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Savera Industries Ltd.

BSE: 512634 Sector: Services
NSE: SAVERA ISIN Code: INE104E01014
BSE 00:00 | 22 May 31.35 -0.05
(-0.16%)
OPEN

31.40

HIGH

33.90

LOW

28.30

NSE 05:30 | 01 Jan Savera Industries Ltd
OPEN 31.40
PREVIOUS CLOSE 31.40
VOLUME 548
52-Week high 68.80
52-Week low 28.30
P/E 11.16
Mkt Cap.(Rs cr) 37
Buy Price 30.30
Buy Qty 99.00
Sell Price 34.30
Sell Qty 213.00
OPEN 31.40
CLOSE 31.40
VOLUME 548
52-Week high 68.80
52-Week low 28.30
P/E 11.16
Mkt Cap.(Rs cr) 37
Buy Price 30.30
Buy Qty 99.00
Sell Price 34.30
Sell Qty 213.00

Savera Industries Ltd. (SAVERA) - Director Report

Company director report

To the members of Savera Industries Ltd

The Directors have pleasure in presenting the 50th Annual Report of Savera IndustriesLtd (the company) along with the audited financial statements under Ind AS for thefinancial year ended 31st March 2019.

PARTICULARS CURRENT FINANCIAL YEAR 2018-19 PREVIOUS FINANCIAL YEAR 2017-18
Revenue From Operations 7187.15 7243.34
Other income 71.27 62.35
Profit/Loss before Depreciation Finance Costs
*Exceptional Items and Tax Expenses 1324.97 1248.03
Less : Depreciation / Amortisation / Impairment 347.44 360.39
Profit / loss before Finance Costs Exceptional items and Tax Expenses 977.53 887.64
Less : Finance Costs 51.12 110.16
Profit / Loss before Exceptional items and Tax Expenses 926.41 777.48
Add : (less) Exceptional Items - -97.55
Profit / Loss before Tax Expenses 926.41 679.93
Less : Tax Expenses (Current & Deferred) 298.20 166.53
Profit / Loss for the year (1) 628.21 513.40
Total Comprehensive Income / Loss (2) 27.41 (25.47)
Total (1 + 2 ) 655.62 487.93
Balance of Profit / Loss for earlier years 3596.85 3471.07
Less :Transfer to Reserve 40.87 -
Less : Dividend paid on Equity Shares 274.34 322.06
Less : Dividend Distribution Tax 56.39 65.56
Balance Carried Forward 3853.46 3596.85

HOTEL INDUSTRY AND ECONOMIC FACTORS THAT IMPACTED THE GROWTH OF THE BUSINESS DURING THEYEAR UNDER REVIEW

As in the earlier years the Tourism & Hospitality Industry is continuouslyemerging as the key drivers of our Indian Economy as the tourism in India has significantpotential on account of its rich cultural and historical heritage. Tourism is the largegenerator and significant source of foreign exchange of the country and also employment.Indias' rising middle class and increasing disposable income in the hands of the middleclass supports the growth of the hotel industry. The increasing pressure of internationalchains are attracting foreign tourists to India. The Government of India has also realisedthe potential of tourism industry for the growth of Indian Tourism. The Government ofIndia is working to achieve 1% share in the worlds' international tourism arrivals by 2020and 2% share by 2025. The Government of India is also planning for development of touristcircuits under Swadesh Darshan. In this direction several projects were sanctioned underSwadeh Darshan scheme. The Tourism Industry is also looking forward to the expansion ofe-visa scheme which is expected to double the tourism inflow into India from theneighbouring countries. The low-cost health care facility available in India is also oneof the reasons for foreign travellers to come to India which is normally called asMedical Tourism.

STATE OF COMPANY'S AFFAIRS

During the year under review the company strived to achieve and maintain the turn overof Rs.71.87 crores which is nearly equal to last years. On account of decrease infinancial costs other expenses and closure of loss making units the company achievedProfit before Taxes to the tune of Rs.9.26 crores as against the Rs.6.80 crores ofprevious year. In view of the increasing presence of Online Travel Agents (OTA) theprofits will be under stress as the company is unable to increase the ARR due tocompetitive rates in the future years. A sum of Rs.40.87 lakhs was transferred to theGeneral Reserve during the year under review. The company has adopted Ind-AS for the firsttime from the financial year 2017-18

DIVIDEND

The Board of Directors of the Company has declared an Interim Dividend of Rs.1.00 (10%)per equity share for the financial year ended 31.03.2019 on 13th February 2019. Furtherthe Board of Directors of the Company has recommended a final dividend of Rs.0.20 paiseper equity share (2%) for the financial year ended 31.03.2019. The total outflow towardsdividend including interim dividend will be Rs.143.14 lakhs and the tax on dividend worksout to Rs.29.42 lakhs.

