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Lords Chloro Alkali Ltd.

BSE: 500284 Sector: Industrials
NSE: MODIALKALI ISIN Code: INE846D01012
BSE 09:09 | 06 Dec 233.90 3.50
(1.52%)
OPEN

233.90

HIGH

233.90

LOW

233.90

NSE 05:30 | 01 Jan Lords Chloro Alkali Ltd
OPEN 233.90
PREVIOUS CLOSE 230.40
VOLUME 20
52-Week high 418.80
52-Week low 56.10
P/E 9.08
Mkt Cap.(Rs cr) 588
Buy Price 230.40
Buy Qty 10.00
Sell Price 233.90
Sell Qty 80.00
OPEN 233.90
CLOSE 230.40
VOLUME 20
52-Week high 418.80
52-Week low 56.10
P/E 9.08
Mkt Cap.(Rs cr) 588
Buy Price 230.40
Buy Qty 10.00
Sell Price 233.90
Sell Qty 80.00

Lords Chloro Alkali Ltd. (MODIALKALI) - Chairman Speech

Company chairman speech

Managing Director's message

Dear Members

In the beginning I would like to pray for people who have suffered losses due topandemic and wish for everyone to be safe and sound in future.

It is a privilege for me to share my thoughts with you as your Company's ManagingDirector. The COVID-19 pandemic has caused pain and suffering for so many and we haveseen stark reminders of the serious social and environmental challenges demanding ourcollective actions. Through the year our support to customers and communities in helpingthem emerge from the CoVID pandemic remained unwavering. I am proud of the commendableefforts and character displayed by all the team members of Lords Chloro family. Thecompany took timely and essential measures for well-being of its employees by implementingCoVID preventive work practices and by ensuring vaccination of 100% staff and workers tohandle the pandemic for any disruptions or any threat to health or life.

As an organization we have been constantly evolving challenging ourselves to raise thebar on innovation and strengthening our core to transform into a more agile andfuture-ready organization. We had started financial year 2021-22 with a very positivethought on growth and had planned for the execution of strategies to improve technologyenvironment product range to bring in cost efficiency and better profitability but had todefer the plans due to the second wave of CoVID pandemic and the resultant downturn in theeconomy. Your company will start implementing these plans from the fourth quarter of thecurrent year and is looking forward to a great 2022-23 due to bounce back in the economy.

The company has already initiated the techno commercial study to increase capacity by100 tpd and add chlorine derivatives. The projects will get started partially in this yearand balance in the coming year. This will add significantly to the top and bottom line ofyour company.

The Global scenario has significantly improved after rapid vaccination in manycountries. India is also witnessing a steep fall in cases and witnessing a very healthygrowth in demand. The company is very confident of producing at full capacity in the year21-22 with much better profitability. During the year company will also add Sodium Hypo toits product line. The work on Stable Bleaching Powder has also begun and the project willbe started by the first quarter of next year. Company is closely watching the improvingstate of economy and will take further expansion and product decisions during the year.

We also remain committed to ensure the highest standards of corporate governance intrue spirit.

On behalf of the Board I would like to thank all our customers suppliers Bankers andthe government for their support to the Company. I convey my sincere appreciation to TeamLords Chloro Alkali Limited for its performance and thank all the shareholders for theirtrust reposed in us.

With Warm Regards

Ajay Virmani

Managing Director.

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