Dear Associated Shareholders,

With immense pleasure would like to inform through this communication on the performance of our Company for the 9^th financial year 2022-23.

Despite of all the obstructions and due to the strong commitment of our team members and stakeholders Company achieved a Turnover of Rs.814.36 Crores. Unfortunately, due to low milk volumes, climatic factors, Lumpy skin disease etc, Company incurred a loss of Rs. (4.01) Crores in the financial year 2022-2023.

Your Directors are pleased to recommend the Dividend to the Members, whose names are appeared in the Register of members of the Company as on March 31, 2023.

Company has given a loyalty incentive of Rs.1.42 Crore to its active producer members who have fulfilled all the conditions as per the criteria laid down. Company has worked for the motivation of the farmers by making them producer members of the Company. Further, large number of small dairy farmers were educated and trained to attain sustainable livelihoods.

During the Financial year 2022-23, Company has procured an average of 418 TKGPD of raw milk from its registered members through its 3,100 Milk pooling points in 10 districts of Western UP and paid competitive and remunerative prices to its members on a regular interval of 10 days of milk payment cycle. Besides this, Company has continued its efforts too for providing Artificial Insemination and Ration Balancing services at the doorsteps of the member farmers and producers and came across outstanding performance of AI Services which was 5.48 Lacs AI through its 600 skilled Mobile AI Technicians covering 5,485 villages.

Further, Company’s Cattle Feed under brand name of “Saahaj Sudana” and its Area Specific Mineral Mixture under the brand name of “Saahaj Min” got worthy response from its operational area and the Company has registered a sales of 7,638 MT & 44 MT for Cattle Feed and Mineral Mixture respectively. Company also registered a sales of 36 MT of Fodder seeds during the year. This in turn has helped in improving the productivity of dairy animals of the milk producers and farmers.

Company has achieved a membership of 95,945 wherein women membership participation was 51,807 which is 54% approx. as we believe that “women are the backbone of every household and if they get a chance to prove herself always resulting with an astonishing result.”

Company’s milk and milk products are gradually becoming popular in its operational area. As we enter in a new financial year we aim at strengthening the Sales & Marketing structure and expand our reach in terms of our Sales & Distribution network .The Company with its strong product line of Poly pouch milk, Butter Milk, Dahi & Ghee is on a path to become one of the popular brands in its operational area. With a determination to conquest in the market Company will leave no stone unturned to provide better quality products at affordable price to its customers.  

During the year, Company has achieved a PPM sale of 38,586 LPD, Butter Milk sale of 2,201 LPD and Curd sale of 4,432 KGPD and total Ghee sale was 320 MT.

Once again, I thank you for the confidence you have placed in the Company and for your continued support.

We always look forward for your valuable suggestions and guidance.

Your Sincerely
Sd/-
Rajneesh Kumar
Chairman & Director