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companylogoChemplast Sanmar Ltd

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BSE Code : 543336 | NSE Symbol : CHEMPLASTS | ISIN : INE488A01050 | Industry : Chemicals |


Chairman's Speech

Vision Driven by Thoughtful Leadership

Strategic Growth: Staying Focused on the Long Game

Amid external headwinds, our strategy remained clear and consistent — focussed on innovation, integration, and incremental growth:

Dear Stakeholders,

It is my honour to share with you our reflections on a year defined by uncertainty — and our determination to convert that uncertainty into direction.

The global business environment in 2024-25 was anything but stable. Against a backdrop of global uncertainties, including slowing demand across major economies, rising input costs, escalating geopolitical tensions, and new tariffs imposed by USA followed by countermeasures from other nations, businesses faced a challenging environment marked by disrupted trade flows and heightened volatility in prices and supply chains. Amidst this turbulence, India stood out as a beacon of relative stability, driven by strong infrastructure spending, manufacturing-supportive policies, and consistent rural and urban consumption.

At Chemplast Sanmar, we did more than respond. We stayed true to our values, acted decisively in the present, and continued to build with foresight. The year tested our systems, and in doing so, reaffirmed the strength of our strategy and the calibre of our people.

The Paste PVC speciality plant at Cuddalore, commissioned in late 2023-24, reached 90% utilisation by March 2025.

We advanced the expansion of the CMCD platform by completing Multi-purpose Block 3 (Phases 1 and 2) and commencing work on Phase 3 and MPB 4.

We have commenced investments in the manufacture of R-32 gas at our Karaikal facility, marking a strategic milestone in our transition towards low- GWP molecules. This initiative leverages our deep expertise in the R-22 chemistry platform and aligns with global climate imperatives.

In total, our investment is over Rs. 1,600 Crores across these strategic initiatives, underscoring our confidence in the long-term potential of our speciality platforms.

Sharpening Our Portfolio

This year, we sharpened our capital allocation strategy, placing greater emphasis on long-term growth opportunities in the speciality chemicals space. While our operations continue to be anchored in two distinct platforms: speciality and commodity, our investments are increasingly skewed towards high- value, differentiated offerings within the speciality segment. This focused approach is not only aligned with our long-term aspirations but also leverages the macro tailwinds of the China +1 strategy, which continues to drive global interest in India as a reliable alternative manufacturing hub.

We maintained our leadership position in the speciality chemicals segment, underpinned by our dominant presence in the Paste PVC space. In Suspension PVC, we maintained our leadership position in South India by leveraging strong customer relationships, operational scale, and integrated processes.

We remain committed to fostering a fair and competitive domestic market.

The industry continues to grapple with challenges arising from the dumping of products at predatory prices by certain countries, which has placed considerable strain on domestic manufacturers.

Investigations into these practices are currently in progress. Although the process has taken longer than anticipated, we are encouraged by the momentum and remain hopeful that a resolution will soon pave the way for a more equitable and sustainable operating environment.

We strategise wisely, plan meticulously and execute faithfully to be successful.

Safety isn't expensive.

It is priceless.

Safety: Embedded in Our Culture

Amid uncertainty, one value remained non-negotiable: Safety. At Chemplast Sanmar, it is not just a protocol but a deeply embedded mindset, reflected in everyday actions across all levels. We continued to strengthen our behavioural safety culture through greater awareness, ownership, and proactive intervention. Our leadership team reinforces this culture daily through audits, open forums, and by example. This year, we enhanced site audits, introduced predictive risk tools, and expanded crossfunctional safety dialogues and awareness programmes across the organisation.

No growth or success will be worth its salt, if it is acquired under anything other than completely ethical behavioural standards.

In the long run, only a completely ethical company can win this marathon race.

- N Sankar

The Sanmar Group

CSR & ESG: Responsibility in Action

We continue to deliver on our broader responsibilities - to the environment, and to the communities that surround us.

Highlights from 2024-25 include:

A major initiative to replace grid power with renewable energy across key facilities - set for commissioning in 2025-26.

Ongoing community engagement through school infrastructure development, women's livelihood training, and healthcare programmes in Tamil Nadu and Puducherry.

Greater ESG transparency and accountability, with clearer KPIs and board-level oversight.

Closing Thoughts

The world may remain unpredictable, but our foundation is firm. Our culture, rooted in ethics, driven by safety, and powered by resilience, is enabling us to build a future of purposeful growth. This year has been better than the last, and we believe the year ahead holds even greater promise.

As we navigate today's volatility, we remain steadfast in our commitment to making Chemplast Sanmar agile, inclusive, and future-ready.

To every employee, partner, investor, and community we serve, thank you for your belief in us. We look forward to continuing this journey with courage, clarity, and purpose.

With a strong pipeline of opportunities, a focus on innovation, and a passionate team, we remain optimistic for the future.

Sincerely,

Vijay Sankar

Chairman

   

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