INVESTOR EDUCATION & PROTECTION FUND

During the year under review unclaimed dividend of Rs.284186/- and 6401 number ofshares were transferred to the Investor Education and Protection Fund.

Mr.N.S.Mohan Company Secretary of the company and in his absence Mr.A.C.Murali isappointed as Nodal Officer as per the provisions of IEPF and the above details areavailable in the official website of the company i.e. www.saverahotel.com.

DEPOSIT FROM PUBLIC

The Company has not accepted any fixed deposits under the provisions of the CompaniesAct 2013.

FINANCIAL HIGHLIGHTS OF THE COMPANY

The financial highlights of the company for last 10 years are furnished in the AnnualReport.

FINANCIAL INFORMATION AND DETAILS OF ASSOCIATE COMPANY

The Financial Statement of the company is prepared in accordance with the Ind AS underthe provisions of the Companies Act 2013 and forms part of the Annual Report. Thecompany's financials disclose the assets liabilities income expenses and other details.

There is no subsidiary company and associate company within the meaning of section 2(6)of the Companies Act 2013 ("Act").

DIRECTORS AND KEY MANAGERIAL PERSONNEL

The Board of Directors met four (4) times during the year under review and the meetingdates are on 30.5.2018 14.8.2018 13.11.2018 and 13.02.2019.

During the year under review Mr.B.Ranga Reddy Independent Director resigned from theoffice of Director w.e.f. 13.2.2019 due to his advancing age i.e. 77. The Board recordedits appreciation for the services rendered to the Company by Mr.B.Ranga Reddy.

The Audit Committee was constituted by the company with three members. The auditcommittee consists of two Independent Directors and one Non Executive and non IndependentDirector. Mr.S.Sridhara Rao is the Chairman of the committee and Mr.A.Sudhakar Reddy andMr.A.Tarun Reddy are the members of Audit Committee. The Committee met four times duringthe year under review on 30.5.2018 14.8.2018 13.11.2018 and 13.02.2019.

Pursuant to the provisions of the Companies Act 2013 Mr.A.Tarun Reddy Directorretires by rotation and is eligible for reappointment. The Board recommends hisappointment and accordingly resolution seeking approval of the members for his appointmenthas been included in the notice of the forthcoming Annual General Meeting of the companyalong with his brief profile.

The Key Managerial Personnel of the company presently are Mr. A. Ravikumar ReddyManaging Director Mr. N. S. Mohan Company Secretary and Mr. D.V.M. Sambasiva Rao ChiefFinancial Officer.

Mr.D.V.M.Sambasiva Rao will be retiring as Chief Financial Officer on 31.7.2019. In hisplace the Board approved appointment of Mr.CH. Mahesh Kumar as Chief Financial Officerw.e.f. 1.8.2019 by promotion from the existing position of Accounts Officer.

DIRECTORS' RESPONSIBILITY STATEMENT

On the basis of internal financial controls and systems relating to compliancemaintained by the company work done by the internal statutory and secretarial auditorsthe reviews performed by the management and the relevant Board Committees including theAudit Committee the Board is of the opinion that the company's internal financialcontrols were adequate and effective during the financial year 2018-19.

Pursuant to Section 134 (3) (c) and 134 (5) of the Companies Act 2013 and based onthe representations received from the management the directors hereby confirm that:

i. In the preparation of the Annual Accounts for the year 2018-19 the applicableaccounting standards have been followed and there are no material departures;

ii. They have selected such accounting policies and applied them consistently and madejudgments and estimates that are reasonable and prudent so as to give a true and fair viewof the state of affairs of the company at the end of the financial year 31st March2019and of the profit of the company for that period;

iii. They have taken proper and sufficient care to the best of their knowledge andability for the maintenance of adequate accounting records in accordance with theprovisions of the Act. They confirm that there are adequate systems and controls forsafeguarding the assets of the company and for preventing and detecting fraud and otherirregularities.

iv. They have prepared the annual accounts on a going concern basis;

v. They have laid down internal financial controls to be followed by the company andthat such internal financial controls are adequate and operating properly;

vi. They have devised proper systems to ensure compliance with the provisions of allapplicable laws and that such systems were adequate and operating effectively.

