Notes to Accounts of Tyroon Tea Company Ltd.

Mar 31, 2025

10. PROVISION, CONTINGENT LIABILITIES AND CONTINGENT ASSETS.

Provisions involving substantial degree of estimation in measurement are recognized when there is a legal
or constructive obligation as a result of past events and it is probable that there will be an outflow of
resources and a reliable estimate can be made of the amount of obligation. Provisions are not recognized
for future operating losses. The amount recognized as a provision is the best estimate of the consideration
required to settle the present obligation at the end of the reporting period, taking into account the risks and
uncertainties surrounding the obligation.

Contingent liabilities are not recognized but are disclosed by way of notes to the financial statements
when there is a possible obligation arising from past events, the existence of which will be confirmed only
by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control
of the Company or when there is a present obligation that arises from past events where it is either not
probable that an outflow of resources will be required to settle the same or a reliable estimate of the
amount in this respect cannot be made.

Contingent assets are not recognized but disclosed in the Financial Statements by way of notes to
accounts when an inflow of economic benefits is probable.

11. REVENUE RECOGNITION

(i) Sales is recognized in the accounts on passing of title of goods i.e. delivery as per terms of sale or
on completion of auction in case of auction sale.

(ii) This represents the net invoice value of goods supplied after deducting discounts, rebates and
taxes and duties collected on behalf of third parties and which the company pays as principal.

12. EMPLOYEE BENEFITS

Short term Employee benefits are accrued in the year services are rendered by the employees.

Provident and Family Pension Fund: In accordance with the provisions of the Employee Provident Funds
and Miscellaneous Provisions Act, 1952, eligible employees of the company are entitled to receive benefits
with respect to provident fund, a defined contribution plan, in which both the company and employee
contribute monthly to Provident Fund Scheme the Central Government/T rust at a determined rate. The
Company’s contribution is charged off to the Statement of Profit and Loss.

Gratuity: The Company has taken a Group Gratuity scheme policy for part of its employees (Garden
employees) with Life Insurance Corporation of India (LIC) for future payment of Gratuity to those part
employees.

Employee benefits under defined benefit plans are determined at the close of each year at the present
value of the amount payable by actuarial valuation techniques using the projected unit credit method.
Contributions under the scheme for defined benefit under the Payment of Gratuity Act, 1972, is determined
on the basis of actuarial valuation and are recognized as year’s expenditure. Actuarial gains and losses
arising from experience adjustments and changes in actuarial assumptions are recognized in other
comprehensive income. Remeasurements are not classified to the statement of Profit and Loss in
subsequent periods. Other costs are recognized in the Statement of Profit or Loss. Bifurcation of liabilities
into Current and Non-current are done based on actuarial valuation report.

Leave Encashment Benefits: Leave encashment benefits are payable to employees while in service,
retirement and on death while in service or on termination of employment. With respect to accumulated
leaves outstanding at the year-end, liability for leave are accounted for on the basis of actuarial valuation
at the balance sheet date. The present value of such obligation is determined by the projected unit credit
method as at the Balance Sheet date through which the obligations are settled. The resultant actuarial
gains or losses on change in present value of defined benefit obligation or change in return of the plan
assets is recognized as an income or expense in the Statement of Profit and Loss. Bifurcation of liabilities
into Current and Non-current are done based on actuarial valuation report.

13. FOREIGN EXCHANGE TRANSACTION

These financial statements are presented in Indian Rupee, the national currency of India, which is the
functional currency of the company.

T ransactions in foreign currencies are translated into the functional currency at the exchange rates prevailing
on the date of the transactions. Foreign currency monetary assets and liabilities at the year-end are
translated at the year-end exchange rates. Non-monetary items which are carried in terms of historical
cost denominated in a foreign currency, are reported using the exchange rate as at the date of transaction.
The loss or gain thereon and also on the exchange differences on settlement of the foreign currency
transactions during the year are recognized as income or expense in the statement of profit and loss.

14. SUBSIDY

Tea Replantation subsidy and other subsidies is accounted for on acceptance/receipt by/from the concerned
authorities.

15. EXCEPTIONAL ITEMS

Exceptional items are disclosed separately in the Financial Statements where it is necessary to do so to
provide further understanding of the financial performance of the Company. It has been shown separately
due to its nature and incidence.

