"Collaborating for impactful change, emphasizes our dedication to
fostering strategic partnerships that enhance the resilience of our business"
Dear Shareholders,
I am delighted to present the second Integrated Report for FY24
showcasing company's achievements over the past year. Last year, I underscored our
comprehensive approach to sustainability, innovation, and corporate responsibility, all
aimed at shaping a better future for our organization and the planet.
It is imperative for all of us to have a shared vision of a
collaborative approach towards climate action, maintaining the balance between 'planet,
people and profit' and the power of 'oneness'. Building on this foundation, this year's
theme, "Collaborating for impactful change" emphasizes our dedication to
fostering strategic partnerships that enhance the resilience of our business.
The global macroeconomic environment is currently characterized by a
complex interplay of factors. Persistent inflationary pressures, coupled with central
banks' efforts to tighten monetary policies, have created a challenging landscape for
businesses. Geopolitical tensions and supply chain disruptions have further exacerbated
economic volatility.
While some regions exhibit signs of resilience, others grapple with
debt sustainability issues and slowing growth. As the world navigates these challenges,
businesses like ours are adapting to a rapidly changing economic landscape to deliver
sustainable solutions.
Our commitment to sustainability extends across every aspect of our
operations, from manufacturing processes to supply chain management. By prioritizing
sustainability, we not only enhance our efficiency and leadership within the specialty
chemicals industry but also contribute to the broader global effort to combat climate
change.
Even as we expand in the pharmaceutical and agrisciences sector, we are
committed to delivering impactful solutions in the broader life sciences domain. With the
support of our Board, executive leadership, and dedicated employees, we embark on this
collective journey towards sustainable and conscientious growth.
Thank you for your continued support.
Warm Regards,
Narayan K Seshadri
Chairperson, Board of Directors