INTERNAL CONTROL & SYSTEM

The Company has internal control and systems commensurate with the size of thecomplexity of the business operations and it has well defined internal audit functions.For the purpose of independence the internal audit dept. reports to Chairman of the AuditCommittee and the Board of Directors.

VIGIL MECHAMISM

The company had established Vigil Mechanism for its Directors & employees to reporttheir genuine concerns or grievances.

SECRETARIAL STANDARDS

The company has complied with Secretarial Standards I & II issued by ICSI.

SECRETARIAL AUDITOR

Mr. R. Balasubramaniam Practising Company Secretary has been appointed as theSecretarial Auditor during the year. The Secretarial Audit Report given by him shall formpart of this report.

STATUTORY AUDITORS

In accordance with the provisions of Section 139 and 142 of the Companies Act 2013and the rules framed there under M/s. S.Venkatram & Co. LLP CharteredAccountants218 TTK Road Chennai 600 018 were appointed as statutory auditors of thecompany for a period of 5 years to hold the office from the conclusion of the 48th AnnualGeneral Meeting of the company held on 11.08.2017 till the conclusion of the 53rd AnnualGeneral Meeting(AGM) on the remuneration as may be fixed by the Board of Directors of thecompany.

SIGNIFICANT AND MATERIAL ORDERS

There were no significant and material orders passed by the regulators or courts ortribunals affecting the going concern status and future operations of the company.However the Ministry of Corporate Affairs ordered inspection under the provisions of theCompanies Act and a detailed reply was given to the Minsitry.

INDEPENDENT DIRECTORS DECLARATION

Mr. A. Sudhakar Reddy and Mr. S. Sridhar Rao who are independent directors havesubmitted a declaration that each of them meets the criteria of independence as providedin sub-section (6) of section 149 of the Act. Further there is no change in their statusas independent director during the year.

STATUTORY AND SECRETARIAL AUDITORS REPORT

There are no qualifications reservations or adverse remarks or disclaimers in theStatutory Auditors and Secretarial Auditors Report.

PARTICULARS OF LOANS GUARANTEES AND INVESTMENTS UNDER SECTION 186 OF THE COMPANIESACT 2013.

There is no loan guarantee and investment made by the company under section 186 of theCompanies Act 2013 during the financial year 2018 - 19.

TRANSACTIONS WITH THE RELATED PARTIES

All related party transactions that were entered into during the financial year were incompliance with the applicable provisions of the Companies Act 2013 and SEBI (ListingObligations and Disclosure Requirements) (LODR) Regulations 2015.

Further all contracts or arrangements with related parties entered into during thefinancial year ended 31-3-2019 were on an arm's length basis and in the ordinary course ofbusiness.

The particulars of contracts or arrangements with related parties referred to insub-section (1) of section 188 are furnished in Form AOC-2.

RISK MANAGEMENT

The Board takes responsibility in overseeing the risk management plan for the company.The Risk Management Policy facilitates in identifying the risks associated with theoperations of the company and in giving suitable measures/solutions to mitigate the same.Major risks identified by the businesses and functions are systematically addressedthrough mitigating actions on a continuous basis.

CORPORATE SOCIAL RESPONSIBILITY.

The CSR Policy of the company and the details about the initiatives taken by thecompany on CSR during the year as per the Companies (Corporate Social ResponsibilityPolicy) Rules 2014 have been disclosed in Annexure 1 to this Report . Further details ofcomposition of the Corporate Social Responsibility Committee and other details areprovided therein During the year under review. The CSR Committee meeting was held on30.5.2018 14.8.2018 13.11.2018 and 13.2.2019.

NOMINATION AND REMUNERATION POLICY

The company's policy on directors appointment and remuneration and other mattersprovided in section 178(3) of the Companies Act 2013 has been disclosed in the corporategovernance report which forms part of the directors' report.

BOARD EVALUATION

The performance evaluation of the Board its Committees and individual directors wasdone and the same was based on questionnaire and feedback from all the Directors.

A separate meeting of the independent directors was convened which reviewed theperformance of the Board (as a whole) the non-independent directors and the Chairman.After the annual independent directors meeting the collective feedback of each of theindependent directors was discussed covering performance of the Board as a wholeperformance of the non-independent directors and the performance of the Board Chairman.

While undertaking the Board evaluation the company also followed the requiredprinciples covered under the Guidance note issued by SEBI.