16. BORROWING COST

Borrowing cost comprises of interest and other costs incurred in connection with the borrowing of the
funds. All borrowing costs are recognized in the Statement of Profit and Loss using the effective interest
method except to the extent attributable to qualifying Property, Plant Equipment (PPE) which are capitalized
to the cost of the related assets. A qualifying PPE is an asset, that necessarily takes a substantial period
of time to get ready for its intended use or sale. Borrowing cost also includes exchange differences to the
extent considered as an adjustment to the borrowing costs.

17. TAXES ON INCOME

Income tax expense representing the sum of current tax expenses and the net charge of the deferred
taxes is recognized in the income statement except to the extent that it relates to items recognized
directly in equity or other comprehensive income.

Current income tax is provided on the taxable income and recognized at the amount expected to be paid
to or recovered from the tax authorities, using the tax rates and tax laws that have been enacted or
substantively enacted by the end of the reporting period.

Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities
in the Financial Statements and the corresponding tax bases used in the computation of taxable profit.
Deferred tax liabilities are generally recognized for all taxable temporary differences. Deferred tax assets
are generally recognized for all deductible temporary differences to the extent that it is probable that
taxable profits will be available against which those deductible temporary differences can be utilized.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period
in which the liability is settled or the asset realized, based on tax rates (and tax laws) that have been
enacted or substantively enacted by the end of the reporting period.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to
the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of
the deferred tax asset to be utilized.

Deferred tax assets include Minimum Alternative Tax (MAT) measured in accordance with the tax laws in
India, which is likely to give future economic benefits in the form of availability of set off against future
income tax liability and such benefit can be measured reliably and it is probable that the future economic
benefit associated with same will be realized.

18. SEGMENT REPORTING

The Company is presently operating under one business segment viz. Cultivation, Manufacture and sale
of Tea.

Operating segments are identified and reported taking into account the different risk and return, organization
structure and internal reporting system.

4. CRITICAL ACCOUNTING JUDGEMENTS, ASSUMPTIONS AND KEY SOURCES OF
ESTIMATION AND UNCERTAINTY

The preparation of the financial statements in conformity with the measurement principle of Ind AS requires
management to make estimates, judgements and assumptions. These estimates, judgments and
assumptions affect the application of accounting policies and the reported amounts of assets and liabilities,
the disclosures of contingent assets and liabilities at the date of the financial statements and reported
amounts of revenues and expenses during the period. Accounting estimates could change from period to
period. Actual results could differ from those estimates. Appropriate changes in estimates are made as
management becomes aware of changes in circumstances surrounding the estimates. Differences between
the actual results and estimates are recognized in the year in which the results are known / materialized
and, if material, their effects are disclosed in the notes to the financial statements.

Application of accounting policies that require significant areas of estimation, uncertainty and critical
judgements and the use of assumptions in the financial statements have been disclosed below. The key
assumptions concerning the future and other key sources of estimation uncertainty at the Balance Sheet
date, that have a significant risk of causing a material adjustment to the carrying amount of assets and
liabilities within the next financial year are discussed below:

A. Depreciation and Impairment on Property, Plant and Equipment.

Property, Plant and Equipment and Intangible assets are depreciated/ amortized on Straight Line Basis/
Written Down Value Basis over the estimated useful lives (or lease term, if shorter ) in accordance with
Schedule II of the Companies Act, 2013, taking into account the estimated residual value, wherever applicable.

The company reviews its carrying value of its PPE and Intangible Assets whenever there is objective
evidence that the assets are impaired. In such situation assets recoverable amount is estimated which is
higher of asset’s or cash generating units (CGU) fair value less cost of disposal and its value in use. In
assessing value in use the estimated future cash flows are discounted using pre-tax discount rate which
reflect the current assessment of time value of money. In determining fair value less cost of disposal,
recent market realizations are considered or otherwise in absence of such transactions appropriate valuations
are adopted. The Company reviews the estimated useful lives of the assets regularly in order to determine
the amount of depreciation / amortization and amount of impairment expense to be recorded during any
reporting period. This reassessment may result in change estimated in future periods.

B. Impairment allowances on trade receivables

The Company evaluates whether there is any objective evidence that trade receivables are impaired and
determines the amount of impairment allowance as a result of the inability of the customers to make
required payments. The Company bases the estimates on the ageing of the trade receivables balance,
credit-worthiness of the trade receivables and historical write-off experience. If the financial conditions of
the trade receivable were to deteriorate, actual write-offs would be higher than estimated.

