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Kohinoor Foods Ltd.

BSE: 512559 Sector: Agri and agri inputs
NSE: KOHINOOR ISIN Code: INE080B01012
BSE 00:00 | 02 Dec 53.85 -0.65
(-1.19%)
OPEN

53.15

HIGH

55.00

LOW

53.15

NSE 00:00 | 02 Dec 53.65 -0.90
(-1.65%)
OPEN

53.50

HIGH

54.90

LOW

53.00

OPEN 53.15
PREVIOUS CLOSE 54.50
VOLUME 6038
52-Week high 133.40
52-Week low 7.77
P/E 47.24
Mkt Cap.(Rs cr) 200
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 53.15
CLOSE 54.50
VOLUME 6038
52-Week high 133.40
52-Week low 7.77
P/E 47.24
Mkt Cap.(Rs cr) 200
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Kohinoor Foods Ltd. (KOHINOOR) - Chairman Speech

Company chairman speech

Dear Members

It is my privilege to write to you andpresenttheAnnual Report of yourCompanyfor the financial year2021-22.

I hope this letterfindsyou safe and in good health.

My letter of introduction to yourAnnual Report last year had justcompleted the first full year of the pandemic that demonstrate the difficulties faced bythe business andperformancedelivered in difficult circumstances.

This year in the face of continuing challenging ahead the Company hasdelivered outstanding resultswhilecontinuingtoinvestforthefuture.

We are committed to doing all this in a way that drives long-termshareholdervalue by creating shared value for all of our stakeholders includingcustomers associates suppliers business partners and communities.

In late 2017-18 we set a goal to overcome from the financial crisesand work towards regaining the glory of your company which requires time courage andtrust and encourages others to work towards the same goal. The Board reinforced thiscommitment in 2021-22 which sets forth our key goals and strategies towards overcomingthe situation.

Your Board is committed to maintaining highest standards of corporategovernance and will continue to review and strengthen these practices and your Boardendless efforts towards strategic transformation during this time of rapid change. Whereit gives confidence that the Board experience to serve our company and to continue toguide us in the years to come to meet the Company purpose - Building a brighter future forall -our fundamental and the role in supporting economic growth contributing toprosperity and helping customers achieve their goals.

The present Indian Rice market both in terms of local consumption aswell as in exports is very bullish. In the last 2 years after the dipping of salesfigures during the 'Covid Lockdown' era the rice market has aggressively bounced back. InBasmati alone India has produced near to 5 million tons of superior quality of rice

and the exports have surpassed 4 million tons in the last fiscal. It isa positive sign for the Indian rice industry more so for the basmati variant thatconsumption graph ison the up in almost all the quality rice eating countries; theconsumption graph in some of the traditional markets such as Iran Saudi Arabia & Iraqetc. may not be growing very fast but there is no slide down as well. The emerging marketsfor Indian basmati especially North America and Africa is ever consuming in largernumbers.

Your Company achieved a total turn-over of INR 985.65 Million (Mn.) asagainst INR401.92 Mn. of last year the rice business turnover stood at INR 720.87 Mn. asagainst INR73.34 Mn. of lastyear.

Recently your company has scaled up its operations. It has hired newMarketing team for domestic rice business to make best use of its marketing network andstrengthen it further to regain the market share. Now your company has started directexports to different countries for both rice and food products. Your Company has alsostarted tapping the Domestic Rice Market which carry good potential. Nevertheless theturnaround story of your Company have been started evolving with your trust and supportas in the last few years your Company could not perform well because of financialconstraint ongoing economic pressure and pandemic. On the hindsight export market was lowon sentiments & actual realization due to economic instability around countries besideourown constraint of business operation due to liquidity crunch. However Kohinoor is stillstriving to grow steadily and place its presence around world across renowned players.

KFL participates across nations and around world under its fewprestigious brands for sale of rice and processed & packed food business.

We further inform the members that with an objective to improve thefinancials of the company your company is exploring the possibilities such as:

a. Monetising some of the assets of the company

b. Lookingfor Investor to infuse funds in the company.

c. Executing with the Banks for restructuring of borrowings orsettlement of loans.

The company is working aggressively on the said lines to improve itsfinancial/businessto achieve theseemless working.

With the objective of bringing authentic Indian flavours to the peopleall over the world we want your company Kohinoor Foods Ltd. to become a leading name inthe food business globally as well. In pursuit of our vision to make Kohinoor the mosttrusted & preferred food brand in export markets we would continue to developproducts increase operational efficiency and follow our successful strategies.

I am grateful to the Board of Directors for their unwavering supportand guidance. I also take this opportunity to express my gratitude to all our consumersbusiness partners employees and stakeholders who have shown their trust in us and haveextended theirconstant support.

I would like to take this opportunity to thank you for your continuedtrust confidence and support as we enter a brave new decade—one that is alreadyrewriting the rules of the past.

With bestwishes

Sincerely
Sd/-
JugalKishoreArora
Chairman

.