Important key criteria for performance evaluation are as follows.

Directors performance evaluation

Attendance at Board or Committee Meetings Contribution at Board or Committee Meetings

Guidance/support to management outside Board/Committee meetings. Performance evaluationof Board and Committees Structure of the Board and Board composition Establishment anddelineation of responsibilities to Committees. Effectiveness of Board processesinformation and functioning. Board culture and dynamics Quality of relationship betweenBoard and management. Efficacy of communication with external stakeholders.

LISTING

The equity shares of the Company are listed on Bombay Stock Exchange Limited (BSE). andthe listing fees have been paid.

CORPORATE GOVERNANCE

In terms of Regulation 34 (2) & (3) of SEBI (LODR) Regulations 2015 a report onCorporate Governance the Practicing Company Secretary certificate on the compliance ofconditions of Corporate Governance and the report on Management Discussion and Analysisform part of the Annual Report.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The information required under Section 134 (3) (m) of the Act read with the companies(Accounts) Rules 2014 is furnished hereunder.

The company is practicing green energy by getting 90% of the power required through thewind energy and 90% of the hot water generated through the solar thermal system andinduction heater by minimizing the operation of diesel fired hot water boiler.

For the eco practices the company has changed almost 95% of its lighting with LEDlights reducing the power consumption by 85% and the heat emission energy becomes very lowthereby through the STP the sewerage and sewage water is treated and the treated water isrecirculated for flushing system and cooling tower water.

The company also installed organic waste convertor machine in which the organic wastesare converted into composite manure

The company also installed rain water harvesting system for collecting the rain water.

Hotel being a service industry technology absorption transfer etc. are notapplicable. The company has installed Wi-Fi internet group mobile system wirelesssystems for its security for faster communication. The Core Network Being upgraded toFiber-optic to serve the Increasing demand and improve the Response Time. Managementsoftware is integrated to every aspect of Hotel management for Security and HigherEfficiency

Earnings in convertible foreign exchange for the year amounted to Rs.422.78 lakhs forthe services rendered to Foreign Tourists (Previous year Rs.377.55 lakhs). Expenditure inForeign Currency is Rs.44.68 lakhs (Previous Year Rs.39.44 lakhs ).

DISCLOSURE AS PER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION PROHIBITION ANDREDRESSAL) ACT 2013.

The Company has in place an Anti-Sexual harassment Policy in line with the requirementof The Sexual Harassment of Women at the Workplace (Prevention Prohibition &Redressal) Act 2013. Internal Complaints Committee (ICC) has been set up to redresscomplaints received regarding sexual harassment. All employees (permanent contractual andtrainees ) are covered under this policy. The following is a summary of sexual harassmentcomplaints received and disposed off during the year 2018-19.

Number of complaint received during the year NIL
Number of Complaint disposed of during the year NIL

EXTRACT OF THE ANNUAL RETURN

As Provided under section 92(3) of the Act the extract of annual return is given inAnnexure 2 in the prescribed form MGT -9 which forms part of this report.

PARTICULARS OF EMPLOYEES

The information required under section 197(12) of the Act read with rule 5 of theCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014 is furnishedin the Annexure 3 to this report

Your directors wish to place on record their appreciation for the good servicesrendered by the employees at all levels of the company.

GENERAL :

Your Directors state that no disclosure or reporting is required in respect of thefollowing items as there were no transactions on these items during the year under review.

Issue of equity shares with differential rights as to dividend voting or otherwise

Issue of shares (including sweat equity shares) to employees of the company under anyscheme.

ACKNOWLEDGEMENTS

The directors would like to thank the Central Bank of India and other financialinstitutions for extending their financial support. They further express their thanks tothe Central Government State Government and other stakeholders for their patronagesupport and guidance.

FOR AND ON BEHALF OF THE BOARD
CHENNAI A.Ravikumar Reddy A.Nina Reddy
29th May 2019 Managing Director Joint Managing Director

AOC 2

(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8 (2) ofthe Companies (Accounts) Rules 2014)

Form for disclosure of particulars of contracts / arrangements entered into by thecompany with related parties referred to in sub-section (1) of section 188 of theCompanies Act 2013 including certain arms length transaction under third proviso thereto.

