Hi,
Greetings for the day.
The AGM was online and the management seemed quite confident about the future with their opening remarks stating that Quality, reliability, and consistency in their approach made it to where they are now.
The expansion of the plant is in line and would be completed by F.Y. 23-24 with 40crores including civil constructions and erections etc.
If found feasible another 40crores of effluent treatment systems making it a ZLD unit.
These would be internal accruals majorly and debt would be closely monitored.
Separate warehouse construction has been completed to cater to the expansion.
The management is looking forward to cost reduction processes in chemistries and other areas so as to increase the bottom line.
The joint venture Kalichem would be operational by F.Y. 23-24 which the company seeks to benefit from the existing and from new opportunities.
These were the opening remarks by the management followed by questions from the shareholders but not much luck this time I got cut off after 25minutes into the AGM.
I would request others who have attended to take it forward.
Thank you and my apologies.
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