On behalf of the Board of Directors, I am pleased to present Zeal Aqua Ltd.?s Annual v Report for the financial year ended 31 March, 2022 ("FY 2022"). As you are aware and seeing the growth path of the Company in the last few years, I am of the view and can say that significant efforts have been put in by the Management in the growth of the Company. It may also be mentioned that the valuable guidance and support by the Independent Directors have helped the company in improving Corporate Governance standards.

The fiscal that drew to a close was one of the extreme challenges that truly tested the robustness of the business model and the resilience of the organisation to withstand the disruptive headwinds that derailed sectoral growth. I am happy to state that we successfully overcame these challenging times only to emerge as a more robust and resilient organisation.

In India, fisheries are a significant economic sector and offers vast opportunities for development. This is attributed to the diverse resources and potential of the country. Andhra Pradesh is the leading shrimp producer, accounting for more than 50% of the total output followed by Gujarat.

The Indian Government is promoting sustainable shrimp farming practices to produce high-quality 'sustainable' shrimp in order to minimize the environmental effects of shrimp aquaculture. Moreover, the Seafood Exporters Association of India (SEAI) and the Marine Products Export Development Authority (MPEDA) are supporting the export of shrimp, especially for ready-to-eat and ready-to-cook products.

Our Buyer includes companies from countries like Europe, US, UAE, Saudi Arabia, Vietnam, Australia, Japan, Netherlands, South Africa, China and South Korea. We are BRC certified and HACCP which enables us to target different geographies and increase our footprints. To support this growth, we have alongside embarked on several marketing initiatives and planning to participate in all major exhibitions.

I am grateful to you, our shareholders, who have shown unwavering faith in our strategy. I value their dedication and commitment to the tasks at hand towards the pursuit of our short and long-term goals. Also, I would also like to thank our regulators, esteemed partners, and every one of our customers for placing their trust in us. Finally,

I would like to thank all my colleagues and their families, who have been true warriors during these most challenging times. We reaffirm our commitment to delivering quality growth and look forward to continuing the momentum we have built over these years.

Love and peace from us to you.