Assalamu Alaikum,

As we reflect on the fiscal year ending June 30, 2023, I must acknowledge that we faced significant challenges. Despite these headwinds, I want to share our commitment and the path forward with you.

The economic landscape for the year under review was exceptionally challenging, marked by factors beyond our control. Despite our best efforts and unwavering dedication, our company's profit for the year decreased by 3% compared to the previous year. While this result is not what we had hoped for, we believe it is essential to provide context to this decline.

The serious macroeconomic stress we encountered included inflationary pressures, fluctuating exchange rates, and market uncertainties. These external factors posed substantial hurdles to our operations and profitability.

Our response to adversity has been resolute. We have taken steps to streamline our operations, optimize costs, and enhance efficiency. Our investments in research and development continue to yield promising results, strengthening our product portfolio for the future.

We remain committed to sustainable practices, emphasizing responsible production and environmental stewardship. These principles not only align with our values but also position us for long-term success in an evolving market landscape.

While we acknowledge the challenges, we are steadfast in our belief that our company has the resilience and adaptability required to overcome them. We have a clear strategy in place to rebound, driven by innovation, customer-centricity, and prudent financial management

I want to extend my heartfelt gratitude to our shareholders, customers, and dedicated team for your continued trust and support. We understand the faith you have placed in us, and we are determined to honor it.

As we look ahead, we remain committed to delivering value to our shareholders and contributing to the prosperity of Bangladesh's agriculture sector. The path may be challenging, but we are confident that our enduring commitment to excellence will lead to brighter days.

Thank you for your unwavering support.

With best regards.

M. Anis Ud Dowla
Chairman