Prudential Sugar Corporation Ltd Management Discussions

The Company since its inception had been engaged, in the business of manufacture of sugar and allied products at its manufacturing facility of 2500 TCD situated at Prudential Nagar, PO Koppedu, Nindra Mandal, Dist: Chittoor, AP - 517 587.

The Company, after the sale of its assets and business in the year 2017 to Natems Sugar Private Limited, has been out of sugar manufacturing business but continued to be in the business of trading of sugar and its allied products by virtue of its expertise in management and marketing for several years. Besides, the Company is now enthusiastically planning to raise fund by way of Preferential Issue of Equity Shares to non-promoter category investors or by any other means of funds raising to make fresh investments in new areas of business, primarily in Green Energy Sector by setting up a green field project in the State of Rajasthan for which concerted efforts are being made.

The Company is also keen to embark on investments in Subsidiaries and new acquisitions of existing facilities engaged in manufacturing of agri-related projects. The Company has also been exploring potential opportunities for joint ventures with prospective and experienced industrialists and entrepreneurs in other profitable business segments and the Company is engaged itself in carrying out due diligence for a few such proposals on hand. Study by expert consultants is in progress so as to ascertain and evaluate their commercial viability.

The Company with its experienced and eminent Board of Directors, hopes to zero in on some or other projects related to Green Energy, Agri-related products etc., to make meaningful use of its financial health.

The Company firmly believes that Human Resources are the most important organ of an organization and need to be used effectively and as success, and stability and growth of the organisation depends on its ability in best nurturing and developing such Human Resources. As your Company goes forward with enriching its Human Resources and pursuing new goals, we are confident to succeed in identifying and venturing into a profitable business in the ensuing Financial Year.