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Divis Laboratories Ltd.

BSE: 532488 Sector: Health care
NSE: DIVISLAB ISIN Code: INE361B01024
BSE 00:00 | 30 Jun 3631.00 46.50
(1.30%)
OPEN

3555.00

HIGH

3637.15

LOW

3551.15

NSE 15:59 | 30 Jun 3630.40 47.05
(1.31%)
OPEN

3561.00

HIGH

3635.00

LOW

3551.00

OPEN 3555.00
PREVIOUS CLOSE 3584.50
VOLUME 9934
52-Week high 5425.00
52-Week low 3365.10
P/E 32.69
Mkt Cap.(Rs cr) 96,385
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 3555.00
CLOSE 3584.50
VOLUME 9934
52-Week high 5425.00
52-Week low 3365.10
P/E 32.69
Mkt Cap.(Rs cr) 96,385
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Divis Laboratories Ltd. (DIVISLAB) - Chairman Speech

Company chairman speech

Dear Shareholders

The year 2020-21 has seen the emergence of a health crisis caused by the Covid-19pandemic and has been immensely challenging for each one of us. The loss of lives andlivelihoods has left a lasting pain which is sure to leave an indelible mark on us. Myheart goes out to everyone out there who has su_ered the loss of their loved one.

In responding to these challenges we were guided by our core principles and weremained true to our purpose of maintaining sustainable operations. Being at the forefrontof the pharmaceutical industry Divi's as a company in its capacity has been contributingto fight the pandemic since Day 1 and we continue to do our part in helping communitiesaround our manufacturing units.

Over the course of the past 30 years your Company has kept its focus on the principleof ‘Sustained Growth' making sure that the leaps we take contribute positively tothe continued rigor of our operations. Our long-term plan is founded on this purpose ofmaintaining sustainability which has helped us scale our operations over time. This hasimproved our overall reach and has generated greater value for our brand as we now headinto a new decade as one of the leaders in this industry.

The Year in Perspective – A bird's eye view

On the business front your Company has shown incredible resilience and momentum inresponse to the Covid-19 pandemic. It has been a year of challenges and uncertainty and weare proud of the relentless commitment and dedication of the entire Divi's family. Ouragility adaptability resilience and responsiveness to our customer needs earned ustremendous goodwill and has enhanced our standing in the market. We faced operationalchallenges due to restricted movement and disrupted supply lines during the first fewmonths of the pandemic in 2020. As the second wave of the pandemic unfolded withpredictions of a third wave in the near future our focus continues to be on our people'shealth and safety ensuring uninterrupted supplies of APIs to our customers.

Our business performance in the year is also a reflection of the innate adaptabilitywithin the company. The early months of the pandemic brought disruption and uncertainty toour business and to all our customers colleagues suppliers and shareholders. When theworldwide lockdown disturbed economic activity across virtually all sectors Divi'sresponded with speed and agility embracing a new operating model due to the kind ofexpansion programmes we undertook over the years. Despite the intensity of the second waveof Covid-19 we believe that we are in a far better place as we complete FY2021.

The Road Ahead - Purpose People Planet

We are entering FY2022 powered by strong sustainable strategies and are more determinedto keep formulating robust strategies and means to combat the challenges thrown at us bythe pandemic. Our focus remains steadfast on operating our assets and facilities at fullcapacity putting in place our expansion plans and keeping the safety of our employees atthe forefront.

I take immense pride in the way our employees have demonstrated strength convictionand courage during these difficult times and I am indebted to each one of them for havingstood solidly behind the company.MostimportantlyIwould like to thank our shareholdersfor the overwhelming trust support and confidence in Divi's. Our commitment to being areliable supplier delivering quality APIs - remains unchanged.

Regards
Dr. Murali K. Divi
Managing Director

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