C. Income taxes

Significant judgement is required in determination of taxability of certain income and deductibility of certain
expenses during the estimation of the provision for income taxes.

D. Defined benefit obligation (DBO)

Critical estimate of the DBO involves a number of critical underlying assumptions such as standard rates
of inflation, mortality, discount rate, anticipation of future salary increases etc. as estimated by Independent
Actuary appointed for this purpose by the Management. Variation in these assumptions may significantly
impact the DBO amount and the annual defined benefit expenses.

E. Provisions and Contingencies

Provisions and liabilities are recognized in the period when it becomes probable that there will be a future
outflow of funds resulting from past operations or events and the amount of cash outflow can be reliably
estimated. The timing of recognition and quantification of the liability requires the application of judgement
to existing facts and circumstances, which can be subject to change.

Management judgement is required for estimating the possible outflow of resources, if any, in respect of
contingencies/claim/litigations/ against the Company as it is not possible to predict the outcome of pending
matters with accuracy.

The carrying amounts of provisions and liabilities and estimation for contingencies are reviewed regularly
and revised to take account of changing facts and circumstances.

19.1 Refer Statement of Changes in Equity for movement in balances of reserve.

19.2 Nature and Purpose of Reserves :

a) General Reserve :The General Reserve is used from time to time to transfer profits from retained earnings for appropriation purposes. As the General
Reserve is created by a transfer from one component of equity to another and it will not be reclassified subsequently to Statement of Profit and Loss.

b) Securities Premium Reserve Securities Premium Reserve represents the amount received in excess of par value of securities. Section 52 of
Companies Act, 2013 specify restriction and utilisation of security premium.

c) Retained Earnings : Retained earnings generally represent the undistributed profit/amount of accumulated earnings of the company.

d) Other Comprehensive Income:Other Comprehensive Income (OCI) represent the balance in equity for items to be accounted under OCI and
comprises of the following: i) Items that will not be reclassified to profit and loss :ii) The company has elected to recognise changes in the fair value
of non-current investments in OCI. This reserve represents the cumulative gains and losses arising on the revaluation of equity instruments measured
at fair value. iii) Remeasurement of Gains/(Losses) on defined benefit Plans.

33 Segment Information

Consequent to the adoption of Ind AS, the Company has identified one operating segment viz, “Tea” which is consistent with the internal reporting
provided to the chief executive officer, who is the chief operating decision maker.

The Company deals in only one product i.e., Tea. The products and their applications are homogenous in nature.

34 Contingent Liabilities, Contingent Assets and Commitments (to the extent not provided for)

34.1 Contingent Liabilities and Contingent Assets - Rs. Nil (Previous Year Rs.Nil)

34.1.1 A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or nonoccurrence
of one or more uncertain future events not wholly within the control of the entity. During the normal course of business, several unresolved claims are
currently outstanding. The inflow of economic benefits, in respect of such claims cannot be measured due to uncertainties that surround the related
events and circumstances.

(b) Defined Benefit Plan

The Company has a defined benefit gratuity plan. Every employee who has completed five years or more of service is entitled to Gratuity on terms
not less favourable than the provisions of The Payment of Gratuity Act, 1972. The Defined benefit plan is partly funded with LIC and remaining is
unfunded.

The Company also has certain Defined Contribution plans. Contributions are made to provident fund in India at the rate of 12% of salary of the
employees covered as per the regulations. The contributions are made to registered provident fund administered by the Government. The obligation
of the Company is limited to the amount contributed and it has no further contractual nor any constructive obligation.

The present value of obligation is determined based on acturial valuation using the Projected Unit Credit Method, which recognizes each period of
service as giving rise to additional unit of employees benefit entitlement and measures each unit separatly to build up the financial obligation.

Fair Valuation Techniques

The fair values of the financial assets and liabilities are included at the amount that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date.

The following methods and assumptions were used to estimate the fair values:

The fair value of cash and cash equivalents, other bank balances, current trade receivables and payables, other current financial liabilities and assets
approximate their carrying amount largely due to the short-term nature of these instruments. The management considers that the carrying amounts of
financial assets and financial liabilities recognised at nominal cost/amortised cost in the financial statements approximate their fair values.

