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 1175680 equity shares constituting 25.56% of the Equity Capital of the Company.

The Board of Directors constitutes very able and accomplished persons. Shri Radesh Rangarajan, Promoters nominee director is an MBA from IIM, Ahmedabad. Shri Pavan Kumar Matli, another promoter nominee and Whole Time director is a Mechanical Engineer. Shri Vamsidhar Reddy Mandipati Independent Director is an MCA. Shri Kranthikumar Chimakurthi, another Independent Director is an M.Tech with more than six years experience in MIS and Data base management. He is a senior consultant in SQL server experience. With such highly qualaified 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 Whole Time Director for a period of another five years w.e.f.01.07.2015. 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.

By Order of the Board of Directors
Sd/- Sd/-
Place: Chennai Radesh Rangarajan Pavan Kumar Matli
Date: 8th August, 2019 Director Whole Time Director