Savera Industries Ltd. — AGM Information 2022

Sep 13, 2022

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SAVER?=fl
OIJR BLISINESS IS YQlJ
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13/09/2022

The Manager - Listing Department

BSE Ltd. II Floor, New Trading Ring Rountana Building P J Towers, Dalal Street, Mumbai : 400001

Ref: Scrip Code No. 512634- Savera Industries Limited.

Dear Sir /Madam,

Sub': Outcome of AGM and Summary of Proceedings of the 53rd Annual General Meeting ("AGM")held on 12[1h ] September 2022

In terms of the General Circular No. 20/2020 dated May 5, 2020 read with General Circular No. 14/2020 dated April 8, 2020, General Circular No. 17/2020 dated April 13, 2020, General Circular No. 33/2020 dated September 28, 2020, General Circular No 39/2020 dated December 31, 2020 and General Circular No. 02/2021 dated January 13, 2021, General Circular No.21/2021 dated December 14, 2021 and General Circular No.2/2022 dated May 5, 2022 (collectively referred to as 'MCA Circulars) issued by the Ministry of Corporate Affairs ("MCA") and in compliance with the with the provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations"), the S3rd AGM of the Company was held on Monday, Septemberl 2, 2022 at 02.45p.m. (IST) through Video Conferencing (VC) / other audio visual means to transact the business as stated in the Notice dated AugustOS, 2022, convening the AGM.

In this regard, please find enclosed the summary of the proceedings of the AGM of the Company as required under Regulation 30 read with Para A, of Part A of Schedule - Ill of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Kindly take on record the above.

Thanking You

Yours Faithfully For Savera Industries Limited

RAVI Digitally signed by RAVI SIDDHARTH DN: c=IN, o=Personal, pseudonym=1fd1f2c93b0f19ab8ed80e3e87f130183b2099ae52ee38b8f7cdb1c85190b978, postalCode=600049, st=TAMIL NADU, serialNumber=5e794c13a3fe9a0db78c2b15d6 SIDDHARTH 854ea50e65595fadfce75bcf5553399df002c0, cn=RAVI SIDDHARTH Date: 2022.09.13 13:12:22 +05'30'

R.Siddharth Company Secretary

Savera Industries Ltd., 146, Dr. Radhakrishnan Road, Chennai - 600 004. CIN , l 101TN!969PLC005768 MSME: UDYAM-TN-02-0029972 Tel.: 91-44-28114700.

SAVER1-jJ OUR 8USINESS IS 'IOtJ

Summary of proceedings of the s3rdAnnyal General Meetine

The 53rdAnnual General Meeting ('AGM' or 'Meeting') of the Members ofSavera !ndustnes Li uted ('the Company') was held on Monday,September 12, 2022 at 02.45p.m. (IST) through Video Conferencing ('VC). The Company, while conducting the Meeting, adhered to the circulars issued by the Ministry of Corporate Affairs ('MCA), the Securities and Exchange Board of India ('SEBI') with regard to holding AGM through VC/OAVM. The Company Secretary welcomed the Members to the Meeting and briefed them on certain points relating to the participation at the Meeting through VC. The permanent Chairman Mr.A.Sudhakar Reddy, informed about his bad health and was not able to act as the Chairman of the meeting and requested that one among the Directors should be elected as the Chairman. Thereupon Mrs.A Nivruti, Director of the Company proposed the name of Mr.Akavrkumar Reddy, as the Chairman of the meeting. Mr. A. Tarun Reddy, Director of the company seconded the proposal. Mr. Ravikumar Reddy chaired the Meeting. The requisite quorum being present, the Chairman called the Meeting to order.

The Registers as required under the Companies Act, 2013 were made available for inspection. Since there was no physical attendance of Members and in compliance with the Circulars issued by MCA and SEBI, the requirement of appointing proxies was not applicable, except for the authorized representatives of corporate shareholders.

Directors attended the Meeting on video conference including Mrs. Nina Reddy (Joint Managing Director), and Mr. Chaltanya Kumar (Non Executive Director).

Mr. CH. Mahesh Kumar, Chief Financial Officer also attended the Meeting from Registered Office.

The Statutory Auditors,. M/ s. S.Venkatram& Co., LLP, and Secretarial Auditors, M/ s. AK Jain &Associates, Practicing Company Secretaries, Scrutinizers, were also present at the Registered Office and through Video conferencing respectively.

With the consent of the Members, the Notice of the Meeting was taken as read. The Chairman made his. opening remarks covering the developments in the Company on account pest COVID-19 pandemic, Company's performance and future plans.

