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Jayaswal Neco Industries Limited (JNIL) is the flagship company of NECO Group of Industries. Started in 1976 as a small-scale Iron Foundry unit, Jayaswal Neco Industries Limited (Foundry Division) is now a producer of Iron & steel castings. The Company is engaged in the manufacturing and supply of billets, rolled products, pig iron & skull, sponge iron, pellet, steel, and Iron & steel castings.
Significant increase in volume has been observed in Jayaswal Neco Industries Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Jayaswal Neco Industries...
Jayaswal Neco Industries clarifies no undisclosed material information is driving volume increase; believes it's market-driven. Company reaffirms compliance with disclosure norms.
Jayaswal Neco Industries has paid a fine of ₹75.59 lakh for delayed submission of its shareholding pattern. This is the sole financial impact.
JNIL clarified media reports regarding DATASEL S.R.L., Italy. DATASEL, though part of the same promoter group, is not a JNIL subsidiary/associate. JNIL has no transactions with it, confirming no financial impact on JNIL from any DATASEL consequences.
Jayaswal Neco Industries Limited has informed the Exchange about Copy of Newspaper Publication - Notice of Annual General Meeting