R VAMA INDUSTRIES LIMITED A Registered Office: Ground Floor, 8-2-248/1/7/78/12, 13, Block-A, Lakshmi Towers, Nagarjuna Hills, Punjagutta, Hyderabad - 500 082, Telangana, India. Ph : +91-40-6684 5534, 6661 9919, 6661 5534, Fax : +91-40-2335 5821. S CIN: L72200TG1985PLC041126, E-mail:
[email protected], Website: www.vamaind.com Date: 30.12.2020 To The Corporate Relations Department BSE Limited PhirozeJeejeebhoy Towers Dalal Street, Mumbai-400 001 Fax No.: 022-22723121/3719 Dear Sir, Sub: Submission of Annual Report under Regulation 34 of SEBI (LODR) Regulations, 2015 Ref: Scrip Code: 512175 Pursuant to Regulation 34 (1) of SEBI (LODR) Regulations, 2015, we submit herewith a soft copy of Annual Report, as approved and adopted at our Annual General Meeting held on 29thDecember 2020 for the year 2019-20 through Video Conference (VC) / Other Audio Visual Means (OAVM), including necessary documents anddisclosures as stated under Regulations 34 (2) and 34 (3) of SEBI (LODR) Regulations,2015. Kindly acknowledge receipt and take same on record. Yours Sincerely, For Varna Industries Limited v. ,.. J d, --.:+t-: L ~~ . V. Atchyuta Rama Raju Chairman & Managing Director 35th Annual Report 2019-2020 INSIDE CONTENTS PAGE No CORPORATE INFORMATION 3 NOTICE 4 DIRECTORS’ REPORT 19 SECRETARIAL AUDIT REPORT 32 REPORT ON CORPORATE GOVERNANCE 48 INDEPENDENT AUDITOR’S REPORT 80 STANDALONE BALANCE SHEET 89 STANDALONE PROFIT & LOSS STATEMENT 90 STATEMENT OF CHANGES IN EQUITY 91 STANDALONE CASH FLOW STATEMENT 92 NOTES TO FINANCIAL STATEMENT 93 CONSOLIDATED FINANCIAL STATEMENT INDEPENDENT AUDITOR’S REPORT ON CONSOLIDATED FINANCIAL STATEMENT 128 CONSOLIDATED BALANCE SHEET 135 CONSOLIDATED PROFIT & LOSS STATEMENT 136 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 137 CONSOLIDATED CASH FLOW STATEMENT 138 NOTES TO CONSOLIDATED FINANCIAL STATEMENT 139 1 2 Corporate Information Executive Directors Designation V.