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Krishana Phoschem Ltd.

BSE: 538405 Sector: Agri and agri inputs
NSE: KRISHANA ISIN Code: INE506W01012
BSE 05:30 | 01 Jan Krishana Phoschem Ltd
NSE 10:39 | 04 Oct 348.05 2.60
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Krishana Phoschem Ltd. (KRISHANA) - Chairman Speech

Company chairman speech

Dear Shareholders

I am pleased to present you the 17th Annual Report of Krishana Phoschem Limited andshare my thoughts on the key highlights for the Financial Year ended 31st March 2021.With the spread of the global pandemic COVID 19 second wave started towards the end ofyear the world witnessed impact on economic aspects. These uncertain times have posedchallenges of lives livelihood and businesses. I sincerely wish safety and well-being foryou and your family.

FY21 was a completely unprecedented year; a year of a global pandemic followed byglobal recession and subsequent government actions to reduce uncertainty in the businessscenario. The Indian government further announced various economic packages rolled outvaccination for all eligible adults and initiated several measures to reduce the impact ofthe second wave.

Today I am proud of what your company has achieved and learnt during this trulyuncommon year. The resilience and the agility with which response was initiated tosafeguard employees and partners was praiseworthy. To ensure the safety of our workforceduring these testing times we implemented timely and adequate measures.

Now I come to specifics and comments on financial & performance and other work doneby your company during the financial year ended 31st March 2021. The Turnover for the yearunder review has reached Rs. 18872.83 lakhs recording a growth of more than 15.82% overthe last year and Profits after tax have also witnessed good rise and closed the year withRs. 1958.35 lakhs showing an increase of more than 42.17% over the last year.

Dear shareholders over the years we have been expanding our capacities and adding newproduct lines for overall increase in the value of the company and using major part of theaccruals for the expansion still to maintain consistency in our pay out and as a token ofgratitude for your support this year too a dividend of INR 0.50 per equity share has beenannounced.

We are consistent and firm on the basic principles and strategies we use to build thiscompany from conducting our business responsibly to better Governance practices withsustainability and core values as our foundation. We shall continue to grow our businessand contribute to India's growth story. We are happy to serve our customers develop ourpartners and uplift communities in and around our areas of business. I am moved by thechallenges we have overcome and proud of our resolve to serve our stakeholders.

During the year the company converted the warrants into equity shares to its holdingcompany Ostwal Phoschem India Ltd which has increased the paid-up capital.

The company has already started work on its DAP & NPK complex fertilizer project atadjoining land of the existing plant at Meghnagar. Total cost of Project is approx. Rs.330 crores. With this view in mind KPL wants to conserve resources including profitearned so as ultimately increasing shareholders value.

I would like to congratulate the Krishana Phoschem team for delivering sustainableresults under a challenging business environment. I would like to conclude with thankingour Board members for enlightening the leadership team with appropriate and timelyguidance. I would also like to thank all our stakeholders-customers vendors creditorsbankers regulatory bodies and above all our valued shareholders for their enduring trustand support. Let us continue to work together for developing long term sustainable farmingsolutions and bringing prosperity to the farmers.

With this I would like to thank all our customers partners shareholders andinvestors for their continued support partnership and invaluable contribution in thesedifficult times.

With Warm Regards

Sd/-

(Mahendra Kumar Ostwal)

Chairman.

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