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Himadri Speciality Chemical Ltd.

BSE: 500184 Sector: Industrials
NSE: HSCL ISIN Code: INE019C01026
BSE 00:00 | 14 Oct 50.65 -0.30
(-0.59%)
OPEN

51.10

HIGH

51.35

LOW

50.35

NSE 00:00 | 14 Oct 50.65 -0.25
(-0.49%)
OPEN

51.30

HIGH

51.40

LOW

50.25

OPEN 51.10
PREVIOUS CLOSE 50.95
VOLUME 737551
52-Week high 62.40
52-Week low 37.55
P/E 29.45
Mkt Cap.(Rs cr) 2,122
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 51.10
CLOSE 50.95
VOLUME 737551
52-Week high 62.40
52-Week low 37.55
P/E 29.45
Mkt Cap.(Rs cr) 2,122
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Himadri Speciality Chemical Ltd. (HSCL) - Chairman Speech

Company chairman speech

Dear Stakeholders

Optimism is a mindset; it is an attitude that holds the ability of rewriting future. AtHimadri our constant focus is on improving business performance every year through aprudent decisionmaking process. This focus is rightly guided by years of research andspecialised competencies in the markets we operate. Despite business uncertainties andchallenges we are continuously growing our market share while maintaining our leadershipposition.

The FY 2019-20 has been a challenging year from a macroeconomic perspective. Changes inthe worldwide macroeconomic environment had already flattened the economic momentum earlyin the business year. The radical change in the trade policies of the United States didmore than just question the industrialised world's economic system which so far was basedon globalisation. Many of the challenges that we faced in the previous year persisted inFY 2019-20 as well. Moreover continued softness in the Chinese economy reducedautomotive sales in China Europe the UK and Japan impacted demand for raw materialsthat we produce.

But even amidst such scenario I am pleased with our operational performance againstthe backdrop of a gradual economic recovery. We analysed the longterm positioning of allour key business segments in the past in view of such challenges in the economy. Ourtimely investments in resources capacity expansions research and development and ITinfrastructure fill us with a sense of confidence to respond to such structural andlonging situations in a flexible manner. Moreover with the recent commercialisation ofSpeciality Carbon Black I am confident that with a rebound in the economic environmentthe future holds a lot of prospects for Himadri as it continues to march towards itslong-term vision.

The outlook for both the near and long-term future remains optimistic for the Company.

Even amidst the current market sentiments we are hopeful of all the potential thatlies untapped in the industry. It instils a sense of confidence in us about the futurethat lies ahead. Our robust business model powered by our stronger fundamentals hashelped strengthen our operational efficiencies. This helped us align to the changingenvironment while focusing relentlessly on cost optimisation and risk mitigation. As aresult the impact of the current temporary slowdown will not affect our future goals.

As a socially responsible Company Himadri structures its business development strategyin a symbiotic relationship with the Sustainable Development Goals of the United Nations(UN). The Company's priorities include organising safe production as well as theoccupational health and safety of its employees.

Before I conclude I would like to extend my thanks to the entire team customersvendors and other stakeholders who supported us during the year. The dramatic currentconditions have put Himadri's great strengths on display yet again: for one it isemployees who are doing their best work to overcome this extraordinary situation and foranother its robust strategic alignment that provides the Company's underpinning. I wouldalso like to thank my colleagues on the Board for their support and guidance to theCompany's management.

Best Wishes

Bankey Lal Choudhary

Executive Chairman.

.