Avanti Feeds ltd. — AGM Information 2019

Aug 9, 2019

Ref: AFL/BSE & NSE/2019-20/

The Deputy General Manager BSE Limited, Corporate Relation Department 1st Floor. New Trading Ring Rotunda Building, Phiroze Jeejeeboy Towers, Dalal Street, MUMBAI - 400 001 Fax: 022-2272 2041 /22723121 09th August. 2019

National Stock Exchange India Ltd. Exchange Plaza Sandra (East) Mumbai - 400 0051. Fax: 022-26598237/38

NSE Code: AVANTIFEED

Dear Sir,

BSE Code: 512573

Sub: AVANTI FEEDS LIMITED - Proceedings of 26th Annual General Meeting (AGM) held on 09.08.2019 - Reg.

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Ref: Our letter No: AFUBSE & NSE/2018-19, dated 13 1h July, 2019.

Further to our letter cited, we enclose herewith, a summary of the proceedings of the 26 1 r. Annual General Meeting (AGM) of the Company was held on Friday, the ogth August, 2019 at. 11 :00 AM at Vedika Hall, Hotel Daspalla, Vishakhapatnam - 530 020 pursuant to Reg. 30 of SEBI {Listing Obligations and Disclosure Requirement) Regulations, 201'5.

We request you to take above information on your records.

Thanking you,

Yours faithfully, for Avanti Feeds Limited

• � ^Q��u.OJ.-.Au \h

C. Ramachandra Rao Joint Managing Director, Company Secretary & CFO

Encl: As above .

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Corporate Office: G 2. Concorde Apartments, 6-3-658, Somajrquda, Hyderabad-500082 Telangana State. India .. +91 140) 23310260 /61 !!'. • 91 [40123311604 INWw avantifseds.corn • avanunofdavannteeos com

Registered Office: Flat No.103. Ground Floor, R Square, Panduranqapur arn. V1sc1khaparnam - 530003, Andhra Pradesh. India CIN L 1600 IAP1993PLC095778

Ardrnq Sustainability & Reliability to Aquaculture

Summary of Proceedings of 26thAnnual General Meeting held on 09th August, 2019

The 26 ¹¹¹Annual General Meeting (AGM) of the Members of Avanti Feeds Limited was convened at 11.00 A.M. on Friday, the os" August 2019 at Vedika Hall, Hotel nasoaua, Jagadamba Junction, Visakhapatnam - 530 020. Sri C. Ramachandra Rao, Joint Managing Director, Company Secretary and Chief Financial Officer of the Company welcomed the members and invited the Chairman and Managing Director and other Directors to the dais.

Sri A. Indra Kumar, Chairman & Managing Director of the Company chaired the meeting and conducted the proceedings in respect of Item Nos. 1 to 4 and Item Nos. 8 to 14. In view of Sri A. Indra Kumar, Chairman & Managing Director's interest in respect of Item Nos. 5, 6 and 7 Sri B.V.Kumar Independent Director was elected as Chairman and conducted the proceedings.

As per the record of attendance 215 'members were present either in person or through Proxy. The requisite quorum being present, the Chairman called the meeting to order. The Chairman delivered his speech and then gave an opportunity to the Members to ask questions or seek clarifications on the agenda items. The queries raised by the members were replied. The Notice of the Meeting was taken as read with the permission of the members. Thereafter, the Chairman explained the agenda items mentioned in Serial Nos. 1 to 14 of the Notice. The Chairman informed that the Company had provided the Members the facility to cast their vote electronically on all resolutions set forth in the Notice. Members who are present at the AGM and who had not cast their votes earlier by e-voting are requested to cast their vote by way of Polling Paper at the Meeting.

The Chairman further informed the Members that Sri V. Bhaskara Rao, Practicing Company Secr'etary has been appointed as the Scruti nizer and who would report on the combined voting results of e- . voting and voting through Polling Paper for each of items as per the Notice of the AGM.

The following items of business as per the Notice of the 26 ¹hAGM were transacted ait the Meeting:

Ordinary Business:

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Item No.JI. - Ordinary Resolution

Adoption of·

• a. The audited financial statements of the Company for the financial year ended 31 �, March 2019, the Report of Board of Directors and the Report of the Auditors thereon.
• b. The audited Consolidated Financial Statements of the Company for the financial year ended 31 ⁵¹March, 2019 and the Report of the Auditors thereon.

Item No.2 - Ordinary Resolution

Declaration dividend of Rs.4/- per equity share of Re.1/- each fully paid-up for the Financial Year 2018-19 .

Continued ... 2

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Item No.3 - Ordinary Resolution

Appointment of Mr. N. Ram Prasad, (DIN: 00145558) as Director who retires by rotation and offers himself for re-appointment.

Item No.4 - Ordinary Resolution

Appointment of Mr. Wai Vat Paco Lee (DIN: 02931372) as Director who retires by rotation and offers himself for re appointment.

Item No.S - Ordinary Resolution

Appointment of Sri A. Venkata Sanjeev (DIN: 07717691) as Director.

Item No.6 - Special Resolution

Appointment of Sri A. Venkata Sanjeev (DIN: 07717691) as Whole-time Director designated as Executive Director.

Item No.7 - Special Resolution

Payment of remuneration to Executive Directors who are Promoters' or members of the Promoter Group in excess of the limits prescribed under SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018.

Item No.8 -Special Resolution

Re-appointment of Sri A.V. Achar (DIN:00325886) as Independent Director.

Item No.9 - Special Resolution

Re-appointment of Sri B.V. Kumar (DIN:00521139) as Independent Director.

Item No.10 - Special Resolution

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Re-appointment of Sri M S.P. Rao (DIN:00482071) as Independent Director .

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Item No.11- Special Resolution

Re-appointment of Sri K. Ramemohana Rao (DIN: :02384687) as Independent Director.

Item No.12 - Special Resolution

Re-appointment of Sri N.V.D -. S. Raju (DIN: 05183133)as Independent Director.

Item No.13 -Special Resolution

Re-appointment of Smt. K. Kiranmayee (DIN: 07117423) as Independent Director.

Item No.14 - Ordinary Resolution

Appointment of Sri J.V.Ramudu (DIN: 03055480) as Independent Director.

The members at the meeting completed the voting process. The Chairman announced that combined results of thee-voting and voting at the AGM would be declared on or before 111^hAugust, 2019 and that the results would be placed on the website of the Company and informed to Bombay Stock Exchange and National Stock Exchange. The Chairman extended his heartiest thanks to the members for their association with the Company.

The meeting concluded at 11.50 A.M. on 09 1h August, 2019.

The Scrutinizers Report was received on 09 .08.2019 and as set out there in all the aforesaid Fourteen (14) Resolutions was declared passed with requisite majority.

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This is for your information and record.

For Avanti Feeds Limited

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C. RAMACHANDRA RAO JOINT MANAGING DIRECTOR, COMPANY SECRETARY & CFO

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