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Adarsh Plant Protect Ltd.

BSE: 526711 Sector: Engineering
NSE: N.A. ISIN Code: INE627D01016
BSE 12:28 | 07 Oct 20.80 0.95
(4.79%)
OPEN

20.80

HIGH

20.80

LOW

20.00

NSE 05:30 | 01 Jan Adarsh Plant Protect Ltd
OPEN 20.80
PREVIOUS CLOSE 19.85
VOLUME 34264
52-Week high 28.20
52-Week low 7.86
P/E 1040.00
Mkt Cap.(Rs cr) 21
Buy Price 20.15
Buy Qty 202.00
Sell Price 20.80
Sell Qty 88.00
OPEN 20.80
CLOSE 19.85
VOLUME 34264
52-Week high 28.20
52-Week low 7.86
P/E 1040.00
Mkt Cap.(Rs cr) 21
Buy Price 20.15
Buy Qty 202.00
Sell Price 20.80
Sell Qty 88.00

Adarsh Plant Protect Ltd. (ADARSHPLANT) - Chairman Speech

Company chairman speech

"We are putting all our efforts working towards our vision and goal and believethat we will come out stronger after the covid-19 pandemic and be well positioned tocater the demand as it picks in the coming year"

Dear Stakeholders

I would like to start this letter by congratulating all of you on the completion of 30years of our company. I would like to thank all of you for your continuous support throughall the highs and lows of the company. Though the company celebrates its 30th year thepast year has been a particularly challenging one for our nation and our people. Thecovid-19 pandemic has disrupted several lives and the economy as a whole. In thischallenging time your company and its directors have supported the healthcare workersfree distribution of healthcare equipment for our workers and their families financialand medical support across various organizations in the region.

In these challenging times a remarkable achievement for the company was that itsurvived all the financial headwinds and moved towards the path of growth. The company dueto the lockdown had a slow start to the year but by the end of the year the company hadclocked a year on year revenue growth by 35% and increase in the active customer base by15%.

The uncertainty of the pandemic led to a reduction in consumption and accessibilityissues for the rural India.The consequence of which the plant protection segment of thecompany saw a small decline in its growth but coming this year the management of yourcompany are confident that the same shall be back on growth trajectory with the economyreviving and expansion of distribution network.

The operational challenges in the beginning of the year for the barrel and industrialpackaging segment due to reduced availability of manpower was eased in later halfresulting in a year on year growth of production and turnover. The margins did take a hitdue to volatility in steel prices but the same shall be covered in the coming years.

The company's vision to uplift rural India got new wings with the building of asmokeless chulha few years back. The company has distributed chulhas across the countryand now plan to start operations around the globe and spread more smiles.

To conclude I would like to express my gratitude towards all the shareholders BankersEmployees and all stakeholders for their continuous support. The company has afundamentally strong balance sheet to continue growing and creating wealth sustainably!

- Naishadkumar N Patel Chairman

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