Avanti Feeds ltd. — Board/Management Information 2019

Dec 30, 2019

Aiding Sustainability & Reliability to Aquaculture

Ref: AFL/BSE & NSE/2019-20

271h December, 2019

National Stock Exchange India Ltd. Exchange Plaza Sandra (East) Mumbai - 400 051. Fax: 022-26598237/38

Dear Sir

Sub: Avanti Feeds Limited - Corporate Announcement - Change in Nominee Director - Nomination of Dr Rajat Bhargava, IAS - Clarification - Reg. Ref: 1. Our letter No: AFL/BSE & NSE/2019-20 dated 07-10-2019

We have intimated vide our letter cited withdrawal of Nominee Director Sri Solomon Arokia Raj, IAS by Andhra Pradesh industrial Development Corporation Limited(APIDC) and nomination of Dr. Rajat Bhargava, IAS vide their letter dated 27.09.2019. It was noticed today that National Stock Exchange (NSE) sought a clarification on (a) Brief

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profile of Dr. Rajat Bhargava and (b) Disclosure of relationship between Directors, under the Tab Corporate announcements>adequacy. In this connection we are to inform that the Board at its meeting held on 19.10.2019 noted the

cessation of Sri Solomon Arokia Raj, IAS w.e.f. 27.09.2019 and appointed Dr. Rajat Bhargava, IAS as Nominee Director of APIDC w.e.f. 19.10.2019. The brief profile of Dr. Rajat Bhargava along with the other details as required under SEBl(LODR) Regulations was submitted to the NSE, as part of Outcome of the Board Meeting. on 19.10.2019. (Copy enclosed). We request you to kindly take the above on record. Thanking you,

Yours faithfully, for AVANT! FEEDS LIMITED

'---€-���

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

Encl: As above.

Corporate Office: G-2, Concorde Apartments, 6-3-658 Somajiguda, Hyderabad-500082. Telangana State. India. �+91140) 23310260/61 .!! +91140) 23311604 -@ www.avantifeeds.com ava n tiho!aavantifeeds.corn

Registered Office: Flat No.103, Ground Floor, R Square, Pandurangapuram. Visakhapatnam - 530003, Andhra Pradesh. India. CIN: L16001AP1993PLC095778

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Aiding Sustainability & Reliabilily to Aquaculture

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

The Deputy General Manager BSE Limited, Corporate Relations Department 1st Floor, New Trading Ring Rotunda Building PhirozeJeejeeboy Towers, Dalal Street, Mumbai - 400 001

191h October, , 2019

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

SSE Code: 512573

NSE Code: AVANTIFEED

Dear Sir,

Sub: AVANTI FEEDS LIMITED - Information to the Stock Exchanges on the decisions of the Board Meeting held on 19.010.2019- Reg� * * *

In pursuance of the SEBI (Listing Obligations & Disclosure Requirement) Regulations, we are to inform that the Board of Directors of our Company at its meeting held on 19.10.2014inter alia approved the following: -

• 1. Un-Audited Financial Results for the quarter ended 30.09.2019
• 1. Cessation of Sri Solmon Arokia Raj, IAS as Nominee Director w.e.f. 27.09.2019 and Appointment of Dr. Rajat Bhargava, IAS, as Nominee Director w.e.f. 19.10.2019. (Details at Annexure-1)
• 1. SVIMSAN Exports & Imports Private Limited (SVIMSAN) (Non-functional and Nonmaterial subsidiary): -

Write-off of (i) equity investment in 10,00,000 equity shares of Rs. 10/- each aggregating to Rs. 1.00 Crore and (ii) irrecoverable loan of Rs. 90.1 O lakh. (Details at Annexure-2)

The Board meeting held on 19.10.2019 commenced at 10.30AM and concluded at 5.00 P.M.

Thanking you,

Yours faithfully, for Avanti Feeds Limited

-@. ��w-_-c_�L� C. Ramachandra Rao Joint Managing Director, Company Secretary & CFO

Encl: As above

1:orpo�ate Office: G-2, Concorde Apartments, 6-3-658, SomaJrguda, Hyderabad-500082, Telangana State lndia �+91 (40)23310260/61 tl +?1 (40)23311(,04 ° C,

www.avantifeeds.com

· nvantihorctavantileeds.corn

no9istered Oftica: Ft�t No.103, Ground r-toor. R Square, Pandurangapuram. V,s.ikhapatnam - 530003 Andhra Pradesh, India. ' CIN: L 160011;\P 1993PLC095778

Aiding Sustainability & Reliability to Aquaculture

Annexure-1

Details in regard to appointment of Dr. Rajat Bhargava, IAS, Chairman and Managing Director, APIDC as Nominee Director w.e.f 19.10.2019 in place of Sri Solomon Arokia Raj, IAS.

