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Adeshwar Meditex Ltd.

BSE: 543309 Sector: Health care
NSE: N.A. ISIN Code: INE0H8J01015
BSE 00:00 | 25 Jan 27.80 0
(0.00%)
OPEN

27.80

HIGH

27.80

LOW

27.80

NSE 05:30 | 01 Jan Adeshwar Meditex Ltd
OPEN 27.80
PREVIOUS CLOSE 27.80
VOLUME 6000
52-Week high 35.00
52-Week low 25.00
P/E 50.55
Mkt Cap.(Rs cr) 40
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 27.80
CLOSE 27.80
VOLUME 6000
52-Week high 35.00
52-Week low 25.00
P/E 50.55
Mkt Cap.(Rs cr) 40
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Adeshwar Meditex Ltd. (ADESHWARMEDITEX) - Chairman Speech

Company chairman speech

Dear Shareholders

It is our privilege to write to you and present the 15th Annual Report for financialyear 2021-2022.

The shares of the Company are listed on SME platform of Bombay Stock Exchange w.e.f.June 28 2021. This is the Second Annual Report of the Company post listing. The last yearhas been full of challenges and it's with great pride I wish to inform that all of us haveovercome the challenging times and have successfully overcome the pandemic and are lookingat prosperous times ahead all around. I hope you and all other members of your family aresafe and continue to be in good health.

At the outset let me begin by extending my heartfelt gratitude towards the medicalfraternity and governments across the nations for their profound contribution andresilience during the pandemic. A lot has been done and accomplished towards the disastermanagement and addressing the economic disruptions which took place. Timely roll out ofvaccinations stringent measures to curb the spread of the virus and effective medicalrecourses offered to patients have helped the world in gradually coming close to normalcy.I would like to thank and compliment all our employees channel partners and vendors whocontinued to conduct business ensuring that the medical demands of business and consumerswere catered to in this critical period we all went through.

Last two years have been unpredictable at all levels due to COVID-19 while it exposedbusiness and economies to unprecedented challenges; it also accelerated demand of medicaldevices had instruments across the globe. The 5.9% growth in global and more than 9%growth of the Indian economy reassures of the improving times.

During a year where most business were affected by the pandemic induced challengesalong with the UKRAINE-RUSSIA war we continued to deliver performance and managed to stayin profit and lot lose out on revenue despite the unprecedented rally in all raw materialswhich were up between 40% to 250%.

The unprecedented rally in raw materials in the second half dented our margins. Sincemost of our business is on fixed prices which we tendered to before the war broke outleading to the rally in raw materials we couldn't escalate prices.

As we look into the future it is clear that businesses are attempting to unlock theirtrue potential. Our main focus right now is to organize and prepare ourselves better forthe future. Our goal is to leverage innovation in the medical field and model our businessto help brands entrepreneurs and channel partners to address the requirement of our vastand diverse set of customers. To make our products available faster more efficient andset up a highly optimized value chain to eliminate any medical friction.

We value the power of relationships immensely to bring meaningful and sustainableshifts that offer quick responses to dynamic market changes deliver better customerexperiences and most importantly improve operational efficiency.

Aware of these dynamic realities we have strategically focused on transforming ourbusiness model from traditional to a flexible customer choice model. While ourtransformation began pre covid the implementation has definitely started post covid afterbeing catalyzed with the challenges imposed by the pandemic. Our omni channel approachallows us to cater to the ever evolving customer preferences.

In the coming times we shall continue to focus on integrating new age technology withimproved tracking analysis to ensure better understanding of consumer behavior patterns.Our efforts are to leverage our capabilities and operations to establish leadership in ourproducts build consistent best practices share talent and improve efficiency for breakour success in every one of our locations.

It is with great responsibility that I share with you that we have embeddedsustainability as a strong pillar of our strategic go forward approach. Our commitment tosustainability is at the core of our actions.

Your support and encouragement are critical to the success of our company. The boardand the executive leadership recognize their responsibility towards delivering value inyour investment in us.

I wish to express my appreciation for the support that we continue to receive from ourbanking and financial community. Our auditors provide us with invaluable advice and Iwould like to thank them for their support.

Our Diversified and highly experienced Board members are a great source of strength tous and I deeply appreciate the collaboration and guidance that we receive from them.

On behalf of our Board and my team members I would like to thank all our shareholdersfor the trust and confidence that you continue to repose in us.

We are in the midst of shaping our future to become a more admired organization onewhich is built on excellent capability great culture and authenticity. By all counts itpromises to be an exciting meaningful and fulfilling journey for each of us.

On the back of an extremely successful past we believe we are just getting started.

STAY SAFE.

SD/-

Siddharth Mulchand Talati

Managing Director

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