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Shasun Pharmaceuticals Ltd.

BSE: 524552 | NSE: SHASUNPHAR | Series: NA | ISIN: INE317A01028 | SECTOR: Pharmaceuticals

BSE Live

Nov 17, 16:00
428.85 0.00 (0.00%)
Volume
No Data Available
79,828
  • Prev. Close

    428.85

  • Open Price

    410.00

  • Bid Price (Qty.)

    428.85 (3881)

  • Offer Price (Qty.)

    431.00 (1)

Shasun Pharmaceuticals is not traded on BSE in the last 30 days

NSE Live

Nov 17, 15:57
428.55 0.00 (0.00%)
Volume
No Data Available
507,063
  • Prev. Close

    428.55

  • Open Price

    410.60

  • Bid Price (Qty.)

    428.55 (4656)

  • Offer Price (Qty.)

    0.00 (0)

Shasun Pharmaceuticals is not traded on NSE in the last 30 days

Annual Report

For Year :
2013 2006

Chairman's Speech

Dear Shareholders, At the very outset, I would thank you for being with us and reposing your confidence on the management. We make all possible efforts to meet the highest standards for our products. Our focus is quality and we believe in delivering nothing but the best. Herein, I am pleased to write to you about your Company''s performance for the financial year 2012-13. During Fiscal 13, your Company posted revenue of Rs.11030.52 Mn. and Profit after Tax of Rs.530.36 Mn. We have started the new fiscal with confidence and positivity. I do believe that the decisions by management over the last year will yield positive results in the coming year. We have made impressive strides towards the branded generic space and at the same time maintaining our momentum towards manufacturing operations and technology development. The idea behind the above strategy is to make your Company''s presence felt across the pharmaceutical value chain and at the same time provide impetus to its growth. You will be glad to hear that we have made appreciable headway in nano- and biotechnology areas. FY 13 has been a very challenging year for all of us. The economic scenario is not cheerful and power cuts have posed problems. But please be assured that capital expenditure plan is on track and your Company''s infrastructure development is well on target. You will be delighted to know that your Company''s facilities in Vizag and Cuddalore will soon be ready to support the expansion of next growth phase. I am very happy to share with you that Shasun has the highest number of phase-3 molecules in the pipeline. All this has the potential of being translated into far greater supplier opportunities for us in the near future. On the regulatory side, we have received approvals from key regulatory agencies for our API and Formulations divisions and have acquired accreditation from all majority agencies post their inspections. The performance of the CRAMS division has been encouraging. We have signed agreement for about 5 products with one of the top 3 generic players in the world. This augurs well for the business unit in FY14. EHS (Environment, Health and Safety) play an integral role in your Company''s functioning. We are committed to promoting the best EHS practices for wholesome and holistic development of your Company and its people. Your Company has invested in reverse osmosis plants, multiple-effect evaporators, agitated thin film driers and an activated carbon bed facility for fugitive emissions. Apart from this, the environment around your Company''s factory is regularly monitored by MOEF-approved labs. The above expounds our commitment towards exemplary EHS practices. Various audits by customers and consultants have also established Shasun''s EHS practice as amongst the best in the industry in the whole of our country. We take our corporate social responsibility seriously and have taken humble efforts to contribute to the community we live in. We have partnered with Sankar Foundation Eye Hospital in Vizag, Andhra Pradesh, to roll out awareness programmes, health camps, and have funded surgeries for the poor. SPSL in the UK has been supporting apprenticeships through a new initiative and has partnered with the Northumberland County Council to make this a success. The waste water management programmes have also been refurbished and the initiative has succeeded in involving people from the community on an on-going basis. The future looks exciting and your Company is all geared for value creation. I am confident and enthused as we head towards our goal. I would like to place on record my sincere appreciation and thanks for the assistance and cooperation received from the Banks during the year under review. My deepest thanks to each of you for your continual support and confidence. Without you and the support of our customers, and suppliers, your Company would not have been where it is today. Finally I would like to end by thanking our staffs for their commitment and contribution towards achieving our business objectives. As I conclude a quote of Frank Lloyd Wright comes to my head, ''I know the price of success; dedication, hard work, and an unremitting devotion to the things you want to see happen. With warm regards, S. Abhaya Kumar Managing Director Chennai