Promoters have other unlisted businesses including Jasch Footwears Pvt Ltd:
It would not be implausible to think that Jasch Footwears is procuring raw materials from the coated fabric segment of the listed entity. If so, one must consider the magnitude of such purchases (how much % Jasch Footwears contributes to coated fabric segment sales) and whether it is done at market prices.
This demerger was done back in 2016 itself? Apparently they have announced demerger of Electronic Gauges business again recently (Nov 2021), this time into Jasch Gauging Technologies Ltd. (https://www.bseindia.com/xml-data/corpfiling/AttachHis/733476c5-cb75-46a5-87a9-a9d8a5406864.pdf)
Anyone knows what happened to Jasch Automation? Last AGM and balance sheet was in 2017
I believe in their PU/PVC Coated Fabric segment, clients include Puma, Red Tape, Bata.
Disc- no holdings