I got an opportunity to ask questions at the AGM. However the response was very generic (nothing that wasn’t already mentioned in the AR). It felt more like a formality with no intention to ally shareholder’s concerns. Akshay Dudojwala who takes home the highest salary in the firm wasn’t even present at the AGM.
As i had mentioned earlier, if terpene derivatives sales materialize it would lead to increase in margins and possible rerating. However there are too many uncertainties which make me uncomfortable holding on to my positions.I have completely exited.
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