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Anjani Foods Ltd.

BSE: 511153 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: INE096I01013
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NSE 05:30 | 01 Jan Anjani Foods Ltd
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VOLUME 1535
52-Week high 409.10
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P/E 24.31
Mkt Cap.(Rs cr) 55
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OPEN 98.75
CLOSE 98.75
VOLUME 1535
52-Week high 409.10
52-Week low 85.50
P/E 24.31
Mkt Cap.(Rs cr) 55
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Anjani Foods Ltd. (ANJANIFOODS) - Director Report

Company director report

Dear Shareholders

Your Directors hereby presents the 37th Annual Report of your Company together with theAudited Statement of Accounts and the Auditors' Report of your company for the financialyear ended 31st March 2021. The summarized financial results for the year ended 31stMarch 2021 are as under:

Financial Results

Particulars 31st Mar 2021 31st Mar 2020
Total income 3128.38 2779.71
Operating profit before interest 413.50 151.21
depreciation and tax
Interest and financial charges 37.27 37.05
Depreciation 75.92 65.21
Profit before taxation 300.31 48.95
Provisions for taxation -0.55 0.59
Profit / (Loss) after taxation 300.86 48.36
Transfer to General Reserves - -
Provision for dividend - -
Provision for dividend tax - -
Other Comprehensive Income 5.55 18.49
Balance carried to Balance Sheet 306.40 66.85

Review of Operations

During the period the total income of the Company increased to Rs. 3128.38 lakhs ascompared to Rs. 2779.71 lakhs of the previous year. The net profit before tax for theperiod is Rs. 300.31 lakhs as compared to net profit of Rs. 48.95 lakhs of the previousyear. The net earnings after tax and comprehensive income has increased to 306.40 lakhs ascompared to a net profit of Rs. 66.85 lakhs in the previous year.

Covid-19 had a catastrophic impact on people and economy globally. We at Anjani FoodsLimited focussed on the following during this crisis:

i. Safety of employees and other stakeholders and ii. Ensuring availability of ourproducts which are daily essentials in the place of its operations.

Your Directors wish to place on record their appreciation to the company's employeessuppliers customers and government authorities for their selfless efforts which helpedyour company reach normalcy in the operations within few weeks of lockdown. The ownershipand responsiveness shown by all the stakeholders is unparallel and is a testimony of thespirit of this great organization.

Your Company shall review the long term impact of the pandemic and take all stepsnecessary to adapt itself to emerging changes and the new normal.

Directors' Responsibility Statement

The Board of Directors confirm that in the preparation of Profit & Loss Account forthe year end and Balance Sheet as at that date ("Financial Statements") that:

(a) in the preparation of the annual accounts the applicable accounting standards hadbeen followed along with proper explanation relating to material departures;

(b) the directors had selected such accounting policies and applied them consistentlyand made judgments and estimates that are reasonable and prudent so as to give a true andfair view of the state of affairs of the company at the end of the financial year and ofthe profit and loss of the company for that period;

(c) the directors had taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of this Act for safeguarding theassets of the company and for preventing and detecting fraud and other irregularities;

(d) the directors had prepared the annual accounts on a going concern basis; and

(e) The directors in the case of a listed company had laid down internal financialcontrols to be followed by the company and that such internal financial controls areadequate and were operating effectively.

(f) The directors had devised proper systems to ensure compliance with the provisionsof all applicable laws and that such systems were adequate and operating effectively.

Disclosures Under Section 134 of The Companies Act 2013

1 State of affairs of the company

The Company operates in the business of Food and Beverages sector. During the year theCompany's Income has increased which is reflected in the financial results of the Company.The company operates through two supply channel of distribution. The first segment being "Retail'where bakery outlets are operational in various parts of the city in Visakhapatnam andStudent's Caf outlets in Bhimavaram & Hyderabad. The second segment of our supplychain is "Distribution & Modern Trade' where the products are sourced to 5 ruraldistricts of Andhra Pradesh namely Visakhapatnam Kakinada Bhimavaram East Godavari& West Godavari. The company aims at diversifying and penetrating new markets in otherstates with better quality products in the coming years.

