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Nitta Gelatin India Ltd.

BSE: 506532 Sector: Industrials
NSE: KERALACHEM ISIN Code: INE265B01019
BSE 00:00 | 24 Sep 235.15 -0.05
(-0.02%)
OPEN

237.90

HIGH

238.50

LOW

234.00

NSE 05:30 | 01 Jan Nitta Gelatin India Ltd
OPEN 237.90
PREVIOUS CLOSE 235.20
VOLUME 4209
52-Week high 338.00
52-Week low 142.00
P/E 10.79
Mkt Cap.(Rs cr) 214
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 237.90
CLOSE 235.20
VOLUME 4209
52-Week high 338.00
52-Week low 142.00
P/E 10.79
Mkt Cap.(Rs cr) 214
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Nitta Gelatin India Ltd. (KERALACHEM) - Chairman Speech

Company chairman speech

Dr. K. Ellangovan IAS

Principal Secretary (Industries & NOrKA) Govt. of Kerala

Industries & NORKA Govt. of Kerala

Thiruvananthapuram 695001 Kerala

Dear Shareholders

The Company has braved all odds to record an impressive performance for the financialyear 2020-21 even as mankind is fighting the pandemic that has engulfed the world formore than a year now. This was marked by a significant improvement in major performanceindices and is even more creditable as it has been achieved in the face of an almost 30%increase in the cost of the major raw material during the year. The Company has been ableto achieve this through its relentless pursuit of a well-crafted Business ExcellenceProgram which was set in motion a few years ago.

The Company has been working diligently on many strategic initiatives including costefficiency enhancement projects continuous improvement Strategic Risk Management etc.which are yielding rich dividends. The CSR programs pursued by the Company have come tothe aid of many underprivileged sections of the local community. The Company is activelyevaluating options for business growth to ensure a strong future.

The performance of the Company's factory located in Gujarat remains a concern primarilydue to frequent disruptions caused by problems encountered in the marine dischargepipeline laid by the Local Authorities. A number of corrective measures have beenannounced by the Pipeline Authority and it is our fervent hope that the performance of theunit would witness improvement once the disruptions reduce.

Despite the various restrictions that have been implemented by the Government of Keralato protect the well being and safety of our people the Government has given specialapproval for the uninterrupted operation of the Company's factories considering thecritical role of its products in health management. As always the Government of Keralathe Industries Department in specific and KSIDC would extend all support to help theCompany to scale greater heights in the years to come. The Single Window Clearance processthat the Government has adopted for expeditiously dealing with any pending issues of theIndustry shall continue to significantly enhance the ease of doing business in the State.

The future holds both challenges and opportunities for the Company. The Management andthe Board of Directors have been looking at various options to help steer the Company to apath of profitability and growth in the future and I am confident that the Company will beable to sustain its performance with the perseverant efforts of the Management under theguidance of the Board. The Company's products are a critical input for the PharmaceuticalIndustry which continues to remain robust as it addresses the challenges posed by theCOVID-19 pandemic.

I take this opportunity to assure the support and commitment of KSIDC and theGovernment of Kerala to the Company and look forward to its profitable growth in the yearsahead.

K. Ellangovan

.