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.
Sd\- |
Shantilal Ishwarlar Patel |
Chairman |
DIN:01362109 |