Dear Shareholders

On behalf of the Board of Directors and the Company it is my pleasure to extend a warmwelcome to you all to the 26th Annual General Meeting of the Company.

During the year we progressed on our vision to be a world leader in ChromeChemicalManufacturing by BETTERING THE BEST in technology quality and through ourunbending commitment to customers and environment. During the year the Company improvedits performance in domestic and export segments. Our topline on consolidated basisimproved by 18 % year on year while our profit after tax increased by 69%.

As a leading global player in the chrome chemical market the Company is concentratingmore on export market in order to utilize its full production capacities and acceleratethe margins. Apart from maintaining the current market share of the products the Companyis able to expand its product base with an additional capital inflow during the year.

Vishnu Chemicals is committed to the conservation of the environment health and safetyof its employees and all stakeholders. The Company's growth plans are in line withenvironment health and safety policy. The Company continue consider its people andcommunities around our facilities as key stakeholders. During the year out outlay towardssocial developments stands at 41.33 Lakhs towards old age homes promotion of educationplantations sports safe drinking water and rural development initiatives.

I take this opportunity to thank our customers investors suppliers policy makers andfinancial institutions for their continued support. Last but not least I thank VishnuChemicals Team for aligning their vision with our corporate vision.

Ch. Krishna Murthy

Chairman & Managing Director.