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BSE: N.A. Sector: N.A.
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BSE 05:30 | 01 Jan
NSE 05:30 | 01 Jan

. () - Chairman Speech

Company chairman speech

Dear Shareholders

India's agriculture sector has grown impressively in the past fewdecades. But with a burgeoning population demanding consumer preferences and withvagaries of the weather keeping up with the increasing need for food and feed has been achallenge.

Most of the growth till date in our farms have come from a focussedeffort to increase productivity. This has essentially been possible due to adoption oftechnologies and improved farming practices. The changes range from mechanisation to soiland weather data analysis to accessing markets in a timely manner and creating nichesegments for agricultural produce.

Farmers today encounter varied challenges in their farms all throughthe farming season. As an industry it is therefore essential that we come together andprovide them with holistic solutions. Several industry players have contributed immenselyto improve the on-farm experiences for our farmer partners. Your Company too has playedits role contributed effectively and remains committed towards improving India'sagriculture sector.

Over the last several decades your Company's products andservices have helped the country's farmers handle their issues effectively andprosper. Be it our hybrid maize seeds from the DEKALB portfolio ourglyphosate-based herbicide Roundup that helps in curbing weeds or solutionsfrom our IT-based mobile platforms our farmer partners have whole-heartedly embraced usand appreciated our efforts.

While we have never distracted ourselves from our key business growthobjectives we also continue to give back to society through our focussed CSR activitiesespecially amongst the country's rural communities. As you are aware our CSRactivities have been focussed on the areas of sustainable agriculture health sanitationand education.

As I look back and reflect on my almost four decade-long associationwith your Company I feel fortunate that we as a Company have had the opportunity tomake a significant difference to Indian agriculture over these years. I also have thepleasure of having been associated with the public shareholders of your Company since theIPO and listing in 1989 and have seen the transformation of our Company from being atraditional and niche herbicide – only player to becoming a trusted seed technologyand solution-provider to our farmers. But the most satisfying aspect has been therecognition that we have been successful in creating value and a positive impact in thelives of numerous stakeholders including you as shareholders.

Trust is very fragile. It has therefore been our constant endeavour toreciprocate the trust bestowed upon us through transparent professional and opencommunication with all our stakeholders.

The acquisition of Monsanto by Bayer brings together two companies withdiverse strengths but with a common commitment to both Indian farmers and Indianagriculture. While Monsanto has domain expertise in the areas of seeds biotech traits anddigital agriculture Bayer provides effective solutions for the same through plantprotection chemicals and biologicals. The combination I believe will provide a strongfoundation to develop customised and effective solutions that will benefit farmers notjust in India but across the globe.

I would like to take this opportunity to thank each one of you for theconfidence and trust that you have reposed in us over the years. We are proud of thisassociation and I am also confident that our Company's merger with Bayer CropScienceLimited will be a fruitful one too.

Yours sincerely
Sekhar Natarajan