Dear Shareholders,
It is my pleasure to write to you as Chairman and Whole Time Director
of Ramdevbaba Solvent Limited.
I would like to take this opportunity to share with you some insights
regarding the our company and prevailing conditions in the industry for financial year
2023-24.
Edible oils and Fats are essential ingredients for a wholesome and
balanced diet and they are vital items of mass consumption in India and all over the
world. India is a vast country and inhabitants of several of its regions have developed
specific preference for certain oils largely depending upon the oils available in the
region. Out of the all available oil choices, Rice bran oil is extracted from the hard
outer brown layer of rice after chaff or rice husk. It has an ideal balance of
Polyunsaturated Fats (PUFA) and Monounsaturated Fats (MUFA). Since rice bran oil is made
from bran it is rich in Vitamin E, an antioxidant.
Your Company is in the business of manufacturing, distribution,
marketing and selling of Physically Refined Rice Bran Oil to institutions and also sell
under our own brands namely “Tulsi” and “Sehat” to FMCG Companies,
Retailers, Wholesalers and Distributors etc. Your Company also produce De-oiled Rice Bran
(DORB), which is a by-product in the extraction of Rice Bran Oil and sell the same as
cattle feed, poultry feed and fish feed in the States of Maharashtra, Goa, Gujarat, Madhya
Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu. Other by-products
such as fatty acid, lecithin, gums, spent earth and wax are sold in the open market. we
remain cautiously optimistic about the future of the Edible Oil industry.
We are also closely monitoring geopolitical and economic developments,
as they can significantly impact the industry. Further, sustainability concerns and
regulatory requirements posed additional challenges. As a responsible corporate citizens,
we have proactively addressed these concerns by adopting sustainable practices, investing
in research and development, and implementing stringent quality control measures.
Nonetheless, complying with these requirements and ensuring the well-being of our
employees added further complexity to our operations.
Finally, I would like to express my heartfelt gratitude to all the
shareholders of the company, Government, Customers, Suppliers as well as Lenders for their
continued support and trust. I would like to acknowledge our employees and
management’s dedication and hard work resulting continuous growth of the company.
Yours Sincerely,
SD/-
Prashant Kisanlal Bhaiya Chairman and Whole Time Director