Dear Shareholders,
It is my privilege to write to you and present the Integrated Report for FY 2021-22.
I hope this letter finds you safe and in good health.
The past couple of years have been a period of intense action and reflection. We have
seen a global pandemic, geopolitical tensions, supply chain disruptions, the rise of
crypto currency and many other public and private upheavals. As the dust settles, and a
clearer picture of the world ahead emerges, I believe we are standing at the threshold of
a period of great opportunity and growth.
In the face of widespread change, your company has shown remarkable standing and
adaptability, coming out stronger and recovering the face, after catastrophic events like
the global financial crisis or the pandemic gradually.
Though the financials of the company do not represents the positive aspect for the
financial year however we are striving hard to balance the same in the upcoming year and
rise at the level like never before.
Businesses, which had just started moving back to normalcy after the end of the first
wave, were hit hard by the second wave during the year 2021. The irregular supply chain
and the insufficient labour manpower seriously disrupted the production and the normal
working of the company. Considering all the Government’S guidelines and directions
which were issued during the year, company had to keep pace with the movements of the
labour in the factory premises. Company couldnRs.t fulfil certain supply commitments in
due course leading to inadequate sales in this financial year. Although after the
vaccination of the people at large gave some relief to the overall country and economy is
also improving day by day. It is assured that in upcoming years we will get come out of
this situation and the business of the Company is also expected to be profitable for the
stakeholders.
This is the platform where I represent you and convey you the up comings and the
general state of company’S affairs. My concern was dragged to poultry feeding. Before
the twentieth century, poultry were mostly kept on general farms, and foraged for much of
their feed, eating insects, grain spilled by cattle and horses, and plants around the
farm. This was often supplemented by grain, household scraps, calcium supplements such as
oyster shell, and garden waste.
As farming became more specialized, many farms kept flocks too large to be fed in this
way, and nutritionally complete poultry feed was developed. Modern feeds for poultry
consists largely of grain, protein supplements such as soybean oil meal, mineral
supplements, and vitamin supplements. The quantity of feed, and the nutritional
requirements of the feed, depend on the weight and age of the poultry, their rate of
growth, their rate of egg production, the weather (cold or wet weather causes higher
energy expenditure), and the amount of nutrition the poultry obtain from foraging. This
results in a wide variety of feed formulations. The substitution of less expensive local
ingredients introduces additional variations.
Considering the same company is planning to introduce Multigrain Meal High Protein
cattle feed. Multi Grain Meal is highly rich in protein and fibres. This is free from any
foul smell and highly suitable for poultry feeding as well. This feed is best for the
development for the improve health of the cattle. The minerals, vitamins and protein in
the Multi Grain Cattle Feed are enough for their good health. This initiative will
encourage the demand for poultry feed also apart from cattle feeds.
Export encouragement is the main focus for the company this year. Company’S main
client base was from the state of Rajasthan and Gujarat, in view of the demand in the Asia
Pacific region which is known to be the dominant region in the cattle feed market share.
Asian countries have witnessed higher rate of traction for dairy products, owing to its
increased demand from vegan consumers. Company is framing policies and obtain licenses
which are required for the export formulation.
Your Company’S philosophy is to achieve long- term value to serve the best
interest of all stakeholder- shareholders, customers, employees, Government and the
society
I wish to thank my colleagues on the Board and team of Narmada Agrobase Limited for
responding positively to an unprecedented challenge and most of all, I thank our
shareholders for the confidence and faith reposed by them in the Board and the Management
team, which has in my view geared up to take on more challenges. I can say with confidence
the Company will improve its performance further in the coming years. This is however only
possible through tireless efforts; dedication and commitment of our team who have helped
us reach where we are now and look forward to their continued commitment in the journey
forward.