Dear Shareholders,
The Covid pandemic and geopolitical developments including the ongoing
conflict in East Europe has elevated global economic uncertainty. Inflation driven by
supply chain disruptions has impacted the economies across the world and the steps
undertaken by the central banks for macroeconomic stability through tight monetary and
fiscal policies has further dented consumer confidence across the world According to the
report, the advanced economies are expected to be the most affected by the slowdown, while
emerging markets and developing economies may experience a less pronounced impact.
TRUPCR? assays from our subsidiary company M/s 3B BlackBio Biotech
India Limited have been well-accepted in over 35 countries across UK and Europe, Middle
East, APAC, LATAM and United States of America. We have added few more countries across
South-East Asia and Middle-East through our channel partners. We are working to add more
channel partners across various countries to increase our global reach. Post Covid the
number of Molecular diagnostic labs and the manufacturers have increased globally, still
3B BlackBio is well positioned to face the competition with its excellent product range,
customer support and highly appreciated quality product.
We are also in the process of getting our products registered in the
countries where there is a good demand as per the respective medical devices regulations
which will allow us easy access and preference in those markets.
The Board of Directors has recommended a dividend of Rs. 2.50 per
equity share of Rs. 10.00/- face value for the Shareholders' approval at the forthcoming
Annual General Meeting.
As I reflect back on the year, I would like to convey special thanks to
our supply and trade partners whose efforts made sure that our products were available at
the right time and place.
With a defined strategy and a talented and engaged team to support its
execution, we are confident in continuing this growth trajectory to meet our future growth
targets, and to deliver long-term shareholder value.
Finally, I would like to thank all our employees, customers,
stakeholders and associates and wish them every success in their lives.
JAI HIND
Shri Dhirendra Dubey Chairman & Managing Director