Ashiana Agro Industries Ltd Management Discussions

Your Company is a zero liability company. M/s Serengeti Holdings Pvt. Ltd., Chennai have taken over your company duly complying with the SEBI (SAST) Regulations, 1997. They hold 11,75,680 equity shares constituting 25.56% of the Equity Capital of the Company.

The Board of Directors constitutes very able and accomplished persons. Shri Vangallu Kodanda Ram (DIN: 06967765) continues as Promoters, viz., Serengeti Holdings Pvt. Ltd., nominee director. He is alumnus of Loyola Institute of Business Admin., Chennai, is a double Post Graduate from Central Michigan University, Mt pleasant USA in Master of Science in Administration and Kingston College, Burnaby, Canada in information resource management. Shri.Pavan Kumar Matli another promoter nominee and Managing Director is a Mechanical Engineer. Shri.Vamsidhar Reddy Mandipati Independent Director is a MCA. Shri.Kranthikumar Chimakurthi, another Independent Director and Chairman is an M.Tech with more than six years experience in MIS and Data base management. He is a senior consultant in SQL server. With such highly qualified and able professionals at the Board level, we are very optimistic about the future of the Company. Shri.Pavan Kumar Matli has been re-appointed as Managing Director for a period of another five years w.e.f.01.07.2025 in the Board meeting held on 13^th August, 2025 subject to approval of shareholders in the forthcoming AGM. The Board is making all out efforts to revive the company and they are optimistic about the future.

Your company has entered into Trading of Packaging Materials business and the shareholders approval was taken for altering the Objects clause of the Memorandum of Association. The new management has expertise and experience in such business activities. The Company has already started trading of packaging materials and looking to expand the business in current year.