NE BUSINESS BUREAU
MUMBAI, JAN 27
Agrochemical major Sumitomo Chemical India Ltd. (SCIL) on Monday announced the listing of its equity shares on the BSE and NSE. The listing follows the successful completion of the merger of Excel Crop Care with the Company effective from August 31, 2019.
SCIL got listed with the opening bell-ringing ceremony at BSE, presided over by Ray Nishimoto, Representative Director and Executive Vice-President, Sumitomo Chemical Company, Japan (SCC Japan), Mukul Asher, Chairman, SCIL and Chetan Shah, Managing Director, SCIL.
Commenting on the occasion, Ray Nishimoto, Representative Director & Executive Vice-President, SCC Japan said, “Today is an important milestone for us and over the last 20 years since we set up our Indian operations, SCIL has built strengths that have helped it become a leading agro-solutions player in India. India is a country with great opportunities and a growing market which is of utmost importance to us, and we are confident SCIL would continue its journey of growth and success in India going forward for a long period. SCC Japan and SCIL would continue to partner with Indian farmers and support India’s strategic vision towards increasing farmer incomes and achieving food safety for India’s growing middle-class population.”
Mukul Asher, Chairman & Independent Director, Sumitomo Chemical India Ltd said, “I would like to take this opportunity to thank all our stakeholders for their overwhelming support, that guided us through this integration process and set us on the path of an exciting new journey. With the core values of “Excellence”, “Customer Focus”, “Integrity”, “People Focus”, “Respect” and “Sustainability” we aim to be a trusted market leader in the coming years. We look upon good Corporate Governance practices as a key driver of sustainable corporate growth, long-term stakeholder value creation and benefit the society at large.”
Chetan Shah, Managing Director, Sumitomo Chemical India Ltd said, “The listing on the stock exchanges marks an important step in our growth journey towards creating a leading agrochemical company in India. We will be focused on delivering high-quality products, investing in people, technology and innovative solutions and undertake continuous improvements to maximize operational efficiency. We will continue with even greater enthusiasm in our endeavors and with stronger commitment to leverage our competitive advantages, create new opportunities, traverse new boundaries and deliver greater stakeholder value.”