Fair value of Investment in unquoted Non Cumulative Redeemable Preference Share and security deposit have been determined based on Effective interest
Rate method(EIR) and differential thereof has been recognised as deferred loss/gain and to be recognised to profit and loss over the tenure of the instrument.

Investments traded in active market are determined by reference to the quotes from the Stock exchanges as at the reporting date. Investments in liquid and
short-term mutual funds are measured using quoted market prices at the reporting date multiplied by the quantity held. Unquoted investments in shares have
been valued based on the historical net asset value as per the latest audited financial statements.

During the year ended March 31, 2025, there were no transfers between Level 1, Level 2 and Level 3.

The Inputs used in fair valuation measurement are as follows :

Fair valuation of Financial assets and liabilities not within the operating cycle of the company is amortised based on the borrowing rate of the company.

Unquoted investments in shares have been valued based on the amount available to shareholder’s as per the latest audited financial statements. There
were no external unobservable inputs or assumption used in such valuation.

38.4 Financial risk factors

The Company’s financial liabilities comprise mainly of borrowings, trade and other payables. The Company’s financial assets comprise mainly of cash
and cash equivalents, other balances with banks including trade receivables and other receivables, Deposits and Investments. The Company is exposed
to Market risk, Credit risk and Liquidity risk. The Company’s senior management oversees the management of these risks. The Board of Director reviews
and agrees policies for managing each of these risks, which are summarised below:

38.5 Market risk

The Company’s business is primarily agricultural in nature, exposes it to the risk that the fair value or future cash flows of a financial instrument will fluctuate
because of adverse weather conditions and lack of future markets. The Company closely monitors the changes in market conditions and select the sales
strategies to mitigate its exposure to risk.

38.6 Interest rate risk management

Interest rate risk refers to the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest
rates. The objectives of the Company’s interest rate risk management processes are to lessen the impact of adverse interest rate movements on its
earnings and cash flows and to minimise counter party risks.

The Company is exposed to interest rate volatilities primarily with respect to its short terms borrowings from banks as well as Financial Institutions.
Such volatilities primarily arise due to changes in money supply within the economy and/or liquidity in banking system due to asset/liability
mismatch, poor quality assets etc. of banks. The Company manages such risk by operating with banks having superior credit rating in the market as
well as Financial Institutions.

38.7 Price risks

The Company invests its surplus funds primarily in Equity Instruments, Preference Shares and mutual funds measured at fair value through profit or
loss and other comprehensive income reserve. Aggregate value of such investments as at 31st March, 2025 is Rs. 1718.89 Lakhs (Previous Year
Rs.2175.77 Lakhs).

Accordingly, other price risk of the financial instrument to which the company is exposed is not expected to be material.

38.8 Credit risks

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The
Company is exposed to credit risk from its operating activities primarily trade receivables and other financial assets including deposits with Bank.
Exposure to credit risk is monitored on an ongoing basis.The Company periodically assesses the financial reliability of customers, taking into account
the financial condition, current economic trends and ageing of accounts receivable. The Company’s exposure of its counterparties are continuously
monitored and the aggregate value of transactions is reasonably spread amongst the counterparties. The credit risk of the Company is low as the
Company largely sells its teas through the auction system which is on cash and carry basis.

38.9 Liquidity risk management

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is to maintain sufficient
liquidity and ensure that funds are available for use as per requirements. The Company has obtained fund based working capital loans from banks.
The company relies on borrowings and internal accruals to meet its fund requirement. The current committed line of credit are sufficient to meet its
short to medium term fund requirement.

The following tables detail the Company’s contractual maturity for its non derivative financial liabilities with agreed repayment periods. The tables have
been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Company can be required to pay.
The tables include both interest and principal cash flows as at balance sheet date:

A) The Ratio improved in compairsion to last year due to significant decrease in current Liabilities in current year.

B) The Ratio decreased due to significant decrease in current borrowing in the current year.

C) The Ratio improved due to significant increase in Profit after Tax in the current year.

D) The Ratio improved due to significant decrease in net credit purchase in the current year.

E) The Ratio decreased due to significant decrease in total investment in the current year.

Additional Regulatory Information

40.1) The Company is not declared as wilful defaulter by any bank or bank or other lender.

40.2) There are no transactions and /or balance outstanding with companies struck off u/s 248 of Companies Act, 2013.