2 Amounts if any they proposed to carry to any reserves

The Board of Directors does not appropriate any amount to be transferred to GeneralReserves during the year under review.

3 Dividend

The Directors have recommended 8% (i.e. Rs. 0.80/- per share) dividend for the year.

4 Share Capital:

The authorized share capital of the Company consists of 8000000 shares of face valueof Rs. 10 each amounting to Rs. 80000000.

The paid-up share capital of the Company is Rs. 55897800 divided into 5589780equity shares of Face Value Rs. 10 each.

During the year under review the Company has not issued any shares with differentialvoting rights nor granted stock options nor sweat equity.

5 Deposits

Your company has not accepted any public deposits as such; no amount on account ofprincipal or interest on public deposits was outstanding as on the date of the BalanceSheet.

6 Number of meetings of the Board

Secretarial Standards as applicable have been complied with. Five (5) meetings of theBoard were held during the year as per the details given below:

S. Date of No. meeting Total No. of Directors on the Date of Meeting No. of Directors attended % of Attendance
1. 30.07.2020 8 8 100
2. 31.08.2020 8 6 75
3. 13.11.2020 8 6 75
4 30.01.2021 8 5 75
5. 12.02.2021 8 7 88

Directors Attendance:

Name of the Director Total No. of Meetings No. of Meetings attended % of Attendance
Mr. K.V. Vishnu Raju 5 5 100
Mrs. K. Anuradha Raju 5 5 100
Mr. K. Aditya Vissam 5 2 40
Mr. R. Ravichandran 5 5 100
Mr. P.S. Ranganath 5 5 100
Mr. P.S. Raju 5 4 80
Mr. K. Hari Babu 5 3 60
Mr. S.V.S.Shetty 5 3 60

On account of Covid-19 pandemic and consequent lockdown and relaxation provided by theMinistry of Corporate Affairs (MCA) vide General Circular No.11/2020 dated 24 March 2020the gap between the board meeting held 11.02.2020 and 30.07.2020 was within 180 days.Further the maximum gap between two consecutive board meetings held after 30.07.2020 waswithin the period of 120 days as prescribed under the provisions of Companies Act 2013

7 Board Evaluation

The Company has devised a Policy for performance evaluation of Independent DirectorsBoard Committees and other individual Directors pursuant to the provisions of theCompanies Act 2013 and SEBI (Listing Obligations and Disclosure requirements)Regulations 2015.

The performance of the Board was evaluated by the Board after seeking inputs from allthe directors on the basis of the criteria such as the Board composition and structureeffectiveness of board processes information and functioning etc.

In a separate meeting of Independent Directors performance of Non- Independentdirectors performance of the Board as a whole and performance of the Chairman wasevaluated taking into accounts the views of Executive Directors and Non-ExecutiveDirectors. The same was discussed in the board meeting that followed the meeting of theIndependent Directors at which the performance of Board its committee and individualdirectors was also discussed.

8 Policy on Directors' appointment and remuneration and others details:

The Company's policy on Directors appointment and remuneration and other mattersprovided in section 178 of the Companies Act are as under:

NOMINATION AND REMUNERATRION POLICY OF ANJANI FOODS LIMITED

INTRODUCTION

The Remuneration Policy of Anjani Foods Limited (the "Company") is alignedwith the compensation philosophy of its competitors which is to pay competitively andreward performance. To achieve this philosophy total compensation is based on employee'srole market value of job and employees' contributions.

This Policy is designed to attract motivate and retain talent by creating a congenialwork environment encouraging initiatives personal growth and team work and inculcatinga sense of belonging and involvement besides offering appropriate remuneration packagesand retirement benefits.

The policy reflects the Company's objectives for good corporate governance as well assustained long-term value creation for shareholders.

This Remuneration Policy applies to Directors and senior management including its KeyManagerial Personnel (KMP) of the Company.

1. Definitions

Act means the Companies Act 2013 and Rules framed there under as amended fromtime to time.

"Board" means Board of Directors of the Company.

