I am delighted to WELCOME you all on behalf of the entire Board of Directors at the32nd Annual General Meeting of 20 Microns Limited to review the fiscals of 2018-19.
India has always been a self sufficient nation with well endowed natural mineralresources in the league of larger nations of USA Europe and China. This industry fallingunder the larger Minerals & Mining sector is a significant contributor to India's GDPgrowth which is currently on the decline.
In the year passed by the industry in which the Company is active & operative didnot see any landmark changes in the relevant regulations overall due to elections but forwhich many states had a break to risk it with significant changes. The state of Rajasthanis one of the most reliable & dependable states for 20 Microns being one of thehealthiest sources of industrial minerals in the country. There was no significantincrease in the royalty from the state government which helped the industry sustain itscosts to an extent but implemented a small service tax on the royalty amount in the laterpart of the year which does not affect much of the overall cost. Besides the said StateGovernment put curb to trap illegal minerals transportation by introducing new methods andsystems leading to few price escalations but overall improving the safety parameters ofoperations within this industry and a good positive approach to the changing dynamicswithin the industry.
The mining industry in India has however started to shape the future direction of thisengagement towards an inclusive agenda for improving livelihoods of the local populacebringing in much needed investment job wealth creation and government revenues.
The Construction Chemicals is Redefining the Waterproofing Solutions & Redefiningthe architectures of India by simplifying waterproofing and offering efficient andworld-class leakproof solutions. With magnificent products like Micronsil 30C Micronsil30C+ Nanosil
Metakrete and Cracksil the Company is planning to introduce some other useful andinnovative products in the market with aim to provide maximum benefits to the end-usersof the products.
MINFERT the Venture of 20 Microns Limited of Best-Suited Organic Fertilizers thatoffers an innovative organic solution for the agriculture fertilizer & cropprotection industry with aim to make easy for farmers to maintain the quality of theirsoil and bring the maximum possible yield out of their product.
20 Microns Herbal known brand of 20 Microns Ltd. offers best quality Ayurvedic &Herbal Medicines. Our various Herbal supplements & dedicated essential series are inmarket to cure day-to-day health related problems. The R&D department is activelyworking towards better and more efficient healthcare solutions so as to make a better andhealthier India.
20 Microns scaled new heights in Extorts in the last financial year to close the figureof 10 Million for the first time and looking an opportunities which are plenty. We haveprepared a Road Map for 15 Million.
Immense of opportunities having converted into milestones with sincere efforts by Team20 I am thankful to the entire Team 20 and all my Stakeholders Bankers Customers etc.for having reposed confidence in the Company and placed their utmost efforts withdedication and sincerity.
Thank you all Chandresh S. Parikh