1 Details of Contracts or arrangements or transactions not at arm's length basis : Nil

2 Details of Materials Contracts or arrangements or transactions at arm's length basis:

(a) Names of the related party and nature of relationship M/S. Shyam Hotels & Restaurants a partnership Firm. - Promoter Directors are interested M/s. Amaravathi Restaruants Pvt Ltd. - Promoter Directors are interested M/s. Amaravathi Restaruants Pvt Ltd. - Promoter Directors are interested M/s. Amaravathi Restaruants Pvt Ltd. - Promoter Directors are interested M/s. Amaravathi Restaruants Pvt Ltd. - Promoter Directors are interested
(b) Nature of Contract / arrangements / transactions Renewal of Contract for supply of packaged drinking water to the company Renewal of Franchise Contract using the Trade Mark "Malgudi" for the Restaurant of the company The company took the various brands owned by the Amaravathi Restaurants Pvt Ltd on Franchise basis as a Master Franchisee to use the trade marks for its own use and also will look for the suitable franchisee for the franchise of such brands- The company took the various brands owned by the Amaravathi Restaurants Pvt Ltd on Franchise basis as a Master Franchisee to use the trade marks for its own use and also will look for the suitable franchisee for the franchise of such brands- The company took the various brands owned by the Amaravathi Restaurants Pvt Ltd on Franchise basis as a Master Franchisee to use the trade marks for its own use and also will look for the suitable franchisee for the franchise of such brands-
(c) Duration of Contract / arrangements / transactions Contract for a period of 3 years from 5.11.2017 to 4.11.2020 Franchise Contract for a period of 3 years from 5.11.2017 to 4.11.2020 Duration 10 years and renewable as may be decided by M/s. Amaravathi Restaurants Pvt Ltd. Duration 10 years and renewable as may be decided by M/s. Amaravathi Restaurants Pvt Ltd. Duration 10 years and renewable as may be decided by M/s. Amaravathi Restaurants Pvt Ltd.
(d) Salient terms of the contract / arrangements / transactions including the value if any. Supply of packaged drinking water to the company not exceeding Rs.45.00 akhs in value per financial year Franchisee fee for use of the said trade mark is 3% on each month sales exclusive of GST but subject to deduction of tax at source Clause 2 and 4 in the said Master Franchise Agreement amended as follows : Revised Clause 2 :In case of own use by the Master Franchisee the Master Franchisee has to pay to the Owner a Royalty of 3% on turn over without taxes and without any one time lump sum franchise fee with effect from 1st June. 2018. Revised Clause 4 The Royalty collected from the Franchisee by the Master Franchisee shall be appropriated and retained by the Master Franchisee themselves without sharing with the Brand Owner for a period of one year from 1.3.2018 and the same shall be reviewed/renewed after one year. One time Franchise Fee shall be shared between the Master Franchisee and the Brand Owner in the ratio of 50:50. The company plans to expand its business by way of entering into production sale of sweets savouries pickles podis etc. under the brand name of 'Amaravathi Home Foods' and the Royalty of 3% not to be paid untilthe division makes profit. However the company is yet to enter into a Contract. Clause 2 and 4 in the said Master Franchaise Agreement amended as follows Revised Clause 2 :In case of own use by the Master Franchisee the Master Franchisee has to pay to the Owner a Royalty of 3% on turn over without taxes with a holiday period of one year from the date of commencement of its own new unit & without any one time lumpsum franchise fee w.e.f. 1.6.2018.
Revised Clause 4 The Royalty collected from the Franchisee by the Master Franchisee shall be appropriated and retained by the Master Franchisee themselves without sharing with the Brand Owner for a period of one year from 1.3.2019 and the same shall be reviewed/renewed after one year.
One time Franchise Fee shall be shared between the Master Franchisee and the Brand Owner n the ratio of 50:50.
(e) Justification for entering into such contracts / arrangements / transactions Uninterrupted supply of the best quality water at a competitive rate prevailing in the market In Restaurants Business the brand equity image is one of the main factors which attract the public with pre-determined assumption of taste and service. The Brand Owner at the request of the Master Franchisee agreed to waive the Royalty for the period as stated above. Amaravathi Home Foods is one of the brands mentioned in the Master Franchise agreement. The market survey reveals that the similar business houses are flourishing in the domestic & export markets. The brand name of Amaravathi is already popular in Restaurants division & well known in southern parts of India. The Brand Owner at the request of the Master Franchisee agreed to waive the Royalty for the period as stated above.
(f) Date of approval by the Board if any 18.11.2017 18.11.2017 30.5.2018 14.08.2018 13.02.2019
(g) Amount paid as advances if any NIL NIL NIL NIL NIL

ANNEXURE 3

Particulars of Remuneration

The information required under section 197 of the Act and the rules made thereunder in

respect of employees of the company is as follows :

(a) The ratio of the remuneration of each director to the median remuneration of the

employees of the company for the financial year.

