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Prima Agro Ltd.

BSE: 519262 Sector: Others
NSE: N.A. ISIN Code: INE297D01018
BSE 00:00 | 24 Jun 25.00 0.85
(3.52%)
OPEN

25.00

HIGH

25.00

LOW

25.00

NSE 05:30 | 01 Jan Prima Agro Ltd
OPEN 25.00
PREVIOUS CLOSE 24.15
VOLUME 1
52-Week high 59.25
52-Week low 23.40
P/E 5.09
Mkt Cap.(Rs cr) 13
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 25.00
CLOSE 24.15
VOLUME 1
52-Week high 59.25
52-Week low 23.40
P/E 5.09
Mkt Cap.(Rs cr) 13
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Prima Agro Ltd. (PRIMAAGRO) - Chairman Speech

Company chairman speech

Dear Share Holders of Prima Agro Ltd

I hope all of you and your dear ones are safe healthy and taking all necessaryprecautions to stay safe in these difficult times.

The year 2020-21 has been challenging for each one of us. The Covid-19 pandemic has hada significant impact on lives livelihoods public health economic performance and thebusiness. Operational challenges mounted due to restricted movement and disrupted supplylines during the first few months of the pandemic. As the second wave of the pandemicunfolds with predictions of a third wave in the offing our focus continues to be on ourpeople’s health & safety ensuring uninterrupted supplies of Covid relevantportfolio meeting the demand arising out of evolving consumer needs caring for thecommunities in which we operate and finally protecting our business model.

We can acknowledge that this year we do have reasons for optimism that we did nothave a year ago. At the time of our last AGM the world had no Covid-19 vaccines. Nor didanyone know how soon one could be produced. Nor whether it would prove effective. Now theworld has more than a dozen effective vaccines. Despite an uneven start more than abillion doses have been delivered so far. And deployment is steadily accelerating.

We believe that the economy will bounce back to the normal state and will see its signsof a recovery in the future. Due to Stringent Covid Guidelines and social distancing normsenforced at the workplace the operations continue to be run at lower capacity. We adhereto all necessary precautions and guidelines thereby ensuring the safety and health of ouremployees. FY 2020-21 is a challenging year for your company with significant impact onproduction.

The relentless commitment and dedication of every member of the PRIMA family helped thebusiness overcome many challenges in the past year. As a result we have been able tobring down the curtains on the financial year 2020-21 with a robust set of numbers.

With immense pleasure we would like to inform you that your company has generatedturnover of 1747.46 lakhs in Financial Year 2021 signifying a growth of 27.90% overprevious financial year. The Profit before Tax was 549.33 lakhs for the year and growth of300.62%. Your Company’s Net Profit for the year 385.44 lakhs compared to 6.93 lakh inthe previous year.

I would like to take this opportunity to thank all our people who have been tirelesslyworking to ensure that we continue to serve the people of this country through thisextremely challenging year. Most importantly I would like to thank you our shareholdersfor your overwhelming trust support and confidence in Prima Agro Limited. I would alsolike to thank our management staff all banks and buyers for their support and activelycontributing to our success.

We Prima Agro Limited remain ever committed and sincere in our efforts to keepdelivering better value to you.

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