt Conveyor Screw Conveyor “ZFI” Series “MONO” Series Slide Gate Valve Swing Gate Valve
Knife Gate Valve Knife Gate Valve – Version ZFB – Version KU
Special Purpose Valves
Screw Conveyor Jet Breaker Double Flap Valve Fabricated Slide
with wash Washer – Version DFG Gate Valve-VEG
compactor Compactor
Zero Velocity Valve Air Vessel
Slide Gate Valve-
Air Cushion Valve Energy Dissipating ZFS
Valve
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Product at a Glance

Process Equipment Heavy Fabricated Gates Detritor Slow speed floating aerator

Clarifier

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Hydro Power Equipment
Hydropower Screw Generator
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Screw Pumps
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Heavy Fabricated Gates
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Archimedean Screw Pump

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Clarifloculator

Slow speed fixed aerator

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Filtering Equipment
iFILT® Diamond Disc Filter
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Product at a Glance

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Secondary Treatment Equipment

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Diffuser Aeration

Mixing & Aeration Equipment Decanting Equipment

Turbo Blower

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Application Of Products

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Storm water pumping
Water intake systems
stations
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Paper & pulp plants

Power plants

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Water & waste water
treatment plants
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Petrochemical plants

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Irrigation systems
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Steel plants

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Product Offerings With Revenue Contribution (Q1FY25)

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Water Control Gates
60%
49%
Revenue Contribution
Valves
8%
13%
Revenue Contribution
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Screening Equipment
31%
27%
Revenue Contribution
Hydropower & Pumping ,
Process Equipment and
others
9%
7%
Revenue Contribution
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Making The World Our Market

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From predominant sales in single geography of India in early nineties, the company is today present in multiple (over 45 countries) regions with each region having significant contribution in turnover. Revenue from outside India ~ 60% of total revenue.

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EUROPE Sweden
& AFRICA Norway INDIA
Canada
Q1FY25 Q1FY25
UK Austria
10.98 38.98
USA France
Bahrain
Kuwait Hong Kong
Jordan UAE
India
Thailand
Qatar
Oman Philippines
Malaysia Vietnam
Singapore
USA MIDDLE
FAR &
Q1FY25 EAST SOUTHEAST ASIA
Q1FY25
37.68 Q1FY25
0.13
26.78
Within India Outside India Total
Revenue from Operations
~ 38.98 ~ 75.57 ~ 114.55
Q1FY25 (₹ Cr)
Acquisitions Manufacturing & MarketingOffices Subsidiary Regional Business Associates
jashindia.com
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Clients & Consultants - India

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Clients & Consultants - International

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Financial Performance

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Standalone Performance – Jash, Shivpad & Jash USA

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JASH ENGINEERING LTD. SHIVPAD ENGINEERING PVT. LTD. JASH USA / RODNEY HUNT
Revenue (₹Cr) Revenue (₹Cr/ US$ Mn)
Revenue (₹Cr)

92.3 ₹ 37.9 / $ 4.5
2.5
₹ 25.8 / $ 3.1
43.1
1.1
Q1FY24 Q1FY25 Q1FY24 Q1FY25
Q1FY24 Q1FY25
PAT (₹Cr)
PAT (₹Cr) PAT (₹Cr/ US$ Mn)
10.0
2.4
Q1FY24 0.2 Q1FY24 Q1FY25
Q1FY24 Q1FY25
Q1FY25
-0.2
includes other income. ₹-5.6 / $-0.7 ₹-7.1 / $-0.9
jashindia.com 21
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Consolidated Financial Snapshot

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Revenues (₹Cr) Gross Profit (₹Cr) EBITDA (₹Cr)
116.3 5.2
60.7
65.5
39.0
0.9
Q1FY24 Q1FY25 Q1FY24 Q1FY25
Q1FY24 Q1FY25
Profit Before Tax (₹Cr) Profit After Tax (₹Cr)
0.1
-0.4
-3.4
-3.8
Q1FY24 Q1FY25 Q1FY24 Q1FY25
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  • includes other income.

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Consolidated Income Statement

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Particulars (₹ Cr) Q1FY25 Q4FY24 Q1FY24 FY24 FY23
Total Income 116.3 218.8 65.5 521.9 415.2
Total Expenses 116.6 169.7 69.3 438.2 358.7
EBITDA 5.2 34.5 0.9 105.1 77.1
EBITDA Margin (%) 4.5% 25.0% 1.4% 20.1% 18.6%
Finance Cost (Net) 2.5 3.0 2.0 11.0 9.9
Depreciation 3.1 2.8 2.7 10.8 10.6
PBT -0.4 48.9 -3.8 83.3 56.5
Tax -0.5 9.9 -0.4 16.5 4.8
PAT 0.1 39.1 -3.4 66.9 51.8
PAT Margins (%) 0.0% 17.9% -5.1% 12.8% 12.5%
EPS (₹) 0.0 31.6 -2.8 55.5 43.2

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Business Outlook

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Consolidated Order Book as on 1st August 2024

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Jash Engineering Ltd Within India
₹ 553 Cr ₹ 327 Cr
Jash USA / Rodney Hunt
Outside India
₹ 365 Cr
₹612 Cr
Combined order book stood at
Waterfront Fluid Controls Ltd.
₹ 939 Cr
₹ 21 Cr

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  • *Jash includes Shivpad order Booking of Rs.39 Cr.

  • **Order Booking considered 80% of 26 Cr total order boking .

