Savera Industries Ltd. — AGM Information 2021

Sep 25, 2021

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SAVE RP
OUR BUSINESS IS l'OU
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Date: 25th September, 2021

The Bombay Stock Exchange Ltd., Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

Dear Sirs,

Pursuant to clause 30 of the SEBI (LODR) Regulations 2015, we are enclosing a copy of the minutes of the 52"d Annual General meeting of the company held on 241:h September, 2021 for the financial year 2020-21 through Video Conferencin (VC) / Other Audio Visual Means (OAVM).

Please take on record the above document.

Thanking you,

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Yours faithfully,
For Savera Ind tries Limited
NS Mo�
Company Secretary
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Savera Industries Ltd.,

146, Dr. Radhakrishnan Road, Chennai - 600 004. CIN: l 101TN1969PlC005768 MSME : UOYAM-TN-02-0029972 Tel.: 91-44-28114700.

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OUR BUSI .. ESS I'> YOU

MINUTES OF THE S2ND ANNUAL GENREAL MEETING {AGM} OF M/S.SAVERA INDUSTRIES LIMITED HELD ON FRIDAY, THE 24TH SEPTEMBER, 2021 AT 2.45 P.M. THROUGH VIDEO CONFERENCING {VC} I OTHER AUDIO VISUAL MEANS (OAVM) AND THE MATTERS RELATING TO THE E-VOTING PROCESS SUBSEQUENT TO THE MEETING.

Time of commencement of s2nd AGM : 2.45 P.M. Time of conclusion of s2ni:1 AGM : 3.29 P.M.

PRESENT:

1. Sri A Ravikumar Reddy, Managing Director - Non- Independent Director in the meeting at the Registered Office of the Company

2. Smt A Nina Reddy Joint Managing Director · NonIndependent Director in the meeting at the Registered Office of the Company

3. Sri.A.Sudhakar Reddy, Independent Director in the meeting at the Registered Office of the Company

4. Sri S. Sridhara Rao, Independent Director & Audit Committee Chairman, Nomination & Remuneration Committee Chairman. in the meeting at the Registered Office of the Company

5. Mr. A.Tarun Reddy, Non- Independent Director & Stakeholders Relationship Committee Chairman in the meeting at the Registered Office of the Company

6. Ms. A.Nivruti Reddy, Non -Independent Director in the meeting at the Registered Office of the Company

IN ATTENDANCE:

Sri.N.S.Mohan Company Secretary in the meeting at the Registered e of the Company Offic

MEMBERS PRESENT IN THE MEETING:

Through Member Log in 29 Sitting at the Stage 05 Attended through Link 05 39

After the welcome address by Mr.N.S.Mohan, Company Secretary at 2.45 p.m., he informed the permanent Chairman Mr.A.Sudhakar Reddy, to take the chair. Mr.A.Sudhakar Reddy took the Chair. He further informed the members about his illness and was not able to act as the Chairman of the meeting a_nd requested tQ.at one among the Directors should be elected as the Chairman. Thereupoh Mr.S.Sridhara Rao, Director of the Company proposed the name of Mr.A.Ravikumar Reddy, as the Chairman of the meeting. Mrs. A. Nina Reddy,Joint Managing Director of the company seconded the proposal and the following resolution was passed. Savera Industries Ltd., 146, Dr. Radhakrishnan Road, Chennai - 600 004. CJN; L 101TN1969PLC005768 MSME : UOYAM-TN-02-0029972 Tel.: 9144--28114700.

OURBIJS1NE$$ IS YO!

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"RESOLVED that Mr. A Ravikumar Reddy, the Managing Director and a member of the company be elected as the Chairman for the 52"d Annual General Meeting of the Company to conduct the proceedings of the meeting."

Accordingly, Mr.A.Ravikumar Reddy occupied the Chair, as the Chairman of the rneettnqdeclared that the requisite quorum was present and called the meeting to order.

The Company Secretary informed the members that the Register of Directors and Key Managerial Personnel and their shareholding and Register of Contracts or Arrangements in which the directors are interested were kept open for inspection through online under the provisions of the Companies Act, 2013

The Company Secretary introduced the Directors of the Board who were present at the meeting and online to the members.

