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Fairchem Speciality Ltd.

BSE: 530117 Sector: Industrials
NSE: FAIRCHEM ISIN Code: INE959A01019
BSE LIVE 14:51 | 24 May 465.00 -6.30
(-1.34%)
OPEN

471.90

HIGH

479.90

LOW

465.00

NSE 15:31 | 24 May 465.30 -2.50
(-0.53%)
OPEN

470.00

HIGH

487.50

LOW

460.50

OPEN 471.90
PREVIOUS CLOSE 471.30
VOLUME 8746
52-Week high 595.00
52-Week low 273.00
P/E 206.67
Mkt Cap.(Rs cr) 1,749
Buy Price 461.00
Buy Qty 20.00
Sell Price 465.00
Sell Qty 18.00
OPEN 471.90
CLOSE 471.30
VOLUME 8746
52-Week high 595.00
52-Week low 273.00
P/E 206.67
Mkt Cap.(Rs cr) 1,749
Buy Price 461.00
Buy Qty 20.00
Sell Price 465.00
Sell Qty 18.00

Fairchem Speciality Ltd. (FAIRCHEM) - Chairman Speech

Company chairman speech

CHAIRMAN

Dear Shareholders

Trust all is well !

With the new stable Central Government in place I am sure that the overall confidenceand the positive perception for our nation in the mindset of people at large will getrejuvenated. I am confident that with pragmatic Government in centre there will be seriesof proactive economic measures and pronouncements which will put the economy back on thepath of progressive growth and development. I am optimist about the overall vibrantindustrial development scenario and hence the sentiments are bound to improve in times tocome.

We at Adi Finechem have always focused on optimizing the use of natural products bynurturing the nature & environment for achieving dynamic natural growth. The companywork culture and operations are based on the strong core values of transparency ethical& moral practices dedication persistency and integrity. On these strong principlesof best corporate governance practices I would like to ensure that all stakeholders ofthe Adi Finechem family benefitfrom its growth and contribute in nation building.

Your company performed well in the challenging global economic scenario. Yourcompany’s initiative such as capacity expansion maintaining optimum utilizationlevel of plant and improved product mix has helped the company in creating a platform fora sustainable value creation in the future.

The year 2013-14 has been a very satisfying year for the company. In terms offinancials total income of the company grew 23% EBITDA grew by 90% and net profit grewby 123%.

During the year 2013-14 your company increased its manufacturing capacity from 18000M.T. p.a. to 25000 M.T. p.a. Going ahead your company plans to increase itsmanufacturing capacity from 25000 M.T. p.a. to 45000 p.a. by the end of the financialyear 2014-15.

In consonance with company’s consistent policy it has recommended dividend ofRs.1.50 per equity share and also issuance of Bonus Share of Rs.10/- each in the ratio of1 equity share for every 10 equity shares subject to approval at its Annual GeneralMeeting.

Though next two years seems to be testing time for tocopherols business globally thelong term prospect of your company looks to be encouraging. We would continue to focus onour core competencies and have a mission to become the most valuable admired andprominent company for our product range in India and globally.

I would like to take this opportunity to appreciate all the members of Adi Finechemteam for their tireless efforts and dedication and also all our stakeholders withoutwhose support we would not have achieved our exceptional performance.

Warm Regards

Utkarsh Shah

Chairman