"Committee" means Nomination and Remuneration Committee constituted bythe Board

"Directors" mean Directors of the Company.

"Key Managerial Personnel" means

Chief Executive Officer or the Managing Director or Manager Whole-time director; ChiefFinancial Officer; Company Secretary; and Such other officer as may be prescribed by theCompanies Act 2013.

"Executive Directors" mean Managing Director/ Jt. Managing Director andWhole Time Director if any. "Senior Management" means personnel of thecompany who are members of senior leadership typically vice presidents or equivalent andhigher position levels.

2. Guiding Priniciple

The guiding principle is that the remuneration and the other terms of employment shouldeffectively help in attracting and retaining talented employees.

While designing remuneration packages industry`s best practices cost of living andpotential of employees are also taken into consideration.

3. Policy relating to the remuneration for the Whole-time Director KMP andSenior Management Personnel

3.1. General:

a) The remuneration package of KMP will be determined by the Committee and recommendedto Board for approval. In addition the approval of the shareholders of the Company andCentral Government wherever required will be obtained for the remuneration package ofExecutive Directors. The remuneration package of other senior management personnel will berecommended by Chairman & Managing Director and submitted to Committee for approval.

b) The remuneration package of Executive Directors shall be in accordance with thepercentage / slabs / conditions laid down in the Act.

c) Increments to the existing remuneration package of Executive Directors may berecommended by the Committee to the Board which should be within the slabs approved by theShareholders.

3.2. Where any insurance is taken by the

Company on behalf of its Directors Executive Directors Whole-time Director ChiefExecutive Officer Chief Financial Officer the Company Secretary and any other employeesfor indemnifying them against any liability the premium paid on such insurance shall notbe treated as part of the remuneration payable to such personnel.

4. Remuneration to Executive Directors KMP and Senior Management Personnel

4.1 Pay and Allowances:

The Executive Directors KMP and Senior Management Personnel shall be eligible for amonthly remuneration as may be approved by the Committee or Board on the recommendation ofthe Committee. The remuneration comprises of basic pay and allowances in addition toperquisites such as contribution to Provident Fund Gratuity group life insurance groupmedical insurance etc.

4.2 Minimum Remuneration:

If in any financial year the Company has no profits or its profits are inadequatethe Company shall pay remuneration to its Executive Directors in accordance with theprovisions of Schedule V of the Act and if it is not able to comply with such provisionswith the previous approval of the Central Government.

4.3 Provisions for excess remuneration:

If any Whole-time Director/Managing Director draws or receives directly or indirectlyby way of remuneration any such sums in excess of the limits prescribed under the Act orwithout the sanction of the Central Government where required he / she shall refund suchsums to the Company and until such sum is refunded hold it in trust for the Company. TheCompany shall not waive recovery of such sum refundable to it unless permitted by theCentral Government.

5. Remuneration to Independent Directors

5.1. Remuneration/Commission:

The remuneration/commission shall be fixed as per the slabs and conditions mentioned inthe Act.

a) Sitting Fees:

Independent Director may receive remuneration by way of fees for attending meetings ofBoard or Committee thereof. Provided that the amount of such fees shall not exceed theamount fixed by the Board from time to time.

b) Commission:

Commission may be paid within the monetary limit approved by shareholders subject tothe limit not exceeding 1% of the profits of the Company computed as per the applicableprovisions of the Act.

c) Stock Options:

An Independent Director shall not be entitled to any stock options of the Company.

d) Expenses for attending meetings The expenses incurred by the IndependentDirectors for attending the meetings of Board of Directors and Committees of the Boardshall be reimbursed by the Company or alternatively the Company may provide air ticketslodging facility and conveyance to the Independent Directors.

6. Disclosure of information

Information on the total remuneration of members of the Company's Board of DirectorsWhole time Directors and KMP/senior management personnel may be disclosed in the Company'sannual financial statements/ Annual Report as per statutory requirements.

7. Application of the Remuneration Policy

This Remuneration Policy shall continue to guide all future employment of DirectorsCompany's Senior Management including Key Managerial Personnel.

