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Indian Sucrose Ltd.

BSE: 500319 Sector: Agri and agri inputs
NSE: OSWALSUG ISIN Code: INE557C01017
BSE 13:49 | 01 Feb 59.30 0.85
(1.45%)
OPEN

60.45

HIGH

60.65

LOW

58.45

NSE 05:30 | 01 Jan Indian Sucrose Ltd
OPEN 60.45
PREVIOUS CLOSE 58.45
VOLUME 3775
52-Week high 99.00
52-Week low 48.50
P/E 4.35
Mkt Cap.(Rs cr) 103
Buy Price 59.35
Buy Qty 1.00
Sell Price 59.60
Sell Qty 303.00
OPEN 60.45
CLOSE 58.45
VOLUME 3775
52-Week high 99.00
52-Week low 48.50
P/E 4.35
Mkt Cap.(Rs cr) 103
Buy Price 59.35
Buy Qty 1.00
Sell Price 59.60
Sell Qty 303.00

Indian Sucrose Ltd. (OSWALSUG) - Chairman Speech

Company chairman speech

Namaste!!!

I welcome everyone to the 31st Annual General Meeting of Indian SucroseLimited on behalf of the Board Members of Company I congratulate all the shareholders fortheir unwavering support extended to the Company throughout the Year. The Company hasperformed immensely great in the financial year 2021-22 having aftermath of Covid-19pandemic. This year we as a company are focused more on the growth of our Stakeholders.

we are once again meeting virtually as the continued impact of the Covid-19 pandemicnecessitates adoption of safety measures in order to minimize any risk to the members ofthe company.

Let me now take this opportunity to apprise you all of the key highlights of the lastfinancial year and also touch upon some of the key initiatives undertaken by our companyas sugar industry remains a key driver of economic empowerment in the rural belt of ourcountry hence in later half of previous year our company had planned expansion of theexisting Sugar Mill plant at Mukerian from 5000 TCD to 9000 TCD in 1st Phaseand we are pleased to announce that this target has been achieved with double refinedprocess and to expand our existing power plant from 19.5 MW to 40 MW' subject to approvalfrom the Punjab Pollution

Control Board and we put to use of 40 MW after trials. The Company is in process toinstall 120 KLD ethanol plant alongside of sugar factory various approval andcertificates are in place however we are waiting for financial closure and Punjab excisedepartment approval before installation of plant.

Recently Industry Body ISMA has reported consistent rise in sugar export in last 3season from 5.95 million tons in 2019-2020 to 9 million tons in 2021-22. Further India hasalso achieved on an average 9.8% average ethanol blending throughout 2021-22 our targetby 2025 is to achieve 20% ethanol blending with gasoline. Since there was a sharp increasein oil price in the later part of the financial year on account of Russia- Ukraine warmillers have actually diverted the cane to ethanol which would have been conventionallygone into additional sugar production. This would not only reduce the dependence ofIndustry on crude oil but it will also help in reduction of Air Pollution.

Further Coming to the Cane production The Indian Farmer is producing more cane thanever which in turn is helping India to produce more Sugar than ever this reality is theprincipal driver of the industry's growth. I must mention that there was a time whenmillers would ask farmers to restrict the cane production in fear that excess caneproduction would moderate sugar realizations and extend the sector losses. In lastfinancial year even though the domestic sugar output was high it did not affect therealization value of the sector which indicates the success of value driven model thatenhances the wealth of stakeholders.

The improvement in our performance was reflected in the evolving revenue contributionfrom the sugar business as there is 3.65% increase in the revenue of the company ascompared to last year. Our outlook for the upcoming years is also positive for sugarindustry as there is high demand of Sugar in both National and International Market.

Towards the end I take this opportunity to really commend die dedication and zeal ofall our employees who strived through a difficult period and ensured that as anorganization we surmounted all the challenges and continued to take our organizationforward. I would also like to thank all my colleagues on the Board for their continuedsupport in all our endeavors.

Finally I thank all our shareholders for their persistent trust and confidence on teamIndian Sucrose Limited.

Your sincerely
Sd/-
Kunal Yadav
Managing Director

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