The Company Secretary of the Company informed the Members that the Company had provided its Members the facility to cast their vote electronically through the Central Depository Services (India) Limited ('CDSL') system before the Meeting. He further informed that the remote e-voting facility was also made available during the AGM for the benefit of Members who were present during the Meeting and had not cast their votes earlier through remote e-voting

The Company Secretary informed that M/ s. AK Jain &Associates, Practicing Company Secretaries were the Scrutinizer appointed by the Board to scrutinize the votes cast during the Meeting and through remote e-Voting.

Savera Industries Ltd., 146, Dr. Radhakrishnan Road, Chennai • 600 004. CIN: l 101TN1969PLC005768 MSME: UDYAM·TN-02-0J29972 TPI · q1.4 JR11 ,nnn

OUR BUSINESS IS YOU

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Th� following resolutions set out in the Notice convening the AGM were put to vote by remote e­ votmg and e-vcting during the Meeting:

I	ten No.	Type of Resoluto,	Subject Mater	Mode ofVoting
	1	Ordinar	AdoptionofStandaloneAudited Financial Statements fortheyear ended
			March, 31 2022 together with the reports of the Directorsand Auditors
			thereon.
	2	Ordinary	Re-appointment of Mr.A. TarunReddy(DIN 01521977)asaDirectorof the Company.
	3	Ordinary	Re-appointment ofStatutory Auditors M/s. S.Venkatramand Co., LLP,
			CharteredAccountant,{Firm Regn.No.004656S/S200095} andfxatonof
			their remuneration.
	4	Special	Appointment of Mr.S.Sundarraman(DIN06412800} as anIndependent	Remote e-
			Director.	voting&e-
	5	Special	AppointmentofDr.C.P.tanivelu(DIN09675732)asanIndependent	votingduring
			Director.	AGM.
	6	Ordinar	Appointment ofMr. A. ChaitanyaKumar,(DIN09683865)as Non-Executive
			Director
	7	Special	Changeindesignation andfxation ofRemuneration toMr.A.Tarun Reddy,
			Non-Executive Director toExecutiveDirector
	8	Special	Changein designation andfxationofRemunerationto Mrs.ANivruti,Non-
			ExecutiveDirector toExecutive Director.
	9	Special	Fixation ofRemunerationtoMr. A. Ravikumar Reddy,ManagingDirector.
	JO	Special	Fixation of RemunerationtoMrs.A. NinaReddy,Joint ManagingDictor
	11	Special	Borrowingthe money.
	12	Special	Disinvestment/Sale/Creationofsecurit
	13	Special	Modifcation of Main Object Clauseof the Memorandum of Associationof theI
			Company
	14	Special	Contribution towards Donalionsto bona fdeCharitablefundsandother
			funds

The Chairman then invited the Members to express their views, ask questions and seek clarifications on the performance of the Company and on .the resolutions set out in the Notice.

The Members were given an opportunity to speak in the order in which they had registered their names. After giving sufficient time to al\Members who wished to speak, the Chairman appropriately responded to the queries raised by them.

The Chairman authorized the Company Secretary to carry out the voting process and conclude the Meeting. He also authorized the Company Secretary to accept and countersign the Scrutinizer's Report and declare the consolidated voting results. Company Secretaryinformed the Members that the combined results of the remote e-voting before as well as remote e-voting during the AGM would be announced within two working days of the conclusion of the Meeting and the results along with the Scrutinizer's Report would be intimated to the Stock Exchanges and would be placed on the websites of the Company and Central Depository Services (India) Limited ('CDSL').

Savera Industries Ltd., 146, Dr. Radhakrishnan Road, Chennai - 600 004. CIN: LS5101TN1969PLC005768 MSME: UDYAM·TN-02-0029972 TPI · Q1.4 7R11 .nm

SAVER'1 j} OUR BUSINESS IS YOU

The Chairman then thanked the Members for their continued support and for attending and participating in the Meeting. He also thanked the Directors for joining the Meeting virtually.

The e-voting facility was kept open for the next 15 minutes to enable the Members to cast their vote. Upon completion of the e-voting process the Company Secretary declared the Meeting concluded.

Thanking You

Yours Faithfully For Savera Industries Limited

Digitally signed by RAVI SIDDHARTH DN: c=IN, o=Personal, RAVI pseudonym=1fd1f2c93b0f19ab8ed80e3e87f130183b2099ae52ee38b8f7cdb1c85190b978, postalCode=600049, st=TAMIL NADU, serialNumber=5e794c13a3fe9a0db78c2b15d SIDDHARTH 6854ea50e65595fadfce75bcf5553399df002c0, cn=RAVI SIDDHARTH Date: 2022.09.13 13:12:45 +05'30'

R.Siddharth Company Secretary

Savera Industries Ltd.,

146, Or. Radhakrishnan Road, Chennai - 600 004. CIN: L 101TN1969PLC005768 MSME: UDYAM-TN-02-0029972 TeL 91-44-2811 4700.