8. Performance evaluation criteria for Independent Directors:

The Board of Directors evaluates the performance of independent directors on yearlybasis.

a. All pecuniary relationship or transactions of the non-executive directors

The Company has not paid any amount as sitting fees for attending Board meetings ofthe Company during the financial year ended on March 31 2021.

b. Disclosure with respect to remuneration:

No other element of remuneration package is paid to the Non-Executive Directors.

The Company did not issue any stock options during the year.

Two (2) meetings of the committee were held throughout the year. The dates being29.07.2020 and 29.01.2021 which were attended by all committee members.

The composition powers role and terms of reference of the Committee are in accordancewith the requirements mandated under Section 178 of the Companies Act 2013 The Nomination& Remuneration Committee as on 31 March 2021 comprised following three (3)Non-Executive Directors:

S No Name Positions held in the committee Number of Meetings held Number of meetings attended
1 K.Hari Babu Chairman 2 2
2 P.S.Ranganath Member 2 2
3 K.Anuradha Raju Member 2 2

8. Internal Financial Control Systems and their Adequacy:

The details in respect of internal financial control and their adequacy are included inthe Management Discussion & Analysis and which forms a part of this report.

9. Audit Committee:

The composition powers role and terms of reference of the Committee are in accordancewith the requirements mandated under Section 177 of the Companies Act 2013 and as perSEBI (Listing Obligations and Disclosure Requirements) 2015.The Audit Committee as on 31March 2021 comprised following four (4) Non-Executive Directors (1) one ManagingDirector and one (1) Whole-time Director

S No Name Positions held in the committee Number of Meetings held Number of meetings attended
1 P.Ranganath Chairman 5 5
2 K.Hari Babu Member 5 5
3 R.Ravichandran Member 5 5
4 K.Aditya Vissam Member 5 4
5 P.S.Raju Member 5 4
6 S.V.S.Shetty Member 5 4

The role of the Audit Committee flows directly from the Board of Director's overviewfunction which holds the Management accountable to the Board and the Board accountable tothe stakeholders. The term of reference of the Audit Committee broadly includes: -

i) acting as a catalyst in helping the organization achieve its objectives ii) TheAudit Committee's primary role is to review the Company's financial statements internalfinancial reporting process internal financial controls the audit process adequacyreliability and effectiveness of the internal control systems and risk management processvigil mechanism related party transactions monitoring process for compliance with lawsand regulations and the code of conduct. iii) The Audit Committee also reviews Managementletters and the responses thereto by the Management. During the year under review. iv) TheAudit Committee held five (5) Meetings the dates of the meetings being 30 July 2020 31August 2020 13 November 2020 30 January 2021 and 12 February 2021.

Chief Financial Officer Internal Auditors Statutory Auditors and other Executives asconsidered appropriate also attended the Audit Committee Meetings.

Internal Audit and Control: M/s. V.R.K.S.S.Prasad & Associates CharteredAccountants are the Internal Auditors of the Company and their internal audit plan andremuneration are approved by the Audit Committee. The reports and findings of the InternalAuditor and the internal control system are periodically reviewed by the Audit Committee.

All members of Audit Committee are financially literate and have accounting and relatedfinancial management expertise.

All the recommendations made by the Committees of Board including the Audit Committeewere accepted and approved by the Board.

10. Stakeholders Relationship Committee:

The composition powers role and terms of reference of the Committee are in accordancewith the requirements mandated under Section 178 of the Companies Act 2013 TheStakeholders Relationship Committee as on 31 March 2021 comprised following three (3)Directors: 3 (Three) meetings were held throughout the year on 29.06.2019 28.09.201931.12.2019.

S No Name Positions held in the committee Number of Meetings held Number of meetings attended
1 K.V.Vishnu Raju Chairman 3 3
2 R.Ravichandran Member 3 3
3 K.Hari Babu Member 3 2

11. The details about the policy developed and implemented by the company on corporatesocial responsibility initiatives taken during the year:

The Company has not developed and implemented any Corporate Social Responsibilitypolicy and initiatives as the said provisions are not applicable to the Company.

