Ganesh Benzoplas Chairman Speech

Dear Shareholders,

It gives me immense pleasure to write to you at the end of year, a6out the growth & progress of your Company throughout FY2017-18.

During the year under review, your Company achieved a turnover ofRs,1,691.58 MICCIONS as against Rs, 1,181.15 Millions in the previous year, recording a growth of 43% YTY The Company recorded an increase of 100% YTY in its normal operating profit, which grew from Rs, 148.89 Million (Before Exception items) to Rs, 297.67 Million (Before Exception Cites).

The Company’s healthy performance was accredited to its expanded storage capacity at JNPT terminal along with the 6ettercapa.city utilization at all the three terminal i.e JNPT, GOA and Cochin. I am pleased to announce that during the year, the Net worth of the Company has turned positive & is Rs,807 Millions, which will further strengthen in the coming years.

Under Chemical division also, this year the Company has generated better revenue as compared to the Cast years 6y increase in sale volume & better capacity utilization. The Company is further committed to generate good revenue from the Chemical division.

Your Company has been working relentlessly on further improving performance & asset utilization as well as generating maximum shareholders value. We Cook, forward to continuing along our successful path together with you.

I would like to thank, a.CC our customers, employees, suppliers, bankers, port authorities & statutory 6odies who are directly & indirectly associated with the Company for their support & commitment.

I thank all my colleagues on the board for their guidance and support. I am also thankful to the fellow shareholders who continue to provide support & repose confidence in the management of the Company.

With Warm regards

Rishi RPilani

Chairman & Managing Director