The Andhra Sugars Ltd. — AGM Information 2021

Sep 24, 2021

Venkatarayapuram : Tanuku - 534 2lS, Andhra pradesh, lndia.

SUMMARY PROCEEDINGS OF 74IH ANNUAL GENERAL MEET ING OF THE COMPA

The 74th Annual General Meeting (AGM) of the Members of The Andhra Sugars Limited ("the Company") was held on Thursday, 23'd day of September, 2021 at 3.00 P.M. at the Registered Office of the Company, Venkatarayapuram, Tanuku -534215.

Sri P. Narendranath Chowdary, Chairman and Managing Director of the Company chaired the meeting 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 year 2020-21 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., Practicing 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 74th Annual General Meeting.

The following items of Ordinary and Special Business, as per the Notice of AGM dated June 30th and addendum to Notice dated 11th August, 2021 were transacted at the meeting.

ORDINARY BUSINESS

• 1. Considered and adopted the'audited Statement of Profit & Loss and Cash Flow Statement for the year ended 31"t March,2021 and the Balance Sheet as at that date together with the Reports of Board of Directors and Auditors thereon.
• 1. Declared a Dividend of Rs.10/- per Equity Share of Rs.1O/-each i.e., 100% for the Financial Year 2O2O-21.
• 1. Appointed Sri Mullapudi Narendranath (D1N00016764) as Director retiring by rotation.
• 1. Appointed Sri P. Achuta Ramayya (D1N00015065) as Director retiring by rotation. tonU4237g

Phone : +91-88.19-22491 1 10917, Mobile:+91 -81 86828888, 8186838888 Fax: +91 -881 9-2241 68 E-mail : info.tnk@theandhrasugars.com, asltnk@vsnl.com Website : www.theandhrasugars.com, CIN : L1 5420AP1 947P1C000326

THE ANDHRA SUGARS LIMITED

• -'.2'.-
• 1. Fixed the remuneration of Statutory Auditors M/s. K. S. Rao & Co., Chartered Accountants, Hyderabad at Rs.17,00,0001 (Rs. Seventeen lakhs only) for the Financial Y ear 2021 -22.

SPECIAL BUSINESS

? 4 SEP 2021

• 1. Ratified the remuneration of .Rs.6,00,000/- (Rs.Six lakhs only) to Cost Auditors M/s. Narasimha Murthy & Co., Hyderabad for the Financial Year 2021-22.
• 1. Appointed Sri P. Venkateswara Rao as an lndependent Director for a period of 5 years with effect trom 26.04.2021 (Special Resolution).
• 1. Split of Face value of one Equity Share of Rs.10/- into Five Equity Shares of Rs.2/ each i.e., face value of Rs.2/- (Special Resolution).
• 1. Alteration of Clause V of Memorandum of Association with regard to face value of Equity Shares (Special Resolution).
• l0.Alteration of Article 4(a) of Articles of Association with regard to face value of Equity Shares.

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, Member of Audit Committee Sri P. Achuta Ramayya, and Member of Stakeholders Relationship Committee Sri P. Narendranath Chowdary were present.

Number of Shareholders attended is 64 and Number of Proxies attended is 9

All the resolutions set out in the Notice calling the Annual General Meeting with 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 23, 2021.

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

The Meeting concluded with vote of thanks to the Chairman by Sri K.V.S.D Sasikanth at 4:00 P.M.

Yours fa FoT THE ANDH SUGARS LTD.,

(P D H CHOWDARY) Chairman & Managing Director