  • Combined order bookin after deductin inter-com an orders. g g p y

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Consolidated Order Pipeline as on 1st August 2024

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ALREADY NEGOTIATED UNDER NEGOTIATION
Within India Within India
₹ 34 Cr ₹ 21 Cr
Outside India
Outside India
₹ 26 Cr
₹ 22 Cr
Combined
Combined
₹ 60 Cr ₹ 43 Cr
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Consolidated Sales Outlook for FY 24-25

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Jash Engineering Ltd Within India
₹ 460 Cr ₹ 285 Cr
Jash USA / Rodney Hunt Outside India
₹ 280 Cr ₹ 390 Cr
Combined
Waterfront Fluid Controls Ltd.
₹ 40 Cr
₹ 675 Cr
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  • *Includes revenue of Shivpad which is under merging process with JASH.

**Revenue considered 80% of 50 Cr total revenue. Combined sales after deducting inter-company sales.

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Other Developments

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  • A new production facility of approx. 60,000 sq feet for process equipment at Shivpad, Chennai is under construction and is expected to be commissioned by Feb 2025. This facility is being built at an approximate cost of Rs. 20 crores and this will start contributing to improvement in revenue from April 2025 onwards. This facility at its peak production capacity will contribute up-to Rs. 100 Cr to company revenue.

  • The Lease deed for the new land taken for expansion of SEZ Unit 4 plant has been registered in July 2024 and with this we are now going ahead with plans to construct a new 64,000 sq feet facility to manufacture Stainless steel products for the growing export market. The construction of this plant will start in October 2024 and the plant will be commissioned by year end 2025. This plant will be constructed at a tentative cost of Rs 22-23 crores inclusive of land and at its peak production capacity will contribute up-to Rs. 100 Cr to company revenue.

  • For the year 2024-25 we have planned total investments of Rs. 29 Cr as under : - Unit 1 : Rs 1.5 Cr

  • Unit 2 : Rs 2.5 Cr

  • Unit 3 : Rs 4.5 Cr

  • Unit 4 : Rs 3.0 Cr

    • Unit 4 Expansion : Rs 7.5 Cr
  • Shivpad Plant, Chennai : Rs 10.0 Cr

These investments are undergoing as planned and once completed will tremendously impact performance and output from all units from next year.

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Other Developments

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  • The Company achieved highest monthly order booking in its history in July 2024. The total orders booked in July were worth Rs. 107 Cr of which Rs. 38 Cr were for projects in India and Rs. 69 Cr was for projects outside India.

  • The Board approved the Sub-division/Split of Equity Shares of 1 equity share of the Company having face value of ₹ 10/- each into 5 equity shares having face value of ₹2/- each, subject to approval of the shareholders of the Company.

  • The Board approved the proposal for Direct Listing of Equity Shares of the Company on the Main Board of BSE Limited (“BSE”) subject to requisite approvals.

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Management Commentary

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Mr. Pratik Patel

Managing Director

We are pleased to report improved performance in this quarter. Capitalising on our robust order book, we have achieved consolidated revenue growth of 78% in Q1 and are able to report minor profits for the quarter. Historically, every year we have been showing significant losses in Q1 and so even minor profit in this Q1 is a critical improvement for the company ! Importantly Jash as well as all the other subsidiaries including Rodney Hunt have achieved significant growth in revenue in this quarter.

Our consolidated order book at ₹939 crores is quite healthy and our order pipeline remains strong. We remain confident of positive performance going forward on the back of robust demand environment for our products domestically and globally. New opportunities arising from Wastewater treatment and Reuse, Desalination, Storm water & Flood prevention and Rising Sea levels will open up exciting possibilities for the company on the basis of huge investments planned in these activities, domestically as well as globally ! We expect the growth momentum to strongly continue going forward and we remain optimistic about surpassing our targets for FY25 , buoyed by a strong order pipeline.

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Shareholders Information

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STOCK DATA

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(As on 31 [st] July 2024)
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NSE Symbol Market
JASH Capitalization
INR 3,169 Crore
Shares
Stock Price
Outstanding
INR 2,535
INR 1.25 Crore
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SHAREHOLDING PATTERN

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(As on 30 [th] June 2024)
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Promoters

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Public

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54.7%
1.6%
Employee
Trusts
(231 Employees)
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Mahr Maschinenbau
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FOR MORE INFORMATION, CONTACT

CA Dharmendra Jain Jash Engineering Limited E-mail: [email protected] Ph: +91-731-6732700 (Ext. 111)

Siddesh Chawan

Ernst & Young LLP/ Investor Relations E-mail: [email protected] Ph.: +91 99302 35001

RODNEY HUNT INC

E&M JASH LTD.

JASH ENGINEERING LTD

905, Silvercord Tower 30 Canton Road, Tsimshatsui, Kowloon, HONG KONG Ph. No. +852 2375 3180 Email: [email protected] Website: www.eandmjash.com

46 Mill Street,

31, Sector-C, IndustrialArea, Sanwer Road, Indore, INDIA.

Orange, MA 01364, USA Ph. No. (978) 633 4362, Email: [email protected] Website: www.rodneyhunt.com

Ph. No. +91-731-2720143,2720034 Email: [email protected] Website: www.jashindia.com

MAHR MASCHINENBAU GMBH

WATERFRONT FLUID CONTROLS LTD.

Kupferschmiedgass 8, A-2201 Hagenbrunn,

Suite 8, Maritim House, 143 Woodville St., Glasgow, G51 2RQ UK Ph. No. +44 141 445 3781 Email: [email protected] Website: www.waterfrontfc.co.uk

AUSTRIA

Ph. No. +4322463521 Email: [email protected] Website: www.mahrmaschinenbau.com