12. A statement on declaration given by independent directors under Sub-Section (6) ofSection 149:

The provisions of Section 149(6) relating to Independent Directors has been compliedwith.

13. Material changes and commitments if any affecting the financial position of theCompany which have occurred between the end of financial year of the Company to which thefinancial statements relate and date of the report.

The Company has Sold Kakinada land owned by the company to M/s. Vishnu Allied ServicesLimited on 31.01.2021. The sale value is Rs. 5.14 crores and the profit arising out ofsuch sale is Rs. 1.86 crores which has been classified under "Other Income" inthe Profit & Loss Account Statement for the FY 20-21.

14. Risk Management:

The Board of the company regularly reviews and had adopted measures to frame implementand monitor the risk management plan for the company. The Board is responsible forreviewing the risk management plan and ensuring its effectiveness. The audit committee hasadditional oversight in the area of financial risks and controls. Major risk indentifiedif any by the business functions are systematically addressed through mitigating actionson a continuing basis.

15. Particulars of Loans Guarantees or Investments Under Section 186 of the CompaniesAct 2013:

The particulars of Investments Loans and Guarantees covered under the provisions ofSection 186 of the Companies Act 2013 read with the rules made thereunder are provided inNote No.5.1 and 8.4 Financial Statements.

16. Particulars of contracts or arrangements made with related parties Under Section188 of the Companies Act 2013:

None of the transactions with related parties fall under the scope of section 188(1) ofthe act. Information on transaction with related parties pursuant to section 134(3) (h) ofthe act read with rule 8(2) of the companies (Accounts) Rules 2014 are given inAnnexure-1 in Form AOC-2 and the same forms part of this report.

17. The change in the nature of business if any:

There was no change in the nature of Business.

18. The details of directors or key managerial personnel who were appointed or haveresigned during the year:

During the period under review there were the following changes in the Board ofDirectors and Key Managerial personnel.

Name of the Director / KMP Des. Date Change
K. Aditya Vissam MD 01.08.2020 Appointment
B. Rajasekhar CFO 30.07.2020 Resignation
D. Venu Gopal CFO 01.02.2021 Appointment

During the period under review there were the Further the following changes haveoccurred after the closure of financial year:

R K Pooja Company Secretary has resigned w.e.f. 30.06.2021 and Mr. Mohammed IbrahimPasha appointed as company secretary and compliance officer w.e.f 01.07.2021.

The board hereby proposes ratification of appointment and reappointment of Mr. HaribabuKolluri and Mr. P S Ranganath as Non-executive Director under Independent capacity for theremaining period of their tenure of ten years which will expire on 28th May 2024 and 25thMay 2026 respectively subject to the approval of members at ensuing AGM.

19. The names of companies which have become or ceased to be its Subsidiaries jointventures or associate companies during the year:

During the year under review there was no such instance.

20.Highlights on performance of subsidiaries associate and Joint Ventures andcontribution to the overall performance of the Company during the period under review:

Not Applicable.

21. Statement containing salient features of Financial Statement of Subsidiaries orAssociate Companies or Joint Ventures:

Not Applicable.

22. The details of significant and material orders passed by the regulators or courtsor tribunals impacting the going concern status and company's operations in future:

There are no material orders passed by the regulators or courts or tribunals impactingthe going concern status and company's operations in future.

23. Particulars of Employees:

The information required under section 197 of the act read with rule 5(1) of thecompanies (appointment and remuneration of managerial personnel) rules 2014 are givenbelow:

a. The ratio of remuneration of each director to the median remuneration of theemployees of the company for the financial year:

Non Executive Directors Ratio to median remuneration
K.V.Vishnu Raju Nil
S.V.S.Shetty Nil
K.Hari Babu Nil
P.S.Raju Nil
K. Anuradha Nil
P.Ranganath Nil
Executive Directors Ratio to median remuneration
Ravichandran Rajagopal 0.45:1
Kalidindi Aditya Vissam 0.55:1

b. The percentage increase in remuneration of each Director Chief Executuive OfficerChief Financial Officer Company Secretary in the financial year:

