About A V Thomas & Co. Limited Unlisted Shares

(i) A V Thomas & Co. Ltd was incorporated during the year 1935 with the main business being Trading, Manufacturing, and Exports. The main divisions under the company are Consumer Products Division, Trading, Logistics, Exports, and Services. Consumer Products Division includes: Packet Tea, Coffee, and Premix of tea and coffee segment include the sale of tea and coffee in the packet, bulk, or value-added forms.

(ii) Trade segment includes Trading of Cardamom, Premix of tea and coffee, Vending Machines, and Dairy products. Manufacturing of Roofing Materials and Aluminium & related Accessories.

(iii) Services mainly include comprises of Logistics and other C&F related activities. The Company has its business operations in Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, and Orissa. The company’s flagship tea brand “AVT Premium” is the second largest selling Dust brand in India and the third biggest brand in the economy segment in total. AVT is the fourth largest player in terms of sale on an all India basis.

The Company has been awarded the ISO 22000: 2005 certification for the Tea and coffee packing units at Coimbatore. The Company also exports tea to Middle East countries and the response has been positive.

The main business activity of the company :

1. Packed Tea and Coffee.

2. Aluminum Sheets.

3. Cardamom.

The company has two subsidiaries AVT Gavia Foods Private Limited and A V Thomas Investments Company Limited.

Financial Performance

Operation Performance of AV Thomas Unlisted Share in 2018-19

A) Consumer Products Division

(i) Consumer Products Division recorded a volume growth of 10% during the year 2018-19 despite difficult market conditions.

(ii) In the Packed Tea Segment, AVT continuous to be a market leader in Kerala and has an impressive market share in Tamilnadu. In Andhra Pradesh, Karnataka and Orissa, with the introduction of a new distribution system, the Company has sustained the market share.

(iii) The Company has also exported tea to Middle East countries and the responses have been positive. The Division expects to maintain this positive performance in the coming year also. The Cardamom Exports were seriously affected due to restrictions in Saudi Arabia

B) Trading Division

The Sales Turnover of Trading Division was higher which is mainly on account of volume growth in the sale of GI & GC sheets by 16%. The Pipe Profiling Factory at Perundurai, Tamil Nadu is expected to commence commercial production in the first quarter of 2019-20.

C) Logistics The volume under Logistics has been affected due to market conditions.

D) Dairy The Dairy Division has shown good volume growth during the year and the Company has also introduced new products of Milk Shake during

Operation Performance of AV Thomas Unlisted Share in 2019-20

A) Consumer Products Division The business showed a volume growth of 4% despite difficult market conditions. As in earlier years, AVT continues to be the market leader in Kerala and has impressive market share in TamilNadu. The sales volume in other states of Andhra, Karnataka and Orissa as well as exports has been fairly steady. Cardamom exports was NIL due to the quality restrictions in Saudi Arabia.

B) ROOFING 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.

C) LOGISTICS The volume under Logistics has been affected due to poor market conditions.

D) DAIRY DIVISION 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.

Operation Performance of AV Thomas Unlisted Share in 2021-22

A) Consumer Products Division Due to impact of Pandemic, the overall volume for the year was affected and there is a drop of 4% in volume. However, AVT continuous to be the market leader in Kerala and has good market share in Tamil Nadu. The sales volume in other states of Andhra, Karnataka and Orissa as well as exports had been fairly steady

B) ROOFING The Pandemic had a big impact on the first quarter of the year. The overall drop in volume is around 6%.

C) LOGISTICS The volume under Logistics has been affected due to poor market conditions.

D) DAIRY DIVISION The overall sale was affected by Pandemic.