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Zuari Agro Chemicals Ltd.

BSE: 534742 Sector: Agri and agri inputs
NSE: ZUARI ISIN Code: INE840M01016
BSE 00:00 | 14 Oct 124.10 -1.90
(-1.51%)
OPEN

129.10

HIGH

129.20

LOW

120.40

NSE 00:00 | 11 Oct 124.05 0
(0.00%)
OPEN

130.00

HIGH

130.00

LOW

123.55

OPEN 129.10
PREVIOUS CLOSE 126.00
VOLUME 7673
52-Week high 158.90
52-Week low 72.00
P/E
Mkt Cap.(Rs cr) 522
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 129.10
CLOSE 126.00
VOLUME 7673
52-Week high 158.90
52-Week low 72.00
P/E
Mkt Cap.(Rs cr) 522
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Zuari Agro Chemicals Ltd. (ZUARI) - Chairman Speech

Company chairman speech

Dear Members

On behalf of the Board of Directors it is my honour and pleasure topresent the Adventz Agri-Business annual report for the financial year ended on 31st March2018 (FY 2017-18).

Indian Agriculture sector is undergoing a much required change byadopting and implementing modern-age technologies. The Government of India has brought ininnovative policies to boost the Agri Economy of the country with path-breaking DirectBenefit Transfer (DBT) Soil Health Card e-NAM (Electronic National Agriculture Market)and revising the Minimum Support Price (MSP) by 50% for 14 crops during Kharif season.Furthermore policies pertaining to Crop Insurance Irrigation and to ensure propernutrient balance in the soil have been strengthened for achieving a sustainableagricultural growth.

As India aims at 'Doubling the Farmer's Income' (DFI) by 2022 it is anardent need of the hour for Agri-Business entities like ZACL to emerge as a key agent intransforming the lives of Indian Farmers for a better and prosperous future. ZACL iscommitted to serving the farmers of India and its 50-year-old legacy is a testament to howZACL's brand Jai Kisaan has evolved in the life of a farmer by being a valuable partnerfor their success. In the 51st year of ZACL's operation as the Chairman ofBoard I can assure that our engagement with the farming community shall furtherintensify.

In the last year we expanded the reach of Jai Kisaan Junction storeswhich has emerged as a one-stop solution for all the cultivation requirements of thefarmer right from agri products to farm consultation services. Our penetration in themarkets of Maharashtra and Karnataka has been deepened while our tryst with newer regionslike Uttar Pradesh West Bengal and Odisha has yielded encouraging results. We arereinforcing our efforts for the farmers by pushing for necessary R&D in agriculture.The Adventz Agri Park situated in Solapur-Maharashtra is the core R&D centre forfarmers which exhibits model-farming practices induced with modern yet cost-effectivetechnology. ZACL's Soil-health Laboratories situated across pan India disseminatetechnological know-how to farmers across ZACL's key market regions. ZACL has been fullycompliant to the production of neem-coated Urea and adopting DBT while assisting thedealers retailers and farmers in the supply chain of DBT. Our theme 'Aan-Dhaan-Sampaan'is not only symbolic but an actual reflection of our endeavour in creating a livelihood offulfilment for the farmers of India.

The Agri-Group this year further strengthened its share in the market.Mangalore Chemicals & Fertilisers Ltd (MCF) subsidiary of ZACL has enabled deeperpenetration in the southern markets and the acquisition of MCF has paid rich dividends forthe Adventz Agri-Business. Paradeep Phosphates Ltd continues to yield robust businessperformance. The merger of subsidiaries like Zuari Fertilisers & Chemicals ZuariSpeciality Fertilisers and Zuari Agri Sciences with Zuari Agro Chemicals Limited hasbolstered the consolidation of Adventz Agri-Business.

ZACL is growing the business in a sustainable way so that the benefitreaches all our shareholders earning their trust over the long term by returning capitalin a consistent and transparent way. With the support from our internal and externalstakeholders ZACL will continue to strive towards building a more sustainable businessand enhancing shareholders' value in the near and long-term.

Best regards

Saroj Kumar Poddar

Chairman Zuari Agro Chemicals Limited

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