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A) KARVY &.CO ‘Beuiimens Renutons, 215 te We have sci te quar conelsed ancl suit of Ava Feeds Limited (re Corey) fr the user ended 31" arch, end te conte yr ds anc sult ped Fon" A. 2013 Mach. 2017, tached herent, beng submited ty he Company prsant he ree Faguston 43 0 he SE (Lng Colgetons end Sscoere Requrenan apuatons, 20S, These nwolated quarry en veauts at wel ae the conelsled yea 1 dle Hal resus have eon Hepes fom corsbises erm transl demain, which Ihe fsporsbaty of te Congas Inahapsmat: respond st anos at epnion 0 thwe consid fran sul hse on out {tat ef sh encode Inn teal water hc have Been pepaed I Seeares mh fe {Rezgnton and mess nce down focouing Sleaad erm Fano Reporting (AS 425). mandala ude Seto 15 fe Companies Ac 20 ead wih roar se eed stunt Sd ‘har accurng pins gery scapes mda, We conduct cur sust im acorance wih he eusing stntae geeraly aeped lad, Those ‘aarstequre tat wo pan ond pao the aut totam reasons aes abou whee fancilrenut ee es ef mae metre. An ut lus earning on 8 et baa, event upporing me amour csosea av anes Touts An aud sie ncades sence the Sting [preps ued ant sian emase mace by management Wi bole fat eur Aull onde & ‘essonle bao opr, ‘The consoldated fencers sls ci he Glows share of net sof 128.08 the Year eted Starch, 217, canard nthe Sond franca aman expt fet sodas, whose franc Satomors have ot been ausod bye. Thee nec siernons we ‘madd nd have been unised Yo ws byte Hanageent abd Sur phon an he conor iments ofr eats ote ame and aches ces nrnpat tee sesccales ant ‘urrepot so far 28 Kee tb slr! secon, Sneed sao such uted See In our opinion ad oe best oo hata sry Sari resi omaton ard ez toe explanations gen 1 Us, ete el os th canted yn fo ean sa, (0 reo he evar farce rete a ero ls rac rent of he owing ents: {@) An ron Fonts Pate Ure Subeiy| (0) Shinsn pars 8 prs imtos Whol Owed Subediry {e)_Stiahea Pome joo nad anes {)Patkar'Powor hate Utes Asoc (] have oan prsonie n eecornce wt he ragutoments of Region 29 of the SEB (Ling (bison ane Dickaue Regureres) Regus, 2045 nhs pad and (Wve 9g ana fa vw of consoled NET PROFT an he anc aon fhe que fed rch 217 wat te cosa yout dlrs ba pt om he SE For KARVY 80. Ener Acotnts ICAI Firm Rogisvation Nx 017657 = (QJAYRUNIAR KOSARALU) Members Noo21a8e Pac: derabos Date 1342097 No, 2, Bhooma Plaza, St. No.4, Avenue 7, Banjara Hills, Hyderabad - 34 Phone :040-23954986, 23958625, Fax: O40 23388507 mals: 1th fe Ps ond Pr Bort Fos Opa fsa nan on ews [at mess om Operas pee aeeaieaneoe [rays bret er ena aOR bs OTST Ir ne aes a tS a on rar Pee “ ‘soon am any Ai Yar ‘ones ltatseune ioetar tn Sy Sa rat azaa| men i ph fw pa ‘soar saa | ar fet Po i ae ‘a roi ve fsa] Ie i - aber lito sexe] coszo|,_sonso| _onso| son 20 19 Eger SPS | ms) ete ryt (aE OH war| —gas| 0g | —arza| ea hater oy emote ‘ear| sus] eas) ara] Skah sore wuts weed by At Coit tbr mos 20042017 nd proved by edo Draco at te resign 1366097 nes mn sh. 27 3 i en ar es een Nie pte marys sro oe gue et thera a yore ot be Soars Bao'an “ee 2 ST tuo 3, ae pone i JEQUIY & RBIS tif sata ea] oe =a. oft] RE eons fem Testo. Bs eee or etme ce a ee =e a Seeteean aeed am oe oa ao A iments Er sess 7 an me oy oH Seen a ‘mass sae ear ee oh a somsote KARVY & CO (CHARTERED ACCOUNTANTS ‘uulors Report on Quarta Financial Results and Year to Date Finanlal Ress of Avant Feeds United Pursuit to Regulation 35 of fie SEBI ising Obigalons and Disclosure ‘Reguremonts) Regus, 2018 ‘ho Bots of Dect Avant Feeds Liitod Wo have auite, ho quarity hance ruts of Avant Feods Limited (the Company) forte ‘ule ended 31 Mare, 2017 and he yar tod franca result ote psi om Ap 2076 {© aarch, 2017, stache herent, bing emits by the Company pureust fo th reaurene ‘fReguaton 33. ne SEB (sng Oulgaane ana Disonie Regurements Regulate, 2015" ‘These quartet hate reauits 3 wel athe yar oct fancal els have baen prepared onthe tai fhe rtm fc stemant, whet are the reponaity of he Conan management (ur responeblty sto epress an cin on thave liane rents based on sur aud of suc) ean {nani statements, whch have Deon popaod in acurdance Wah te