Dear Shareholders,
am happy to address you at a time when your Company has achieved an all
time high in profits during the year 2023-24. This has been made possible with the support
of the Promoters, Nitta Gelatin Inc, Japan and the Kerala State Industrial Development
Corporation Limited (KSIDC) and backed by the dedicated efforts of the Company's
employees. The State of Kerala has formulated a new policy to accelerate its industrial
growth and create more employment opportunities. This policy builds upon the previous
policy unveiled in 2018, incorporating changes that align with the current times. Kerala
is carving out a distinct industrial model by fortifying core sectors, attracting
substantial investments, nurturing innovative concepts and fostering a sustainable
business environment. This is also reflected in the gross state domestic product that has
shown a growth rate of more than 11% in 2023-24 compared to 2022-23.
The Ground-Breaking ceremony (Bhumi Pooja) of your Company's Collagen
Peptide expansion project was held on April 30, 2024 at its factory located in Kakkanad,
Kochi. The project is expected to be commissioned by the middle of next year. The demand
for Collagen Peptide is growing worldwide as it helps in promoting joint health and also
‘beauty from within'.
The Company is also actively evaluating investments in other
opportunities. Welcoming the new investments, the Hon'ble Chief Minister of Kerala noted
that the State of Kerala has a strong relationship with the Japanese partners and
expressed happiness that the Company has honoured the commitment that was made to him
while he visited Japan. He said that the Company is a shining example of a successful
partnership between the State and a global organisation and offered all support for
further expansion of its activities in Kerala.
I wish to express my best wishes and support to the management team for
pursuing an aggressive growth plan to establish new performance records in the years
ahead. I would assure you of the support of the Government of Kerala and the KSIDC in this
exciting journey ahead.
Best Regards,
APM Mohammed Hanish IAS