Beloved Members and stake holders of Virat Crane Industries Limited

I convey my pleasure to report your 27^thAnnual report of the company.

During the financial year your Company has maintained its revenue from operations andhas achieved decent growth in profit compared to previous years. Revenue from theoperations stood at more than 85 Crores. During the year revenue has slightly decreasedcompared to previous year. I'm glad to convey this progress with you though the negativegrowth in the FMCG Sector.

During the year Profit after tax was 6.80 Crores. The profit after tax increased by9.6% percentage compared to last year. I am very glad to inform you that this is thedecent performance has made in the packaged food and dairy industry compared to thecompetitors.

I express my joy to inform you that the company products mainly Durga Ghee andKamadhenu Cow ghee Brand names are deeply being positioned in the market. It is madethrough our Quality in products and aggressive marketing.

I affirm you that your company will successfully meet the challenges and strive to bethe best in the industry.

As you know that company had been declaring dividend for the last six years but forthis year company wanted to keep it profits with the company for utilizing theconstruction of new plant so that reducing the external debt on the company which in turnboost the wealth creation of the shareholders.

Like previous years your Company contributed to a few portion of its profit to thepublic welfare activities and would like to continue the path laid down by Sri GrandhiSubbarao Garu.

During the year company has paid Scholarships to the merit students through CraneFoundation irrespective of their religious practices and beliefs. Your company affirmsthat contribution to CSR as a responsibility mere than a compliance to laws.

I would like to thank all shareholders Employees other stakeholders and the publicfor their faith commitment and contribution towards the excelling of the company'sgrowth.

I would also like to express my gratitude to the Board of Directors for their guidancein managing the affairs of the company.

With best wishes

Sincerely

G.V.S.L. Kantha Rao

Managing Director