Director Chief Financial Officer Company Secretary % of increase in remuneration in the financial year
Kalidindi Aditya Vissam Nil
Managing Director
Ravichandran Rajagopal Nil
Whole Time Director
R.K.Pooja Nil
Company Secretary

c. Percentage increase in median remuneration of employees in the financial year : NIL

d. The number of permanent employees on the rolls of the company: 118

e. Average percentile increase already made in the salaries of emloyees other than themanagerial personnel in the last financial year and its comparision with percentileincrease in the managerial remuneration and justification thereof and point out if thereare any exceptional circumstances for increase in the managerial remuneration:

Remuneration in FY 19-20 (Rs. Crores)
R.Ravichandran K.Aditya Vissam R.K.Pooja
0.25 0.20 0.07
Revenue (Rs. Crores)
R.Ravichandran K.Aditya Vissam R.K.Pooja
31.28 31.28 31.28
Remuneration as % of Revenue
R.Ravichandran K.Aditya Vissam R.K.Pooja
0.008 0.006 0.002
Profit before tax (PBT) (Rs. Crores)
R.Ravichandran K.Aditya Vissam R.K.Pooja
3.00 3.00 3.00
Remuneration (as % of PBT)
R.Ravichandran K.Aditya Vissam R.K.Pooja
0.08 0.06 0.02

f. Affirmation that the remuneration is as per the remuneration policy of the company:

The Company affirms remuneration is as per the Remuneration policy of the company.

24. Disclosure as per Sexual Harassment at Work Place (Prevention Prohibition andRedressal) Act 2013:

The Company has zero tolerance towards sexual harassment at workplace and has adopted aPolicy on Prevention Prohibition and Redressal of Sexual Harassment of in line with theprovisions of the Sexual Harassment of women at workplace (Prevention Prohibition andRedressal) Act 2013 and rules framed there under. The Policy aims to provide protectionto employees and prevent and redress complaints of sexual harassment and for mattersconnected or incidental thereto with the objective of providing a safe workingenvironment where employees feel secure. The Company has formed the Internal ComplaintsCommittee and the members have been emphasized on the roles and responsibilities. TheInternal Complaints Committee as on 31 March 2021 comprised following three (3) members:

Name Positions held in the committee Designation in the company
K.Anuradha Raju Chairperson/ Presiding Officer Woman Director
R.K.Pooja Member Company Secretary
E.Lakshmana Member HR Manager

25. Disclosure Requirements:

As per Regulation 27(2) of SEBI (Listing obligations & Disclosure Requirement)Rules 2015 which came into force on 01st December 2015 the company is exempted tosubmit quarterly corporate governance reports in the BSE Listing Centre. Pursuant tosection 177(9) of Companies Act 2013 read with rule 7 of Companies (Meetings of Board andits Powers) Rules the Board has adopted the Whistle Blower Policy. This policy aims forconducting the affairs in a fair and transperant manner.

A Mechanism has been established which aims to provide a channel to the Directors andemployees to report genuine concerns about unethical behaviour actual or suspected fraudor violation of the Codes of Conduct or policy.

26. Auditors:

Pursuant to the provision of section 139 of the act and the rules framed there underM/s. M. Anandam & Co. Chartered Accountants Hyderabad (Firm Registration No.000125S) were appointed as Statutory Auditors from the conclusion of 33rd Annual GeneralMeeting held on 28.12.2017 for a period of 5 years.

27. Reporting of Frauds by Auditors:

During the year under review the Auditors have not reported any instances of fraudscommitted in the Company by its Officers or Employees to the Audit Committee under Section143(12) of the Companies Act 2013.

28.Secretarial Auditors' Report:

In pursuance of Section 204 of the Companies Act 2013 Read with Rules made thereunder the Board has appointed M/s D. Hanumanta Raju & Co. Practicing CompanySecretaries as Secretarial Auditor of the company to carry out the Secretarial Audit forthe financial year 2020-21 and the report of the secretarial auditor is annexed to thisreport.

29. Clarifications on Auditors Comments in Auditors Report:

There were no adverse remarks made by statutory auditors in their report. Further thefollowing are the explanations to the observations made by the secretarial auditor intheir report.