Explanation (a) the expression "median" means the numerical value separatingthe higher half of a population from the lower half and the median of the finite list ofnumbers may be found by arranging all the observations from lowest value to higher valueand picking the middle one : (b) if there is an even number of observations the medianshall be the average of the two middle values.

Mr. A. Ravikumar Reddy Mrs. A. Nina Reddy
Managing Director Joint Managing Director
1 :31.73 1 :33.56

(b) The percentage increase in remuneration of each Director Chief Financial officerCompany Secretary if any in the financial year.

The percentage increase in remuneration of the Managing Director and Joint ManagingDirector during the financial year 2018-19 is furnished below :

Name of the person % increase in remuneration
Mr. A. Ravikumar Reddy 38.02
Mrs. A. Nina Reddy 45.97

The percentage increase in remuneration of the Chief Financial Officer is 11.76%.

The percentage increase in the remuneration of the Company Secretary is 4.67 %.

(c) The percentage increase in the median remuneration of employees in the financialyear : 2.28%

(d) The number of permanent employees on the rolls of the company : 596

(e) Average percentile increase already made in the salaries of employees other thanthe managerial personnel in the last financial year and its comparison with the percentileincrease in the managerial remuneration and justification thereof and point out if thereany exceptional circumstances for increase in the managerial remuneration: The percentageincrease in the salaries of employees other than the managerial personnel in the lastfinancial year is 29.10% as compared to the increase of 38.02% to the Managing Directorand 45.97% to Joint Managing Director. The increment given to each individual employee isbased on the employees' profile experience and also their performance and contribution tothe company's growth over a period of time and also considering the inflationaryconditions.

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

It is affirmed that the remuneration paid is as per the remuneration policy forDirectors Key Managerial Personnel and other employees approved and adopted by thecompany

(A) No employee had drawn remuneration during the year 2018-19 in excess ofRs.10200000/- (Rs.850000/- per month) in pursuance of Rule 5 (2) of the Companies(Appointment & Remuneration of Managerial Personnel) Rules 2014.

(B) Statement showing the details of top 10 employees of the company in term ofremuneration drawn.

TOP 10 EMPLOYEES OF THE COMPANY

i Name of the Employee Nina Reddy. A Ravikumar Reddy. A Michael Lazarus Mohan. N. S Dayakar Naidu. R Mohana krishnan. A.K Radhish Kumar. B Viveka nandan. K Sivakumar. B D.Sampath Kumar
ii Designation Joint Managing Director Managing Director Vice President Company Secretary Internal Auditor GM - Food - R & D GM-HR & Admn GM - Operations GM-Events & Outdoor Catering F & B Manager
iii Remuneration received in ` 5505400 5205400 2042756 1983782 1855600 1450548 1306622 1273067 1087042 976473
iv Nature of employment (whether contractual or otherwise) Contractual Contractual Regular Regular Regular Regular Regular Regular Regular Regular
v Qualification and experience of the employee B.A. DID. DIC.&HK - B.E. (Mechanical) B. A - M.Com. MBA. FCS BGL B.Com. ACA - DHMCT - B.A PG D PM PG D I.R BGL B. Sc - M. Com - B.Sc - Hotel and Catering Management
21 years 35 years 39 years PGDFM - 25 years 39 years 29 years MA - 29 years 38 years 33 years
vi Date of commencement of employment 28.10.2003 28.09.1999 01.12.1996 06.05.2011 11.11.2015 01.10.1993 03.11.1993 01.10.2010 06.08.1986 14.08.2006
vii Age of the employee 59 62 58 55 64 50 51 55 57 42
viii Last employment held by such employee before join- ing the company - - Southern Explosives Tamilnad Mercantile Bank Ltd CFO - Savera Industries Ltd. Taj airport catering US Consulate Chennai Jayam Software - -
ix Percentage of Equity shares held by the Employee in the company 17.57 13.45 - - 0.017 - - - - -
Whether any such employee is a relative of any Mr.A.Ravikumar Reddy is the father of Mr.A.Tarun Reddy
x Director or Manager of the com- pany and if so name of such Director or Manager Mrs.A.Nina Reddy is the mother of Ms.A.Nivruti Director Director and brother-in- law of Mrs.A.Nina Reddy No No No No No No No No