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Chembond Chemicals Ltd.

BSE: 530871 | NSE: CHEMBOND |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE995D01025 | SECTOR: Chemicals

BSE Live

Oct 22, 16:00
221.80 -4.55 (-2.01%)
Volume
AVERAGE VOLUME
5-Day
5,357
10-Day
9,421
30-Day
10,543
2,939
  • Prev. Close

    226.35

  • Open Price

    234.15

  • Bid Price (Qty.)

    221.80 (5)

  • Offer Price (Qty.)

    229.50 (100)

NSE Live

Oct 22, 15:58
222.40 -9.35 (-4.03%)
Volume
AVERAGE VOLUME
5-Day
39,778
10-Day
52,407
30-Day
87,783
38,116
  • Prev. Close

    231.75

  • Open Price

    233.55

  • Bid Price (Qty.)

    222.40 (101)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2015 2012 2011 2010 2009 2008 2002

Chairman's Speech

Dear Shareholder, The year since the last Annual General Meeting has been a most eventful one for your Company and the country. It started with a new government beginning to implement a number of policy decisions and clearing some of the systemic impediments to the smooth functioning of the economy. The sharp fall in global oil prices coupled with reduction of the fiscal deficit resulted in a much healthier economy. The signsforthe future indeed seem good. Closer to home, as you probably know by now, your Company recently took a major decision to divest its stake in its joint venture, Henkel Chembond Surface Technologies Ltd. This decision, as you can imagine, was not an easy one to make especially since Your Company was founded with these pioneering metal treatment chemicals by Dr. Vinod D. Shah in the early seventies. Having achieved a top tier position in the country against global competition in its initial days itself, the joining of hands with Henkel, led to your Company''s jointventure becoming the market leader in India. Ultimately though, it was an objective decision to focus on businesses where your Company holds more management control and where growth and profits are not subjected to factors outside those of the economy. YourCompany believes that joint ventures need to be run in the true spirit of partnership and is proud of the fact that even in joint ventures where it has a majority, decisions are taken by consensus and only in the best interests of the company. Moving forward, Chembond will be investing in and focusing on growth via organic and inorganic means on its promising businesses of, - Water treatment, where Chembond uniquely offers the entire spectrum of specialty chemicals, equipment systems and bio- remediation solutions fortreatment of intake water, process water and waste water enabling recycling; - Construction chemicals, where the range of superior performance products serve all stages and segments of the new construction and repair industry; - Coatings where your Company is in the process of consolidating its high performance and industrial coatings businesses and developing greener, waterborne coatings; - Animal Nutrition which has shown promising growth over the last few years based on the higher emphasis by farmers and industry on nutrition, bio security and introduction of modern practices; - Protochem, a 100% subsidiary, which has introduced a wide range of maintenance and repair (MRO) products and which will continue to develop its portfolio of products for the defence industry. Furthermore, your Company has ventured into two businesses, which are attheir incubation stage: - As has been mentioned last year, your Company started making a foray in the polymers domain. The plan is to develop unique bio-based polymers, which in addition to being renewable, offer performance characteristics better than conventional polymers. Chembond has been able to attract Dr. Prakash D. Trivedi to the Board of Directors to help guide these efforts. Dr. Trivedi is recognized as one of the foremost authorities and credited with pioneering work in this field. The results of his joining the Board are already being seen and Your Company can proudly state that it has filed its first patent this year. - Your Company has just formed a new partnership with Calvatis GmbH in the form of a 55:45 joint venture called Chembond Calvatis Industrial Hygiene Systems Ltd. This joint venture would focus on serving the dairy, beverage, brewing and food processing industry with world-class specialty chemicals, services and equipment solutions for cleaning and hygiene management. We remain focused on translating the potential of the Indian economy through our strong business portfolio and positioning into a profitable growth for all of you. With warm regards, Sameer V. Shah Nirmal V. Shah Chairman and Managing Director Managing Director 6th July, 2015