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Modi Naturals

BSE: 519003|ISIN: INE537F01012|SECTOR: Edible Oils & Solvent Extraction
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Mar 13
Chairman's Speech (Modi Naturals) Year : Mar '16

Message to Shareholders

It gives me great pleasure to write to you as your company witnesses tremendous growth in the branded segment.

It is a matter of pride for us that our clientele continues to grow strongly across the entire national geography

The year 2015-16 had been a demanding, but also a tremendously rewarding, one. Whilst India enters a faster growth period from three years of stunted growth, the transition period is marked by global uncertainty and volatility in financial markets. Despite this, your company has fared well in the segments it operates in. We are fast emerging as leaders within subcategories of the branded edible oil segment. This has been achieved by innovative and thoughtful product strategy followed by focused brand promotion activities.

Your Company''s brand building efforts have helped create leadership in some categories with strong consumer franchises that yield healthy margins. The Company continues on its journey towards building a higher value added and a higher margin portfolio of brands. While we maintain confidence in the quality of our products, we try to do everything we can to ensure that Modi Naturals'' emerges as an even stronger, trusted and respected Company We want to continue to drive growth in the categories where we are leaders and have a competitive advantage, by providing our consumers with superior quality products. We are also focused on developing innovative products and brands to leverage our growing distribution network.

In spite of the evolutionary changes, our Company has undertaken over the years to respond to those challenges, the one thing that has remained constant, since our inception, is our commitment to stewarding our Company in the best interests of our shareholders. We see this as a source of competitive advantage for the business now and in the years ahead. I, thank you, dear shareholders for placing your faith in the Company I also thank the very committed members of the Modi Naturals'' team and the Company''s business associates for their continued support. My team and I look forward to the challenges of delivering sustainable profitable growth in the years ahead with confidence.

I look forward to greater success for Modi Naturals'' in the years to come.

Sincerely

sd/-

Akshay Modi

Executive Director

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