40.3) There are no such cases where registration of charges or satisfaction with Registrar of Companies is pending beyond the statutory period.

40.4) The Company does not have any investments through more than 2 layers of Investment companies as per section 2(87)(d) and section 186 of
Companies Act , 2013.

40.5.) There is no scheme of arrangement in terms of section 230 to 237 of Companies act,2013 which is lying before any competent authority for its
approval.

40.6A) The company has not advanced or loaned or invested funds to any other persons or entities including foreign entities (Intermediaries) with the
understanding that the intermediary shall

i. Directly or indirectly lend or invest in other persons or entities identified in any manner what so ever by or on behalf of the company(ultimate

beneficiary); or

ii. Provide any guarantee, security or the like to or on behalf of the ultimate beneficiary.

40.6B) The company has not received any fund from persons , entities including foreign entities (Funding party) with the understanding that the company
shall

i. Directly or indirectly lend or invset in other persons or entities identified in any manner what so ever by or on behalf of the Funding
party(ultimate beneficiary); or

ii. Provide any guarantee, security or the like to or on behalf of the ultimate beneficiary.

40.7) Capital Work-in-Progress
Project in progress

Less than 1 year 66.59

1 - 2 Years 38.09

2 - 3 Years 136.28

More than 3 Years -

40.8) The Company has borrowings from Banks on the basis of security of current assets and quarterly returns or statement of current assets filed by
the company with the Banks are in agreement with the books of accounts.

40.9) The Company does not have any transactions which are not recorded in the books of Accounts that has been surrendered or disclosed as Income
during the year in the Tax Assessment under the Income Tax Act,1961(Such as search or survey or any other relevant provisions of the Income
Tax act, 1961).

40.10) The Company has not traded or Invested in Crypto Currency or virtual currency during the Financial Year.

41. Comparative Financial Information ( i.e amounts and other disclosures of preceding year ) presented above, is included as an integral part of the
current year’s financial statements and is to be read in relation to the amounts and other disclosures relating to current year. Figures of Previous
Year are regrouped/ reclassified wherever necessary to correspond to figures of current year.

42. These financial statements have been approved by the Board of Directors of the Company on 30th May,2025 for issue to the shareholders for their
adoption.

These notes are an integral part of the Financial Statements.

As per our report of even date Tyroon Tea Company Limited

For and on behalf of the Board

For K. N. Gutgutia & Co. Anuradha Jalan Deepak Swain

Chartered Accountants Director Director

Firm Registration No. 304153E DIN - 09059592 DIN - 01575448

(Kailash Chandra Sharma)

Partner Keshab Chandra Mishra

Membership No. 050819 Company Secretary & CFO

Place: Kolkata eCSIN - EA013288A000046618

Date: 30th May, 2025

---

Mar 31, 2024

The following catagories of Trade Receivables ageing are not applicable to the Company during the current year and previous year.

1) Undisputed Trade Receivables which have signficant increase in credit risk.

2) Undisputed T rade Receivables credit impaired.

3) Disputed T rade Receivables considered good.

4) Disputed T rade Receivables which have signficant increase in credit risk.

5) Disputed Trade Receivables credit impaired.

14.2 Refer Note No. 20.1 to Financial Statements in respect of charges created on Trade Receivable against borrowings.

18.1 The Company has only one class of issued shares i.e. Equity Shares having par value of Rs. 10 per share. Each holder of Equity Shares is entitled to one vote per share and equal right for dividend. The dividend proposed by the Board of Directors is subject to the approval of shareholders in the Annual General Meeting. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after payment of all preferential amounts, in proportion to their shareholding.

18.2 The Company does not have any Holding Company/ultimate Holding Company.

18.3 There is no movement in the number of shares outstanding at the beginning and at the end of the reporting period.

19.1 Refer Statement of Changes in Equity for movement in balances of reserve.

19.2 Nature and Purpose of Reserves :

a) General Reserve :The General Reserve is used from time to time to transfer profits from retained earnings for appropriation purposes. As the General Reserve is created by a transfer from one component of equity to another and it will not be reclassified subsequently to Statement of Profit and Loss.

b) Securities Premium Reserve Securities Premium Reserve represents the amount received in excess of par value of securities. Section 52 of Companies Act, 2013 specify restriction and utilisation of security premium.

c) Retained Earnings : Retained earnings generally represent the undistributed profit/amount of accumulated earnings of the company.

d) Other Comprehensive Income:Other Comprehensive Income (OCI) represent the balance in equity for items to be accounted under OCI and comprises of the following: i) Items that will not be reclassified to profit and loss :ii) The company has elected to recognise changes in the fair value of investments in OCI. This reserve represents the cumulative gains and losses arising on the revaluation of equity instruments measured at fair value. iii) Remeasurement of Gains/(Losses) on defined benefit Plans.

