Dhanuka Agritech Ltd

Dear Stakeholders,

It is my privilege to address you at the close of what has been a landmark year for Dhanuka Agritech. FY 2024-25 was a period marked by bold decisions, strategic partnerships, and steady financial performance - anchored in our vision to serve farmers with science- led, high-impact solutions.

Among our most significant achievements this year was achieving a milestone of revenue of Rs 2000 crores as well as the acquisition of international rights for two key fungicide molecules - Iprovalicarb and Triadimenol - from Bayer AC. This deal is not just a product expansion; it is a strategic gateway to global growth. With these molecules, we now have a presence in more than 20 countries across Latin America, Europe, Asia, and Africa, marking a monumental step in our journey from an Indian leader to a global agrochemical player.

We continue to enhance our reach amongst the Indian farmers for our products through a dedicated program to increase our retailer reach. This will increase the accessibility of our latest technology to more number of farmers. I feel excited to share that Dhanuka has the highest penetration and engagement with our target audience on social media and crossed the milestone of 200k subscribers on YouTube, which is an industry first. In the coming year we will continue to enhance our reach to farmers by engaging with them on social media.

What is equally satisfying is our ability to sustain this momentum even in a subdued consumption environment, owing to a more favorable kharif season and improved channel liquidity. The team's ability to optimize inventory, avoid price erosion, and introduce new products for the Indian growers has kept us competitive and future- ready.

A special milestone this year was the 10-year celebration of Sempra, our best-in-class herbicide launched in partnership with Nissan Chemical Corporation which crossed landmark volume of 25 MT; and revenue of Rs 50 crores. Sempra's journey - marked by consistent farmer delight with exceptional weed control in sugarcane and maize, and growing treated area - exemplifies the kind of product stewardship we aim to build for every molecule we introduce. It is this long-term orientation that ensures brand recall and channel confidence. This year we plan to introduce another breakthrough technology for Rice farmers through a powerful herbicide to resolve the weed control challenges and resistance issues in transplanted rice.

Our success, however, is not built on products alone. Technology, digitization, and transparency are becoming pillars of our business transformation. From digitizing dealer support to streamlining supply chains and onboarding intelligent forecasting tools - we are building a company that is not just reactive, but predictive.

As Chairman, I am also deeply encouraged by the energy and ambition of the next generation at Dhanuka. Their ability to blend legacy with innovation is what will power our next wave of growth. I see Dhanuka not just as a business, but as a national asset - one that contributes meaningfully to food security, farmer prosperity, and India's global standing.

I thank our partners, shareholders, employees, and most importantly, the farmers of India. Your trust drives us to serve better, grow faster, and innovate harder. The journey continues - with purpose, with pride, and with promise.