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Bhagiradha Chemicals & Industries Ltd.

BSE: 531719 Sector: Agri and agri inputs
NSE: BHAGCHEM ISIN Code: INE414D01019
BSE 00:00 | 04 Oct 1401.70 41.70
(3.07%)
OPEN

1393.40

HIGH

1448.35

LOW

1371.75

NSE 00:00 | 04 Oct 1396.70 36.95
(2.72%)
OPEN

1394.00

HIGH

1450.00

LOW

1368.55

OPEN 1393.40
PREVIOUS CLOSE 1360.00
VOLUME 880
52-Week high 1557.55
52-Week low 562.74
P/E 36.24
Mkt Cap.(Rs cr) 1,459
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1393.40
CLOSE 1360.00
VOLUME 880
52-Week high 1557.55
52-Week low 562.74
P/E 36.24
Mkt Cap.(Rs cr) 1,459
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

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

Company chairman speech

Dear Shareholders

The year 2021-22 has been a mixed bag as the pandemic and itsassociated impacts persisted for most part of the year. As the economies prepared to putthe worst impacts of the pandemic behind Russia's invasion of Ukraine posed newchallenges to the world. The geopolitical repercussions of the war led to soaringcommodity prices and unanticipated disruptions in the supply chains.

In the wake of these sudden developments our Company too is facing itsshare of challenges. Given the heavy dependence of agrochemical manufacturers on importsfrom China we being no exception shortage of raw materials posed serious challenges. Toovercome the escalating supply chain uncertainty driven by manufacturing disruptions andpotential or real bottlenecks we had to take counter measures such as increased safetystocks and firming up negotiated transactions for procurement in the near term whilepassing on a slice of the price hike to our customers.

During the fiscal under review a favourable policy environmentsupported the growth in agricultural sector especially products like fertilisers. Withthe government's enhanced push being given to the agriculture industry the agrochemicalindustry is set to continue with its growth trajectory in the current fiscal.

The China +1 strategy will be beneficial for India as major consumersmight prefer to shift their supplier base to India. This along with sustained demand fromcountries like the US Brazil and European Union and the improving pesticide consumptiontrends in our country should contribute to the growth of agrochemical industry in India.Your Company is looking forward to capitalize on such available opportunities in thedomestic as well as the overseas markets. Powered by a competent team with the mind-set todeliver I am confident in our ability to create value for all our stakeholders eventhough uncertainties prevail.

I would like to specially thank all our shareholders and employees formaking our recent fund raise an overwhelming success. I would also like to thank thegovernments at the state and centre our Customers Vendors bankers and all otherstakeholders who supported us at all times.

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