- Business
- Jattashankar Industries Limited manufactures and sells polyester dyed yarn, high bulk yarn, cotton dyed yarn, other fancy dyed yarns and grey and covered yarns; it also produces woven elastic tapes for end uses including woven fabrics such as suitings, shirtings, sarees and dress materials; hosiery and knitwear; furnishing and upholstery fabrics; narrow fabrics such as labels, laces, tapes and elastics; sewing threads; and industrial fabrics. Incorporated in 1988 as Jatta Poly Yarn Private Limited and headquartered in Mumbai, India, with manufacturing facilities in Silvassa, Dadra & Nagar Haveli, the company operates primarily in the Indian textile sector, serving synthetic yarn consumers across domestic markets. In recent developments, the company undergoes a change in control through a share purchase agreement executed in December 2024, under which new acquirers including Tarunkumar Gunvantlal Patel, Vedant Tarunbhai Patel, Vishal Prakashbhai Ashara, Keval Jayanti Khudai and Nileshbhai Bhagvanji Bapodara agree to acquire 72.55% equity from existing promoters, followed by a mandatory open offer for 26% from public shareholders at INR 60 per share; it appoints Meghanaben Patel as Chief Financial Officer, shifts its registered office to Pune, alters its Memorandum of Association objects, schedules its 37th Annual General Meeting for September 20, 2025 with proposals to appoint Keval Khudai as Managing Director and approve borrowings up to INR 100 crore, and records multiple director resignations and appointments including Vishal Prakashbhai Ashara as Additional Executive Director.