Net Loss of Jyoti reported to Rs 1.71 crore in the quarter ended March 2018 as against net loss of Rs 64.95 crore during the previous quarter ended March 2017. Sales declined 34.19% to Rs 58.90 crore in the quarter ended March 2018 as against Rs 89.50 crore during the previous quarter ended March 2017.

For the full year,net profit reported to Rs 1.02 crore in the year ended March 2018 as against net loss of Rs 123.88 crore during the previous year ended March 2017. Sales declined 3.35% to Rs 260.20 crore in the year ended March 2018 as against Rs 269.21 crore during the previous year ended March 2017.

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Jyoti will hold a meeting of the Board of Directors of the Company on 26 May 2018.

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Jyoti announced that Rare Asset Reconstruction has acquired the debt of Dena Bank.

The company is in discussion with RARE ARC for restructuring / resolution of the debt and have submitted restructuring proposal involving repayment of the debt over a period of time and conversion of part of the debt into equity share capital.

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Net Loss of Jyoti reported to Rs 4.72 crore in the quarter ended December 2017 as against net loss of Rs 19.86 crore during the previous quarter ended December 2016. Sales declined 40.87% to Rs 34.78 crore in the quarter ended December 2017 as against Rs 58.82 crore during the previous quarter ended December 2016.

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