CEO'S Communique

(OUTGOING CEO)

UMESH ASAIKAR

Dear Stakeholders,

As we embark into the golden jubilee year of our operations, I am delighted that your Company has accomplished 5 decades of tireless service in the Indian chemical industry. I am pleased to have served this prestigious Company for 12 years and will always fondly remember my association with Deepak Nitrite Limited (DNL) throughout its journey of transformation. Now, it is time for me to retire and pass on the baton to the leader of next generation - Shri Maulik Mehta. I feel proud to have had the opportunity to take your Company thus far with all the support and guidance from you and the team at DNL.

Over these 12 years, we have witnessed several milestones and the experience from all these developments has been enriching and delightful. Being a CEO of a global company like DNL is an incredibly demanding role. Fortunately, I have always felt supported in my role by the several passionate and hardworking colleagues; my fellow management team members who have demonstrated utmost dedication towards joint objectives and the several thousand shareholders who have reposed faith in us.

However, I fall short of words to convey how much I have genuinely enjoyed being part of and working with DNL family. To spend over a decade of your life amongst people so enormously talented, relentless and optimistic, and to together achieve excellence and such wonderful outcomes has been nothing short of a blessing.Bidding my farewell, I warmly congratulate Shri Maulik Mehta on his new role, hoping for a brighter future for him and my wholehearted belief that we shall all witness Deepak Nitrite’s continued evolution and further scaling up into a world-class chemical intermediates Company.

Best Regards,

UMESH ASAIKAR