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Aayush Food And Herbs Ltd.

BSE: 539528 Sector: Health care
NSE: N.A. ISIN Code: INE430R01015
BSE LIVE 15:15 | 24 Mar 28.45 0
(0.00%)
OPEN

28.45

HIGH

28.45

LOW

28.45

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 28.45
PREVIOUS CLOSE 28.45
VOLUME 1250
52-Week high 45.45
52-Week low 13.85
P/E 15.05
Mkt Cap.(Rs cr) 9.25
Buy Price 28.45
Buy Qty 38795.00
Sell Price 0.00
Sell Qty 0.00
OPEN 28.45
CLOSE 28.45
VOLUME 1250
52-Week high 45.45
52-Week low 13.85
P/E 15.05
Mkt Cap.(Rs cr) 9.25
Buy Price 28.45
Buy Qty 38795.00
Sell Price 0.00
Sell Qty 0.00

Aayush Food And Herbs Ltd. (AAYUSHFOODHERB) - Chairman Speech

Company chairman speech

Dear Shareholders

Worldwide cereal (including wheat rice and coarse grains) production grew at acompounded annual growth rate ("CAGR") of 2.1% during CY05-15 with recordproduction achieved in CY 2013 and CY 2014 driven by improving productivity. It ishowever expected to witness a decline of ~1% in CY 2015 to 2526 million tonnes from 2554million tonnes in CY 2014 due to reduction in the area planted for cereals resulting inlower wheat and coarse grain production though will be marginally offset by higher riceproduction. The world cereal consumption grew at a CAGR of 2.22% during CY05-15 owing toincreasing population rising per capita income in developing countries and use of grainsfor industrial and feed purpose.

Rice and wheat are the primary food grain produced by the country with cumulativecontribution hovering at ~75-80% over the period. India is the second largest producer ofwheat and rice in the world and is the largest producer and the second largest exporter ofcotton in the world. (Source: Govt of India- Economic Survey). In line with theproduction levels rice has also been the most consumed cereal in India with a per capitaconsumption of 69.4 kg/annum in 2012 followed by wheat (57.7 kg/annum). All Indiahorticulture production has increased at a much higher rate of ~92% and at a CAGR of 6.11%from 144.4 million tonnes in 2002-03 to 277.4 million tonnes in 2013-14 driven by higheracreage (16.3 million hectare in 2002-03 to 24.2 million hectare in 2013-14) coupled withimproved productivity (8.9 MT/Ha in 2002-03 to 11.5 MT/Ha in 2013-14).

The Company's recent decision to operate in the business of food grains mainly ricecommodities etc. is promising in view of industry outlook. It is indeed pleasure to sharethat in the Financial Year 2015-16 Company's Shares got listed on Nationwide StockExchange BSE Limited the World's fastest Stock Exchange. I am happy to report that yourcompany has earned profits in Financial Year 2015-16 despite of losses occurred inprevious Financial Year.

Finally I would like to thank each one of our shareholders for the continued supportand confidence in the Company and the management. I also express my sincere gratitude toour customers and other stakeholders for the strong relationship built on trust. I amthankful also to the employees the management team and my colleagues on the Board ofDirectors for their significant contribution to the Company over the last year.

Ashish Mittal

Managing Director.