Dear Shareholders,

It is with great pleasure that I present to you the 36th Annual Report of your Company, CIAN Agro Industries & Infrastructure Limited. Your company has achieved a turnover of Rs. 291.15 Crores impressively grew by 13.33%. Your Company has delivered an robust performance where EBITDA margin has remained healthy at 23.4% despite the unprecedented inflation during the year. This was made possible by brand promotions, distribution and manufacturing efficiencies. Your Company is a part of the Fast- Moving Consumer Goods (FMCG) industry which continues to be one of the biggest long-term sustainable business opportunities that our country offers.

It is an honor and satisfaction for me to address you again to share the performance highlights and achievements of your Company during the FY 2022-23.

With the support of our Staff during the Financial Year 2022-23, your company continued to perform well with average revenue from Agro Division amounted to Rs. 21,648.85 Lakh, from Infra Stroke Aluminium amounted to Rs. 5,851.63 Lakh and from Health and Personal Care Division to the tune of about 1,499.07 Lakh.

As economic activities normalised after a couple years of the pandemic, in a high inflationary environment, we witnessed consumers prioritising essentials over discretionary spends. Despite the challenging times company is continuously growing its Products range to 250 SKU currently.

During the FY 2022-23 your Company has introduced 2 new variants under the homecare range of Brand Name "NEU" and under the brand "OIR" the company have launched 2 new variants of Handwash and your company have also launched Dishwash under the same brand, your Company have also taken a job work of Mango pulp processing unit and processed total 500 MT Alphanso Mango during this season.

We are happy to inform you that, your company had successfully acquired Varron Aluminiumm Private Limited ("Varron"/ "VAPL") under the provisions of Insolvency & Bankruptcy Code (IBC), 2016 wide an order of Hon'ble National Company Law Tribunal (NCLT), Mumbai dated 19th January, 2022. The Company, Varron is engaged in the business of manufacturing and supply of Aluminium alloy, Casting, Steel Forging, High Pressure Die Casting, Hot Steel Forging/ Machining. As your Company already have manufacturing unit for aluminium based products/ components, acquisition of Varron will be beneficial for the company to expand its existing business model and to have value added product range of Aluminium in its portfolio.

Looking ahead, our strategic focus centres on scaling up our existing portfolio and introducing exciting new variants of products that will meet evolving consumer preferences.

I would like to thank our people who tirelessly work in our offices, our factories, our sales force, and the extended value chain for helping us in growing continuously over the years. Finally, I would like to thank our shareholders and all the bankers, for their continued trust, support, and confidence in CIAN Agro Industries & Infrastructure Limited.

Nikhil Gadkari

Managing Director