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Madhya Bharat Agro Products Ltd.

BSE: 538370 Sector: Agri and agri inputs
NSE: MBAPL ISIN Code: INE900L01010
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Madhya Bharat Agro Products Ltd. (MBAPL) - Chairman Speech

Company chairman speech

Dear Shareholder

India continues to be predominantly an agrarian economy and Madhya Bharat Agro ProductsLimited is well placed to participate in its growth story. Apart from the fact that asignificantly large population of our country continues to depend on farming the share ofagriculture In India's GDP continues to remain high. However there is a major risk thatour country could soon face an acute food security challenge. This is despite Indiaproducing 16% of the world's food grains. The risk to India's Food security stems from thecountry having one of the highest population densities in the world in terms of arableland.

Our Company Operations Is cost-effective to the farmers; and to encourage introductionof innovative products at differential prices to meet the specific needs of farmers.

Madhya Bharat Agro Products Limited is conscious of the fact that the target to achievefood self-sufficiency will be a key driver for the huge demand for fertilizers. I am happyto say that Our Company achieved target of net sales Rs.6466.27 Lacs in last year2015-2016. The sector today faces a large demand-supply gap. At Madhya Bharat AgroProducts Limited we have been trying our best to contribute towards reducing this gap sothat farmers can increase their yield through our cutting-edge fertilizer seeds and soilhealth products.

Our range of fertilizer products covers SSP (Single Super Phosphate) and BRP(Beneficiated Rock Phosphate). Fertilizers demand in India mainly been influenced by thechanging and interconnected aspects such as economic growth population growth ofagriculture sector to ensure balanced nutrition to the crops soil increasing food grainproduction diversification in consumption pattern of different crops rising awarenessamong the farmers and government Initiatives prices & production. These factors wouldcontinue to drive the fertilizer demand in India even in the future years. We need toensure the availability of raw materials to feed this demand.

"We believe that our root lies in the soil - and by remaining a truly diversifiedagricultural company we can cater to all type of markets that has to do anything withlandscaping and farming in general."

Our vision is to work towards a happier India by providing best quality fertilizers tothe poor farmers of our nation and by developing self-supporting communities in the areaof our operations. We have an outstanding strategic advantage association with 'Shriram'a great brand enduring values. Committed work force & a remarkable future ahead.

Our strength lies in consistent quality availability & smooth supply managementphilosophy of commitment to satisfying customers.

To conclude I would like to thank all the stakeholders of the Company for their keensupport in our journey so far and would like to invite all of you to partner with us as weride a phase that will see Madhya Bharat Agro Products Limited transform into anagro-based solutions company that acts as the gateway to Great India.

sd/-

(Pankaj Ostwal)

Managing Director (DIN : 02586806)