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Indian Sucrose Ltd.

BSE: 500319 Sector: Agri and agri inputs
NSE: OSWALSUG ISIN Code: INE557C01017
BSE 00:00 | 20 Sep 44.20 -2.20
(-4.74%)
OPEN

46.50

HIGH

46.50

LOW

44.10

NSE 05:30 | 01 Jan Indian Sucrose Ltd
OPEN 46.50
PREVIOUS CLOSE 46.40
VOLUME 6743
52-Week high 71.90
52-Week low 19.85
P/E 2.65
Mkt Cap.(Rs cr) 68
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 46.50
CLOSE 46.40
VOLUME 6743
52-Week high 71.90
52-Week low 19.85
P/E 2.65
Mkt Cap.(Rs cr) 68
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Indian Sucrose Ltd. (OSWALSUG) - Chairman Speech

Company chairman speech

Dear Shareholders

The financial year 2018-19 was fraught with enormous challenges owing to the globaland domestic economic turbulence. Amid the challenging business environment India s sugarindustry had its share of sweet pie with the government lending support through partialsugar decontrol with effect from Sugar Season (SS) 2018-19. This will help the industrysave Rs 3000 Crore a year. While the progressive steps would definitely ensure thelong-term sustainability of the sugar players decontrol of sugarcane pricing if allowedby the Government would have further boosted the otherwise ailing sugar industry. Thelinkage of sugarcane pricing with the ultimate realization of finished sugar prices wouldhave been a step in the right direction. It would have been a more realistic fair andtransparent system for both the cane growers as well as the sugar millers. With theregulated free sugar release mechanism having been removed sugar companies will be ableto better manage their inventories. Moreover sugar mills are also not required to sell10% of their production (popularly known as levy sugar) to the government at highlydiscounted rates for subsidized distribution under public distribution system (PDS). Thiswill help the sugar industry to reduce its ever mounting losses. During SS 2018-19 SouthIndia s sugar industry put up a better performance compared to its northern counterpartowing to cane price differentiation and higher recovery rate.

Best Regards
Kunal Yadav
(Managing Director)

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