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Bhagiradha Chemicals & Industries Ltd.

BSE: 531719 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: INE414D01019
BSE 00:00 | 11 Jun 519.95 2.15
(0.42%)
OPEN

518.05

HIGH

530.00

LOW

513.50

NSE 05:30 | 01 Jan Bhagiradha Chemicals & Industries Ltd
OPEN 518.05
PREVIOUS CLOSE 517.80
VOLUME 5670
52-Week high 574.00
52-Week low 240.00
P/E 19.03
Mkt Cap.(Rs cr) 432
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 518.05
CLOSE 517.80
VOLUME 5670
52-Week high 574.00
52-Week low 240.00
P/E 19.03
Mkt Cap.(Rs cr) 432
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Bhagiradha Chemicals & Industries Ltd. (BHAGIRADHACHEM) - Chairman Speech

Company chairman speech

Dear Shareholders

The world is adapting to a new normal with the spread of the Covid-19pandemic across the globe. Nearly every country has faced unprecedented health andeconomic crises and efforts are underway to contain the spread of the virus findpreventive vaccines and cures for the virus infection. Healthcare systems are under a lotof strain global supply chains have been disrupted and governments have initiated fiscalmeasures to infuse liquidity and lend a helping hand to the poorer and weaker sections ofsociety. It is in this backdrop that we operate today in a new ever-changing globalscenario.

In view of further expansion plans your Company has entered into anMOU with the Government of Karnataka for allotment of 33.8 acres of Industrial land inKadechur Industrial estate with a goal of establishing a manufacturing facility for activeingredients and their intermediates which will be implemented in the next 6 years over 3phases.

As we enter into a world changed by Covid-19 we are fully committed tohaving safety health and happiness of our employees as our key priority. A strong talentpool sound technological processes strategic investments and a focus on new markets andareas of potential will be the pillars of success as we stride forward confidently.

Amid this we have some positive developments to look forward to.Growing trade tensions with China have put India in the spotlight providing us with animmense opportunity to establish ourselves in the global trade market. The government ofIndia has a special focus on a self-reliant or Atmanirbhar India encouraging Make inIndia products reducing import dependencies and increasing exports. Also 2019-20 was agreat year for India in terms of agriculture with a record production of food grains.Underlying factors such as growing population and the demand for sustainable food arepositive for the crop protection market both globally and closer home.

Further with several agrochemicals going off-patent in the next 4-5years the prospects for your Company are very good with its focused R&D and nichechemistry skills. A recent notification by the Indian government on the proposed ban onproduction of 27 pesticides which were declared hazardous by the WHO can severely impactthe export market for agrochemicals. Your Company is however ready with alternativeproducts in its pipeline thanks to its unwavering focus on R&D and strong faith inits business model.

I take this opportunity to sincerely thank every individual who hasbeen associated with our Company in any capacity. It is always together that a familyCompany community and a country find strength to move forward in times of distress.

My immense thanks also to our shareholders for the trust and confidencethey reposed in us.

Stay safe.

Regards

K Satyanarayana Raju

Chairman