Jayshree Chemicals Limited has announced a board meeting approving the sale of its windmill division as a going concern on slump sale basis to M/s Vaishnav Wind Infra Pvt. Ltd for ₹2.76 Cr, pending shareholder approval.

The windmill division contributed ₹16.19 Cr (96%) to turnover and ₹2.74 Cr (27%) to net worth last year.

The sale aims to mobilize resources to focus on core chemical trading operations, reduce overheads, and fund working capital and expansion.

There will be no change in the company's shareholding pattern post-sale.

Completion is expected by June.