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Manpasand Beverages Ltd.

BSE: 539207 Sector: Agri and agri inputs
NSE: MANPASAND ISIN Code: INE122R01018
BSE 00:00 | 29 Jun Manpasand Beverages Ltd
NSE 05:30 | 01 Jan Manpasand Beverages Ltd
OPEN 6.14
PREVIOUS CLOSE 6.14
VOLUME 637906
52-Week high 14.91
52-Week low 4.93
P/E
Mkt Cap.(Rs cr) 70
Buy Price 6.14
Buy Qty 31367.00
Sell Price 6.14
Sell Qty 11309.00
OPEN 6.14
CLOSE 6.14
VOLUME 637906
52-Week high 14.91
52-Week low 4.93
P/E
Mkt Cap.(Rs cr) 70
Buy Price 6.14
Buy Qty 31367.00
Sell Price 6.14
Sell Qty 11309.00

Manpasand Beverages Ltd. (MANPASAND) - Chairman Speech

Company chairman speech

Dear Stakeholders

Greetings from Manpasand Beverages Limited!

I would like to take this opportunity to extend our gratitude to you for lending yourrock solid support to the Company during these challenging times.

In the 21- year history of the Company's existence we have weathered various stormsand have managed to successfully steer clear and come out stronger and more confident.

We are in the midst of another challenge and we are confident that we will certainlynavigate through this situation just as we have positively traversed through variouschallenging moments in the past.

In our journey so far we have always believed in taking the road less travelled byworking towards understanding consumer preferences identifying niches and occupying themwith appropriate products that are bound to resonate with our health conscious customers.

While we are not immune to the stock market volatility for the first time after goingpublic we have faced stock market instability. In these testing times our confidence inthe company and in our stakeholders has grown greater and more resolute.

Our growth plans will not be deterred and impacted with this temporary setback and wewill continue to focus on strengthening our market position raising the profile of brandsand investing in effective sales and supply chain.

It gives me great pride to announce that as per a recent data shared by Nielsen basedon MAT March 2018 your Company's flagship brand 'Mango Sip' has emerged as the thirdlargest mango drink brand in the modern trade segment. Better consumer schemes and valuefor money proposition helped Mango Sip bag the slot

Rome wasn't built in a day and neither was Manpas and.

It has taken years of hard work research and conviction to get here.

Last year your Company entered into a joint distribution agreement with Parle ProductsPvt. Ltd. to expand our respective products availability in the rural and urban markets.This tie-up was successfully piloted in West Bengal and is now operational in the entireEastern zone of India and in Gujarat This is a monumental and first-of-its-kinddevelopment in the FMCG industry as a mutually beneficial arrangement in the interest ofincremental business for both Companies. I am glad to share that gradually your Companyand PPPL will expand this association to Pan India in the coming months. This exclusiveten - year joint distribution arrangement with PPPL coupled with accelerated growthplans will help your Company expand its market base by ten folds as this associationgives Manpas and access to Parle's largest distribution network of 60 lakh retail outletsand 10000 distributors in India.

To meet the demand from the expanded distribution network and for expansion into newermarkets your Company invested into four new facilities. With the current six fullyfunctional facilities and after the commissioning of the four new facilities the totalproduction capacity of your company will rise to 3.5 lakh cases per day. Out of the fournew facilities the third facility in Vadodara is already operational; the installationwork at Varanasi's second facility and the construction work at Sri City are nearingcompletion. The ground breaking ceremony of the location for the fourth plant at Khurda inOdisha was also recently done.

Besides expansion across the country your Company is also looking to expand into othercountries including those served by global beverage giants as globally consumers areshifting to health focused beverages and the market is growing exponentially. Your Companyintends to tap the lucrative markets of other countries in the Indian subcontinent andgradually move to the distant markets of Southeast Asia and Africa.

Your Company is also working on expanding its product portfolio to include uniqueproducts according to the purchase behavior of the target markets. In recent times theconsumers have become health conscious and are moving towards a healthier lifestyle. YourCompany has identified huge potential in this consumer lifestyle shift and is looking toexpand its portfolio by venturing into some interesting and unconventional categories likemilk based products protein based drinks and fruit based sugar free & glucose drinks.This will help the Company to enter new horizons and cater to these new consumer segments.

Rome wasn't built in a day and neitherwas Manpasand. It has taken years of hard workresearch and conviction to get here. The Company's foundation rests on its strong ethosand team of dedicated employees. Our employees have been a source of inspirationcreativity and motivation that has kept this Company thriving. I would like to take thisopportunity to thank all our employees for their contribution in making ManpasandBeverages a formidable Indian beverage manufacturer.

We assure you that as a cohesive team we will continue to 'Deliver Value' and in theprocess 'Create Value' as well as 'Strong Equity' in the market by focusing on segmentswhich have been hitherto ignored by big players.

We will continue to seize every opportunity to grow develop and fulfil the hopes andexpectations of our stakeholders and ourfellow Indians.

Jai Hind

Dhirendra Singh

Chairman & Managing Director

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