The Company Secretary also informed the members that the Chairman of the Audit Committee and the Chairman of the Nomination & Remuneration Committee Mr.S.Sridhara Rao, and the Chairman of the Stakeholders Relationship Committee Mr.A.Tarun Reddy were present.

The Company Secretary also informed the members that Mr. S.Sundarraman, Chartered Accountant, Partner, M/s. S. Venkatram & Co. LLP, the Statutory Auditors of the company and M/s. A.K.Jain & Associates, Company Secretaries, Secretarial Auditor, represented by Mr.Pankaj Mehta were present at the meeting.

With the consent of the members present, the Notice convening the s2nd Annual General Meeting, Directors' Report and unqualified Statutory (Independent) Auditor's report and its annexures 'A' & 'B' on the financial statements of the company for the year ended 31st March 2021 were taken as read. Then, the Chairman subsequently delivered his speech and shared with the members about the performance of the company during the year 2020-21.

After concluding his speech, as per the request by the Chairman, the Company Secretary informed that in compliance with Section 108 of the Companies Act, 2013 and SEBI (LODR) Regulations 2015, the Company had provided remote e­ Voting facility through Central Depositories Services (India) Limited (CDSL) to enable the members to participate electronically on all the three subjects of the s2ndAnnual General Meeting and as scheduled the remote e-Voting period commenced on the 20th September, 2021 (9.00 a.m.) and ended on 23rd , September, 2021 (5.00 p.m.). The Company Secretary further informed that M/s. A.K. Jain & Associates, Company Secretaries, were appointed as Scrutinizer by the Board for scrutinizing the remote e-Voting as well as E-voting arranged at the time of AGM in a fair and transparent manner. The Scrutinizer would submit their report within the

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Savera Industries Ltd., 146, Dr. Radhakrishnan Road, Chennai - 600 004. CIN: l. JOITN1969PLC005768 MSME: UDYAM-TN-02-0029972 Tel.: 91·44-28114700.

OU!I IIU'>J'.IE% I> V01)

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stipulated time, on the result of remote e-Voting and voting at the time of s2no AGM on all the resolutions.

The Chairman invited views I suggestions / queries from the shareholders for the financial statements for year ended 31.03.2021 and provided answers and clarifications to the shareholders.

Then the Chairman ordered the e-voting procedures through online and he advised the Company Secretary to brief about Voting at the Venue of the 52"' AGM.

The Company Secretary informed the members that

• • Only those shareholders, who are present in the s2no AGM through VC/OAVM facility and have not casted their vote on the Resolutions through remote e-Voting are eligible to vote through e-Voting system available during the s2no AGM.

• • The e-voting process will be conducted in a fair and transparent manner by the Scrutinizer.

• » Requested the members to cast their vote and the results of this remote E­ Voting and voting at the time of s2no AGM, will be announced within two working days in the website of the company & CDSL website and intimated to the stock exchanges where the company's shares are listed.

The Chairman having completed all the agenda of the meeting thanked the members present through video conferencing for having attended the meeting. He also requested the members to take all necessary precautions to be safe in this pandemic period. He further announced that the s2no Annual General Meeting came to an end on completion of this e-voting.

Chennai 25.09.2021

ru�--\ A.Ravikumar Reddy, Managing Director (Chairman of sz= Annual General Meeting)

Savera Industries Ltd.,

146, Dr. Radhakrishnan Road, Chennai - 600 004. CIN: l 101TNJ�li�FLC00�7�6 MSME: UDYAM-TN-02-0029972 Tel.: 91-44-28114700.

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Savera Industries Ltd.,

146, Dr. Radhakrishnan Road, Chennai - 600 004. CIN: l 101TNJ�o�rLC00>7oS MSME: UDYAM·TN-02-0029972 Tel.: 91-44-28114700.

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SAVE RP
OUR BlNl,ES�I� YOU
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Savera Industries Ltd.,

146, Or. Radhakrishnan Road, Chennai - 600 004. CIN: l JOITNl�o�PLC00)768 MSME: UOYAM-TN-02-0029972 Tel.: 91-44-28114700.

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Savera Industries Ltd., 146, Dr. Radhakrishnan Road, Chennai • 600 004. CIN: l. 1DlTNl�o9PLcoos,Gs MSME: UDYAM-TN-02-0029972 Tel.: 91-44-28114700.