The Andhra Sugars Ltd. — AGM Information 2020

Sep 26, 2020

THE ANDHRA SUGARS LIMITED

Venkaterayapuram : Tanuku - 534 215, andhr. Pradesh, lndia.

Sec/2020 September 26, 2020

National Stock Exchange of lndia Ltd. Exchange Plaza, sth Floor, Plot No.C/1 G. Block, Bandra Kurla Complex Bandra (E) MUMBAT - 400 051.

Dear Sirs,

Sub: Proceedings of the 73'd Annual General Meeting of the Company held on 26th September, 2020- rcl. Ref: Scrip Coder ANDHRSUGAR

Please find enclosed herewith, pursuant to Regulalion 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Regulations"), summarized proceedings of the 73'd Annual General Meeting of the Company held on 26th September,2020 at 3.00 p.m for your kind perusal and record.

Voting results of the AGM pursuant to Regulation 44(3) of the Regulations will be filed separately.

Thanking you,

Yours fa FoT THE ANDH UGARS LTD.,

(P DRAN OWDARY) alrman naing Director

Encl: as above

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Phone : +91-8819-22491 1 io 9'17, Mobile:+91 -81 86828888. 8186838888 Fax: +91'881S-224164 E-mail : inlo.tnk@theandhrasugars.com, asltnk@vsnl.com Website : wwv/.lheandhrasugars.com, CIN : L1 5420AP1 947PLC000326

THE ANDHRA SUGARS LIMITED

Venlotarayapuram : Trnuku - 5:14 215, Andhra Pl.a<l€3h, lndia.

RY EED F73RD L GEN NG co

The 73'd Annual General Meeting (AGM) of the Members of The Andhra Sugars Limited ('the Company") was held on Saturday, 26th day of September, 2020 at 3.OO P.M. at the Registered Offlce of the Company, Venkatarayapuram' Tanuku - 534 215.

Sri P. Narendranath Chowdary, chairman and Managing Director of the Company chaired the meeting (except for the llem No.7 as set out in Notice to Shareholders) and welcomed the Directors on to the dias and Members present'

The requisite quorum being present, the Chairman called the meeting to order' The Chairman delivered his speech covering of the Company's performance during the yeat 2}lg-20 and other developments of the company He informed the Members that the Company has provided e-voting facility and those who were present at the AGM and who have not casted their vote electronically were provided an opportunity to cast their votes in the meeting. Sri Nekkanti Satyanarayana' of Nekkanti S.R.V.V.S. Narayana & Co.' Practicino Company Secretaries, Hyderabad' scrutinizer, conducted Poll proceedings lt was further informed that there would be no voting by show of hands. General Manager (Finance) & Addl Secretary' read the Notice convening the 73d Annual General Meeting

The fotlowing items of Ordinary and Special Business, as per the Notice of AGM dated June 27th and August 13rh , 2O2o were transacted at the meeting'

ORDINARY BUSINESS

• '1. Considered and adopted the audited Statement of Profit & Loss for the year ended 31"t March, 2O2O and the Balance Sheet as at that date together with the Reports of Board of Directors and Auditors thereon'
• 1. Declared lnterim Dividend paid of Rs.2Ol per Equity Share of Rs 1o/-each as Final Dividend for the Financial Year 2019-20.
• 1. Appoinled Sri Mullapudi Thimmaraja (D|N00016711) retiring by rotaion'
• 1. Appointed Sri P.S.R.V.K. Ranga Rao (D1N00015795) retiring by rotation'

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Phone : +91-8819-22491 1 to 917, Mobiler+g1-8'186828888. 818683888a Fax +91 -8819-224168 E-mail : info.tnk@theandhrasugars.com, asllnk@vsnl.com Website : wwwtheandhrasugars.com, CIN : L1S20AP1947PLC000326

• 1. Fixed the remuneration of Statutory Auditors Mis K S Rao & Co, Chartered Accountants, Hyderabad at Rs.17,00,000/- for the Financial Year 2020-21' SPECIAL BUSINESS
• 1. Ratified the remuneration of Rs 6,00,000/- to Cost Auditors M/s Narasimha Murthy & Co., Hyderabad for the Financial Yeat 2020-21
• 1. Appointed Sri P. Narendranath Chowdary, as Managing Director for a period of 5 years with effect from 12 01.2021, not liable to retire by rotation' (Special Resolution)
• 1. Alteration of Articles of Association with regard to increase in Sitting Fees (Special Resolution)

Clarifications were provided to the queries raised by the Members' Member of Audit Committee and Chairman of Nomination and Remuneration Committee Sri V.S. Raju and Member of Stakeholders Relationship Committee Sri P' Narendranath Chowdary were present.

AlltheresolutionssetoutintheNoticecallingtheAnnualGeneralMeetingwith regard to above business were passed with the requisite majority and are deemed to be passed on the date of the Annual General Meeting i e September 26 2020'

Voting results and other details in prescribed format as per SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 is being filed separately as per online filing requirement.

The Meeting concluded with vote of thanks to the Chairman by Sri K'Veerayya at 3:30 P.M

Yours lly FoT THE ANDH S S LTD-, EN CHOWDARY) Chairman & Manaing Direclor (P