Ahlada Engineers Limited — Board/Management Information 2019

Aug 29, 2019

Date: 29th August, 2019

To National Stock Exchange of India Ltd. Exchange Plaza, C-1 Block G Bandra Kurla Complex, Bandra (E), MUMBAI-400 051

Scrip Symbol: AHLADA

Dear Sir/Madam,

Sub: Outcome of the Board Meeting of the Company held on 29th August, 2019 - Reg.

This is to inform that, the following items were considered and approved by the Board of Directors of the Company at their meeting held on 29th August, 2019 (Brief profile attached).

• 1. Appointment of Shri Kanakagiri Srinivas (DIN: 00443793) as additional Director (Non Executive-Non Independent) of the Company.
• 1. Recommend a dividend of Rs. 1/- for every Equity Share of Rs. 10/- each i.e., @10% on paid up share capital for the Financial Year 2018-19 subject to the approval of the members.
• 1. The Draft notice and Directors Report for 14th Annual General Meeting for the year 2018-19.
• 1. Fourteenth Annual General Meeting of the Company to be held on Friday 27th day of September, 2019 at 12.00 Noon at ITC Kohenur, Plot No. 5, Survey No. 83/1, Hyderabad Knowledge City, Madhapur (HITEC City), Opp: Inorbit Mall, Hyderabad-500081, Telangana.
• . 5. Close the Register of Members and Share Transfer Books for the purpose of Annual General Meeting of the Company and entitlement of Dividend.
  • 1. Recommend to the members for re-appointment of Shri Ch.Suresh Mohan Reddy, Managing Director, who retire by rotation and being eligible, offers himself for reappointment.
  • 1. Increase in remuneration to Shri Ch.Suresh Mohan Reddy, Managing Director of the Company.
  • 1. The borrowing limits not exceeding Rs. 500 crores (Rupees Five Hundred crores) u/s 180 (1)(c) of the Companies Act 2013.

Ahlada Engineers Limited

Regd. Office: Door No. 4-56, Sv. # 62/1/A & 67, Tech Mahindra Road, Bahadurpally, Dundigal (Gandimysamma) Mandat Medchal Dist., Hyderabad - 500 043, Telangana, India. Phone: +91 98665 00811 / 98665 00822, E-mail: engineers@ahlada.com

1. To approve the limit to secure the borrowings $u/s$ 180 (1)(a) of The 2013.

2. The cost auditor report for the year 2018-19.

• 1. The Secretarial auditor report for the year 2018-19.
• 1. Appointment of Shri Ch.Veeranjaneyulu, Company Secretary, as scrutinizer for the ensuing Annual General Meeting.

The meeting of Board of Directors of the Company concluded at 6.30 P.M.

HYD

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This is for your information and records.

Kindly acknowledge the receipt.

Thanking You,

Yours faithfully, For AHLADA ENGINEERS LIMITED

Parnall P.KODANDA RAMI REDDY COMPANY SECRETARY

Brief profile of Shri Kanakagiri Srinivas

Kanakagiri Srinivas, aged 57 years old, he is a Chartered Accountant and Cost accountant by qualification, Started his career in 1986 in the Investment Department of Unit Trust of India (UTI) and spent two decades in UTI and UTI Securities, headed the Investment Banking Department as President of UTI Securities, has successfully completed more than 50 Initial Public Offers (IPOs) in his career and he is also Director on the Board of Association of Investment Bankers of India and earlier served as a Vice Chairman of the Board Currently heads Saffron Capital Advisors Private Limited as its Managing Director.

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