Chemtech Industrial Valves Ltd.

Dear Shareholders

I have great pleasure to welcome you all to the 21^st Annual General Meetingof our Company. It gives me pleasure to communicate with you once again. I am pleased tohighlight the Company's performance during last fiscal year. The past year has beenchallenging for the economy and it seems to remain same in the forth-coming years - yourCompany has made every possible mean to remain active in this competitive economy.

CERTIFICATION:

We have received industry & client recognition by way of specific accreditationsand certifications which bear a testimonial to our capability to deliver and supply ourproducts to a wide range of customers.

Our Company has been granted the status of an "Approved Manufacturer'"Approved Supplier" or "Approved Vendor" by several leading steelcompanies oil & gas companies fertilizer companies and engineering consultants. Itis important for us to retain direct contact with the contractors and end users and wehave evolved a suitable system of sales and distribution system for the same.

Our designing capability to innovate enables us to meet the changing customer needs. Webelieve that our growth has been due to our ability to understand customer needs and builda product of optimal design. I believe in the famous quote of Sir Confucius ChineseThinker and Social Philosopher that "Our greatest glory is not in ever falling butin rising every time we fall." The road ahead is full of challenges the company isarmed with the passion and the indomitable spirit to achieve success is determined toovercome the challenges.

We value the importance of our relationships and will continue to remain fair &true in all our dealings with all stakeholders.

I express my sincere gratitude to my Directors on the board for their valuable guidance& contribution & thank you all for being with us in this phase and assure you thatin upcoming years the Company shall always strive better to give a performance.

Thank you all for attending this meeting Ladies & Gentlemen.