You are here » Home » Companies » Company Overview » Shree Ganesh Remedies Ltd

Shree Ganesh Remedies Ltd.

BSE: 540737 Sector: Health care
NSE: N.A. ISIN Code: INE414Y01015
BSE 00:00 | 18 Sep 69.50 -0.50
(-0.71%)
OPEN

69.50

HIGH

69.60

LOW

69.35

NSE 05:30 | 01 Jan Shree Ganesh Remedies Ltd
OPEN 69.50
PREVIOUS CLOSE 70.00
VOLUME 12000
52-Week high
52-Week low
P/E 10.00
Mkt Cap.(Rs cr) 62
Buy Price 68.00
Buy Qty 3000.00
Sell Price 71.45
Sell Qty 3000.00
OPEN 69.50
CLOSE 70.00
VOLUME 12000
52-Week high
52-Week low
P/E 10.00
Mkt Cap.(Rs cr) 62
Buy Price 68.00
Buy Qty 3000.00
Sell Price 71.45
Sell Qty 3000.00

Shree Ganesh Remedies Ltd. (SHREEGANESHREM) - Chairman Speech

Company chairman speech

Dear Stakeholders

On behalf of our Directors and myself it is my pleasure to greet all of you at 23rdAnnual General Meeting. I take this opportunity to welcome Mr. Jayesh Savjani Mr. PriyamShah and Ms. Vaishaliben Vadodariya who have recently joined our Board of Directors

During the year under review your Company has raised an amount of Rs. 85536000(Rupees Eight Crore Fifty Five Lacs Thirty Six Thousand Only) and enlist itself on the SMEPlatform of the BSE Limited giving me an opportunity to thank all the investors who puttheir confidence on the growth potential of the Company.

The year witnessed incremental sales of 37.28% over the previous year atRs.272612194 (Rupees Twenty Seven Crore Twenty Six lacs Twelve Thousand One HundredNinety Four Only). We are building a more agile and innovation-driven enterprise with anaggressive growth approach which can respond faster to changing consumer demand andmarket dynamics. At the same time we remain committed to our core principles and valuesto make specialty medicines accessible and affordable to all.

Over the years we have constantly innovated and manufactured pharmaceuticalintermediates organic and inorganic molecules and have niche pharmaceuticalintermediates.

During the Year all the manufacturing facilities were streamlined and optimized toincrease throughput add to our reliability levels and maintain profitability. Theyimproved on their process efficiencies to deliver exceptional performance while meetingaggressive goals in market presence.

I am deeply thankful to all our stakeholders for their encouragement and support. Inparticular I am grateful to our inherent strength - all our employees. I am extremelyproud of them.

Prime Minister Narendra Modi launched the Make in India initiative on September 252014 with the primary goal of making India a global manufacturing hub by encouragingboth multinational as well as domestic companies to manufacture their products within thecountry. Led by the Department of Industrial Policy and Promotion your Company hasachieved a manufacturing of 483.41 MT of world class Pharmaceutical Intermediate in theyear ended on March 2018. The Company is striving to manufacture 530 MT for the year endedMarch 2019. Thus Along with investors and customers we at Shree Ganesh Remedies alsorealize our responsibility towards the country. Therefore ‘Make in India’initiative holds lot of importance for us.

‘Zero defect zero effect’ is a key phrase which has come to be associatedwith the Make in India campaign. In the words of Prime Minister Narendra Modi"Let’s think about making our product which has 'zero defect'… and 'zeroeffect' so that the manufacturing does not have an adverse effect on ourenvironment".5 Thus your Company believes in the sustainable Development and in theyear 2018 has undergone the Audit Process for " Zero defect zero effect" and hasgot Bronze certificate after extensive site-assessment of the unit conducted byexperienced & trained assessors of accredited (third-party) rating agencies.

By order of the Board

For Shree Ganesh Remedies Ltd.

(Chandubhai M Kothia)

Managing Director and Chairman DIN: 00652806 Place: Ankleshwar Date: 24th August 2018