Observations Company's Remarks
The Company had to submit the shareholding pattern for the quarter ended 31.03.2020 by 15.05.2020 as required under regulation 31 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 read with circular SEBI/HO/CFD/CMD1/CIR/P/2020/38 dated March 19 2020 but the same was submitted on 20.05.2020. Due to technical reasons the company could not submit the same within the prescribed time limit. However the same will be avoided in future and will be filed in time.
The Company did not file the annual disclosure as required under regulation 30(1) and 30(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011 for the year ended on 31.03.2020. Due to technical reasons the company could not submit the same within the prescribed time limit. However the same will be avoided in future and will be filed in time.
The Company has closed trading window under regulation 9 of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations 2015 read with Schedule B for general public also along with designated persons from 24.07.2020 to 01.08.2020 for declaration of financial results for the period ended 31.03.2020. Due to clerical error it was mentioned as general public. Later on we have also submitted the clarification letter to BSE stating that the same was mentioned erroneously and the trading window was not closed for the general public.
As required under Regulation 31(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 hundred percent of the shareholding of promoters and promoters' group is not in dematerialized form The company is in the process of getting the shares of the promoters and promoters' group into dematerialized form.

30. Annual Return web link:

The web link to the Annual Return in form MGT-7 pursuant to the provisions of Section92 read with Rule 12 of the Companies (Management and administration) Rules 2014 is https://www.anjanifoods.in/

31. Conservation of energy technology absorption foreign exchange earnings and outgo:

The information pertaining to conservation of energy technology absorption Foreignexchange Earnings and outgo as required under Section 134 (3)(m) of the Companies Act2013 read with Rule 8(3) of the Companies (Accounts) Rules 2014 is as under

A. Conservation of energy NIL
B. Technology absorption NIL
C. Foreign exchange earnings NIL
D. Foreign exchange outgo NIL

32. Impact of Covid-19 Pandemic

The COVID-19 pandemic has resulted in a significant decrease in the economic activitiesacross the country on account of lockdown that started on May 05 2021. The Governmenthad ordered temporarily closure of all non-essential businesses imposed restrictions onmovement of goods/ material travel etc. but provision of essential commodities wasallowed subject to adhering of protocol and safety measures issued by the Ministry ofHealth & Family Welfare. Hence Company had its operations as per governmentrestrictions through its retail outlets in the state of AP & Telangana from May 052021 in order to control the community transmission/spread of Covid-19 pandemic. Thedistribution channel of the company was operational throughout as the company falls underthe category of "Essential Commodities Supplier".

Your Company has implemented Work from Home Policy for its offices wherever possible.Further strict COVID protection protocol has been implemented at all workplaces includingthe Plant. The workers are being provided mask during work work place are gettingsanitized regularly reduced number of workers operating in shifts so that work place isnot over crowded at one time etc. and if required may close down its operation ondirections from central/state government.

33. Future Plan of Action:

1. The company has invested close to Rs. 10 crores in setting up a new unit inModavalasa (Vizag) and commenced its commercial production in FY 2020-21. The new unitequips automated facility for generating volumes of production. The growing demand ofbakery products in the region has pushed the management to expand the manufacturingfacility which will cater to the markets in and around the region.

2. A centralized kitchen setup has also been established in Hyderabad along with coldchain storage facility which allows to stock up the voluminous production that can bedelivered just-in-time as per the requirements.

34. Maintenance of Cost Records:

Maintenance of cost records is not specified by the Central Government undersub-section (1) of section 148 of the Companies Act 2013 to our company.

35. Acknowledgement:

We thank our customers vendors investors and bankers for their continued supportduring the year. We place on record our appreciation of the contribution made by ouremployees at all levels. Our consistent growth was made possible by their hard worksolidarity cooperationand support. The Directors also thank the Government of India theConcerned State Governments Government departments and Governmental Agencies for theirco-operation.

On behalf of Board of Directors
K.Aditya Vissam R.Ravichandran
Place: Hyderabad Managing Director Whole time Director
Date: 31-08-2021 (DIN: 06791393) (DIN: 00110930)

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