PCBL Ltd

Manoging Director's Desk

We successfully commissioned our cutting-edge Greenfield Project in Tamil Nadu, acquired Aquapharm Chemicals, partnered with a nanotechnology company, and incorporated a subsidiary in Europe.

Dear Stakeholders,

The fiscal year 2023-2024 has been particularly eventfuI and successful, marked by a series of significa nt mi lesiones in our growth and diversif?cati?n journey. We successfully commissioned our cutting-edge Greenfield Project in Tamil Nadu, acquired Aquapharm Chemicals, partnered with a nanotechnology co m pa ny, and i neo r po rated a subsidiary in Europe. Each of these achievements represents a strategic leapforward for PCBL. Additionally, our financiaI performance has been remarkable, with the highest evervolumes, profitability, and market capitalisation. These achievements reflect our strategic focuson high-margin produc?s, cost-efficient operations, and prudent f ?nancial management.

The successful commissioning of our Greenfield Project in Tamil Nadu through wholly owned subsidiary, has not only enhanced our production capabilities but also significantly ?mproved our overaII supply chain efficiency. Incorporating Industry4.0 technologies equipped with AI, ML, and Data Analytics at this facility has set a benchmark for our other plants, paving the way for a smarter, interconnected, and highly automated manufacturing environment. This leap forward underscores ou r commitment to digital transformation and reinforces our position at the forefront of the industry.

Our acquisition of Aquapharm Chemicals, a specialty chemicals company with product applications in industrial water treatment, detergents, and the oil & gas industry, is a significant step towards future- proofing and diversifying our product portfolio.

With production facilities in India, USA, and Saudi Arabia, and a strong market presence in Europe and the Americas, this acquisition is set to synergise the strengths of both entities, driving forward our mission to deliver increasingly higher value to our customers.

In parallel, our proposed strategic partnership with a company specialising in nanotechnology-based battery solutions, perfectly aligns with our strategy to enhance our product offerings and deliver groundbreaking solutions to our customers. Our collaboration aims to use nanotechnology to create batteries that are more efficient and environmentally friendly. These advancements will contribute to the creation of EVs that are more affordable, reliable, and sustainable, aligning with our dedication to embracing advanced technologies for a better future.

Furthermore, the incorporation of a subsidiary in Europe as part of our global expansion strategy extends our footprint and brings us closer to our European customers, enabling us to serve them with greater efficiency and local expertise.

PCBL remains committed to increasing our allocation to research and development, creating innovative and efficient solutions for our customers. Our vision to enhance our competitive edge and drive growth is well-aligned with the ongoing expansion of our market presence, both domestically and internationally. As we extend our supply chains to new geographies, we are poised to leverage the robust economic growth and capitalise on emerging opportunities. We are in the process of developing a new product roadmap that emphasises sustainability, prioritising the development of eco-friendly feedstock and innovative solutions aligned with our environmental objectives.

Our sustainability journey has been marked by significant milestones and achievements, representing our continuous progress towards a more sustainable future. Over the past year, we have made remarkable progress in advancing our sustainability agenda on all fronts. One of our most notable achievements this year has been the attainment of key milestones in our environmental performance. Our manufacturing plants are 100% Zero Liquid Discharge (ZLD) compliant, a testament to our unwavering dedication to water conservation and pollution prevention. Additionally, we have made significant strides in managing our

greenhouse gas emissions, underscoring our commitment to combating climate change and minimising our environmental footprint. We have also increased our green power capacity to 122 MW to further offset greenhouse gases.

Maintaining a strong customer-centric approach is integral to our strategy. We continue to prioritise the needs of our customers, delivering high-quality products and exceptional service. This approach not only strengthens our customer relationships but also drives our long-term success in the market. Moreover, our transition from traditional Customer Relationship Management (CRM) to a holistic Customer Experience Management (CEM) approach reflects our dedication to creating exceptional experiences for our customer partners.

We place great emphasis on leadership development and succession planning. Our goal is to nurture leaders from within the organisation, ensuring a strong pipeline of talent to drive future growth. Through comprehensive training programmes and development initiatives, we are preparing our next generation of leaders to meet the challenges of tomorrow with confidence and competence.

We recognise that our employees are the cornerstone of PCBL, and their well-being is our top priority. Through substantial investments in technology, infrastructure, training, and processes, we empower our workforce with the skills needed to tackle future challenges. Ensuring a safe and engaging workplace is not just a commitment but a constant endeavour. Further, we are also striving to cultivate a culture of belonging where Diversity, Equity, and Inclusion are not only acknowledged but celebrated as a fundamental strength.

In conclusion, I extend my heartfelt gratitude to our dedicated employees, valued partners, loyal customers, and esteemed shareholders for their unwavering support. Together, we have navigated a challenging year with resilience and have laid a strong foundation for future growth. I am confident that with our strategic initiatives and dedicated efforts, PCBL will continue to thrive and achieve greater heights in the years to come.