Dear Valued Shareholders
I am very happy and proud to share with you the overall performance of the Company forthe financial year 2017-18.
The seed industry is growing through many churns as many companies are being bought andsold internationally and this is also impacting the Indian industry too.
We take pride in our own research through which we have obtained many new hybrids andare confident of the performance of these hybrids in the market. Your Company offers awide portfolio of high quality hybrids which are aimed at improving crop yields andproduce quality seeds thereby augmenting farmer's income.
Your Company continues to focus on technology and innovation with new productdevelopment and innovative value addition to variants of existing products to make themmore effective and efficient. Your Board believes that this will further enhance theCompany's market position and set the platform to achieve greater heights in the nearfuture.
We tried to overcome the challenges that emerged from the external environment in amanner that has made us more future-ready than ever before. It tested our organizationalcapability to counter headwinds. Ultimately our resilience made us even more confidentthat we will always continue to contribute positively to our stakeholders and to India'slong-term progress.
India is on a growth path and the Company has endeavored to stay abreast with themarket and keep evolving its technology and innovation with new product development valueadditions. Agriculture continues to remain the mainstay of the economy from employment andlivelihood perspective.
Future is unpredictable but prevention is better than cure these two sentences areperfectly resembled to Indian agriculture. Weather is uncertain pests diseases and weedsare unknown and water is alarming but then too selecting crop according to soil healthjudicious use of pesticide and fertilizer farmer friendly technique best storagecapacity are the core solutions for securing food for future.
The road ahead is filled with challenges and opportunities. We are fully equipped tograb the opportunities and face any challenges the market throws up.
I would like to put on record our sincere appreciation to all our shareholderscustomers vendors bankers and all stakeholders for their unwavering support andcooperation.
We look forward to a bright future of your Company ahead.
Chairman and Managing Director.