September 13, 2020

AV Thomas - Comments / Message - Please Recheck

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An Interim Dividend of Rs.100/- per equity share (1000%) and Special Interim Equity Dividend of Rs.800/ per equity share (8000%) were paid during the financial year ended 31st March, 2020.The Board of Directors had recommended.

A final dividend of Rs.100/- per equity share (1000%) for approval of the shareholders at the Annual General Meeting.
The aggregate of the dividends, amounts to Rs.1000/- per equity share (10000%) for the year ended 31st March, 2020.


 A v Thomas as per Annual Report.


The operation under Roofing Division was significantly affected due to the down turn in the construction industry. The
volume drop was around 30%. The pipe production at Perundurai, TamilNadu, was started during the second quarter
of the year and the performance is satisfactory.

The Dairy Division has shown significant volume as well as value growth during the year. The business is expected to
become profitable in the next year

As required under Section 129(3) of the Companies Act, 2013, the Company has prepared a consolidated financialstatement in respect of its Joint venture (AVT Gavia Foods (P) Limited) and Associate Companies (A V Thomas Investments
Company Limited) alongwith its own financial statements. Further, the particulars showing the salient features of the Subsidiary/ Associate Companies as required under first proviso to Section 129 (3) of the Companies Act, 2013 rea with Rule 5 of Companies (Accounts) Rules, 2014 are provided in Form AOC-1 which is attached as Annexure I to this report.


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