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Investor Presentaiton

◆ Other Developments . • • • • • · JASO At Unit 1 Additional floor work is in progress and this floor will be inaugurated in end Sept 2023 to coincide with 50 years of the company At Unit 2 modifications and improvements to newly allocated SS Welding shop and setting up new Grit blasting facility for SS products At Unit 2 a new 10 ton capacity crane for Bay 2 has been ordered and is expected to be delivered by the end Sept and will be commissioned in October 2023 At Unit 2 new SS Products assembly plant of approx. 28,000 square feet: This plant will be inaugurated in end Sept 2023 to coincide with 50 years of the company A new company Jash Invent India Pvt. Ltd., India will be incorporated by the end Sept 2023 and would be capitalized by Sept 2023 Due to marketing requirements, it is felt that merging of Shivpad with Jash will lead to improved business opportunities for Shivpad product line. Detailed analysis is being carried out to evaluate the pros and cons of this move. A final decision will be taken by end Sept 2023. The company aims to acquire an 80% stake of Waterfront Fluid Controls., UK by the end Sept 2023. The process of Due diligence (legal/financial / tax) has been started and is expected to be completed by the end August jashindia.com 27
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