VIDHI DYESTUFFS- AGM UPDATES

AGM of Vidhi Dyestuffs shareholders held on 16^th September 2015 at Mumbai. Some important points of speech of Chairman Mr. Bipin Manek in AGM are as under:

1.    Vidhi Dyestuffs has expanded the production capacity of edible food colours from 2600 MTPA to 4000 MTPA, i.e. 54% increase in existing capacity.

2.    After expansion now Vidhi Dyestuffs ranks third in world with capacity of 4000 MTPA. First is Synsient with capacity of 20000 MTPA and second is Roha Dychem with capacity of 9000 MTPA.

3.    Commercial production started from expanded capacity from 5^th September 2015.

4. Cost of expansion is Rs.12 crores, for which Rs.6.50 crores used from internal accruals and Rs.5.5 crores loan taken from banks.

5.    Company is further planning for expansion for double the capacity from existing 4000 MTPA to 8000 MTPA in next four years, i.e. by 2019.

6.    After further expansion company is targeting revenue of Rs.500 crores by 2019.

7.    Company is also planning to entry in new segment of Natural Colors in next two-three years.