SI.No.	Details of event	Remarks
1	Reason of change$VZ_{11}$appointment, resignation,removal, death or otherwise	APIDC has withdrawn the nomination of Sri SolmonArokia Raj, IAS (Nominee Director) on 27.09.2019.
		The Board noted cessation of office of NomineeDirector by Sri Solmon Arokia Raj, IAS w.e.f.27.09.2019.
		APIDC nominated Dr. Rajat Bhargava, Chairmanand Managing Director, APIDC as its NomineeDirector in place of Sri Solmon Arokia Raj IAS.
		The Board appointed Dr. Rajat Bhargava, IAS asNominee Director w.e.f. 19.10.2019 in place of SriSolomon Arokia Raj, IAS.
$\overline{2}$	Date of appointment andterms of appointment	19.10.2019
3	Brief profile in caseofappointment	Dr. Rajat Bhargava, IAS is an Indian AdministrativeService Officer. He is the Chairman and ManagingDirector of Andhra Pradesh Industrial DevelopmentCorporation, Hyderabad.
$\overline{4}$	Disclosure of relationshipsbetween Directors (in caseof appointment of a Director)	Nil

For AVANTI FEEDS LIMITED

E. Rame: Changle LO

Corporate Office: G-2, Concorde Apartments, 6-3-658.Somajiguda, Hyderabad-500082, Telangana State, India. $\sqrt{+21}$ (40) 23310260 /61 $\frac{18}{23}$ +91 (40) 23311604 www.avantifeeds.com

avantiho@avantifeeds.com

Registered Office: Flat No.103, Ground Floor, R Square, Pandurangapuram, Visakhapatnam - 530003, Andhra Pradesh, India. CIN: L16001AP1993PLC095778

Aiding Sustainability & Reliability to Aquaculture

2-Details in regard to Write-off of (i) equity investment in 10,00,000 equity shares of Rs. 10/- each aggregating to Rs. 1.00 Crore and (ii) irrecoverable loan of Rs. 90.10 lakh in SVIMSAN Exports & Imports Private Limited

SI No.	Particulars	Details
Name of the Subsidiary Company1		SVIMSAN Exports & Imports Pvt.
		Ltd - wholly owned subsidiary -
		(Non-functional and non-material
		subsidiary)
$\overline{2}$	The amount and percentage of the turnover	SVIMSAN Exports and Imports
	or revenue or income and net worth	Private Limited - Income and Net
	contributed by such unit or division of the	worth during Financial Year 2018-
	listed entity during the last financial year	19
		DetailsAmount (in Rs.
		Lakhs)
		Income$(-)0.44$
		Net worth$(-)92.13$
$\overline{3}$	Date of which the agreement for sale has	Not applicable
	been entered into
4	The expected date of completion ofSale/disposal	Not Applicable
$\overline{5}$	Consideration received from such	Not applicable
	sale/division
6	Brief details of the buyers and whether any	Not applicable
	of the buyers belong to the
	promoter/promoter group/group companies
7	Whether the transaction would fall with in	Not applicable
	related party transaction?
	If Yes, whether the same is done at "arm"s
	length"
8	Additionally, in case of a slump sale,	Not applicable
	indicative disclosures provided for
	amalgamation/merger shall be disclosed by
	the listed entity with respect to such slump
	sale
$\overline{9}$	Remarks	Approval of Write-off of (i) equity
		investment in 10,00,000 equity
		shares of Rs. 10/- each
		aggregating to Rs. 1.00 Crore and
		(ii) irrecoverable loan of Rs. 90.10
		lakh.

and the company

For AVANTI FEEDS LIMITED

ri W $\mathfrak{t}\mathfrak{c}\mathfrak{c}$ JI. MANAGING DIRECTOR

Corporate Office: G-2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad-500082, Telangana State, India. $\frac{1}{2}$ +91 (40) 23310260 /61 $\frac{18}{23}$ +91 (40) 23311604

the www.avantifeeds.com

avantihofdavantifeeds.com

Registered Office: Flat No.103, Ground Floor, R Square, Pandurangapuram, Visakhapatnam - 530003. Andhra Pradesh, India. CIN: L16001AP1993PLC095778