fesogiion apd reasicomet pines lit Jounin Sezcuning Stace or tr Fall Reporting (A820), essibe unr Seaton 183 ofthe Conganes Ac 2013 read wih rover mee ieuee therunder and Der secouning princes gener exceed nd, We conduc our aut in acordance wth th esting standards genraly accepted in na. Tose $anaras reuse that ne pon and perform the aut ots rssorabe assurance about wheter ‘he aneat rests ae oe of mterl misttemerts An ashlee examining on tet aes, ‘Sidencesupporing tw arours duced es inane fonts An aus sao nudes nesessing te Scouning pncples used and sigan estinates made by managomes, We ble that ou aust Fronds a eatonabl aso Sur opinion Incur opinion and tte bet of ou: nomaton and accusing toe explanation gen ous, eee ‘sro antl ests abel asthe yor one franca rest (0 1e presented in acordance with the requrements of Reguaon 33 of the SEBI (isting ‘gtane ana Dvsosue Requrements) Reguatons, 201 nti oped nd ( lvg a tue anf view ofthe NET PROFIT and che rencal ifoanation fo the qr dod SE rc 2017 yar teres rhe pred for Ae BO March ForKARVY &0. (Chae hcountants {CAT Finm Registration No: 01767 hee QURrAMAR KOBARAIU) Nembersipna21680 Face: aeratas ‘No, 2, Bhooma Plaza, St No.4, Avenue 7, Banjara Hills, Hyderabad - 34 Phone :040-23364995, 23369625, Fax : 040 - 29358507 Emails: tn 0 "nm ames coe fFEEDS LIMITED) ‘Toit o eaNOMoNE ATED ANAL ResiTazon Tarcuanrens an stnsy [B= = _@AYANTI [Pt en os tr ae or {cersssagiae [ram ay ctr tre ah (rca car cas ax —| [pa ara aca a Hoo} bas| Sei) E "ne hve tne mandy A i a mig 20.4207 a aad i ‘ledowat mega ar 30620 «2 Tonal it Peat (0 2c frttcnstep (tect 38) {esl le: genre [sonesayeneumy sae cal tel [ret Snenecmng auton ee AFP at 33) ssczo| isn ‘er kaos une Lite eater arrears ‘ones pn so eben scams (Us BO. ent es sg SSCA S ereee ies Se Linen naas wisn oeearecea Teast es saeicnnreerern nm ene 5 rp ges to an geizedamereecza, oY = URI a | ascent wna Sion oronge ss4as| Blocaed atats Se ter eg noe me wii nt ae sts0077 Snore maaan HSaae laey tem noe sreae ‘eee ornament ma Soh Cimon ta yonerat te Baars aaa [sea ToL fa sump reso ras ao Toa Basel eszuro| oa | sa fs Foner gat[ ee err — ates [Gs St SoS Ta OBAGI Tages |p azar] aaa fal nro ress aes | —semor| epee] — mao | Tomer lp-recesed sei sesnr| eas] —2ze0|—ayarar| — 235281 [a-Powee (ee) to] za ero] — ser roa. “aaarss| —gxso| —anenes| — Hts | ATE peas Un niccoma Tea Ta oF TR] [ecco oenate reso ssoza|assra|—ayesas|_sgs5a (Fol Tos) BOS TSE BESTT lacome P v2] suose| sere] cao far foo ara aiaas| — seaman] acs econ 7 est] —Wara7o| ent se[ —Moscat | waztSe For "estat — Ssteor|—aeeos] —"santar| — a0 [russe jastae| —eooe 8] —7aar 18 seaman | 20758 rat Traseesat | oiateze | e207 | —aseessn | 625077 fair fee ra | aaa ar| Toa 7 toscana ire ‘moe | zeta cy [sussiocaed patos | —aeza0| wz sz a sinners vest Tes Tas Pace: Haeranag AAG | i So mae que tn 8.1 pee Eng SEE Screen epson, Tt FUT fos BOOT BH Pace: yaa he een iP fl dr gr aS Ssear a erm Taser [Saw [aa | [canara a acon aaa Inc air bpd i nap ‘aes | ass a33| ln re far ater oer sy ar [tear im] fon et ta ot meng cee) | seal 2 sss | [sft tin per sparcticenssnrenseheons | a ur seams |e oc na a Ba aa ee eth nse) ean) — a8 —— 88) sn Pe: ions PW TR A ese gaan en san eis an on Tl, AT aR, OS TSS AOR {Resign wom lye Cone ee 04.207 nro to ttm Adnan on Sandan Final Raps ia oe aa a Tas [sansa pon waa] wammast | aaa = fc pet saa 7st ft eos nat ptt azo) [ie Cate lne m s cerg son rt poo ahaa Ison ss 59023 lay Conte rd ee Rein aan a FA care 7 [seg Perr i 3 (nan ei nn 1 Asp ent Bair ans srt wih Aa Frc Fonds Po Ls be ana aay eres tom APL AFFPL a SAotadahen cutest em OL 2G AFFP ou carga oe Sng Pty acy a fs un ecg cer, Howe Haan .s Cum t armas ture t od ann ay mo 230 AFPPL, APL ak wr ond Sd Prem ances tae APPEL tar 17 20602 Doone pe mss so. The spars TUS, DOE wan weved Tees SSE ARE wesc an xr te posers emp on hae, ‘eaten ti tae rat fn sn nt nc est ee ee 38 SIMS Sate Sc soe cr Regula tt tm lng Cpa ane Dron quran Regen, 201 reat acase on coe Pace Rest bene ota er end Sait, Sv ae cn Enyce ncaa cam wba com) Companys tesa pa snbean comiearan Resse a fester fk o- oo EB