20.1 The Working Capital is secured by hypothecation of crops, entire stocks, book debts and other current assets and Plant and Machineries, both present and future and equitable mortgage of Leasehold Land at Garden by deposit of Title Deeds and guaranteed by Srikrishna Arjun Trading and Investment Co. Private Limited and personal guarantee of Mr. Sriprakash Jalan, CEO of the Company.

22.1 Information in terms of section 22 of the Micro, Small and Medium Disclosure required under the Micro, Small and Medium Enterprises Development Act,2006 (the Act} are given as follows.

a) Prinicipal amount due - -

Unpaid matured deposits and interest accrued thereon.

b) Interest paid during the period beyond the appointed day - -

c) Amount of interest due and payable for the period of delay in making payment without adding the

interest specified under the Act. - -

d) Amount of interest accrued and remaining unpaid at the end ofthe period. - -

e) Amount further interest remaining due and payable even in the succeeding years, untill such date when the interest dues as above actually paid to the small enterprise for the purpose of this allowance as a

deductible expenditure under section-23 of the Act. - -

22.2 There are no material dues owned by the Company to Micro and Small Enterprises, during the year and as at 31 st March,2024. This information as required under the Micro, Small and Medium Enterprises Development Act.2006 has been determined to the extent such parties have been identified on the basis of information available with the Company and has been relied upon by the Auditors.

30.2 Corporate Social Rresponsibility (CSR)

The company has incurred Rs. 12,11,500/- during the year (Previous year Rs. 8,25,000/-) by contributing to Gaudiya Mission Rs. 1,00,000/-,Grace Cancer Foundation Rs.10,11,500/- and Rotary Club of Calcutta Welfare Trust Rs. 1,00,000/-, recognised to undertake CSR activities. The Company is required to incurred sum of Rs. 12,11,281/- (Previous Year Rs.8,21,709/-) and hence incurred Rs. 219/-( Previous Year Rs.3,203/-) In excess of requirement.

33 Segment Information

Consequent to the adoption of Ind AS, the Company has identified one operating segment viz, “Tea” which is consistent with the internal reporting provided to the chief executive officer, who is the chief operating decision maker.

The Company deals in only one product i.e., Tea. The products and their applications are homogenous in nature.

34 Contingent Liabilities, Contingent Assets and Commitments (to the extent not provided for)

34.1 Contingent Liabilities and Contingent Assets - Rs. Nil (Previous Year Rs.Nil)

34.1.1 A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or nonoccurrence of one or more uncertain future events not wholly within the control of the entity. During the normal course of business, several unresolved claims are currently outstanding. The inflow of economic benefits, in respect of such claims cannot be measured due to uncertainties that surround the related events and circumstances.

(b) Defined Benefit Plan

The Company has a defined benefit gratuity plan. Every employee who has completed five years or more of service is entitled to Gratuity on terms not less favourable than the provisions of The Payment of Gratuity Act, 1972. The Defined benefit plan is partly funded with LIC and remaining is unfunded.

The Company also has certain Defined Contribution plans. Contributions are made to provident fund in India at the rate of 12% of salary of the employees covered as per the regulations. The contributions are made to registered provident fund administered by the Government. The obligation of the Company is limited to the amount contributed and it has no further contractual nor any constructive obligation.

The present value of obligation is determined based on acturial valuation using the Projected Unit Credit Method, which recognizes each period of service as giving rise to additional unit of employees benefit entitlement and measures each unit separatly to build up the financial obligation.

The above sensitivity analysis is based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity of the defined benefit obligation to significant actuarial assumptions the same method (projected unit credit method) has been applied as when calculating the defined benefit obligation recognised within the Balance Sheet.

38 FINANCIAL INSTRUMENTS 38.1 Capital Management

The primary objective of the Company’s capital management is to ensure that it maintains a healthy capital ratio in order to support its business and maximise shareholder value. The Company’s objective when managing capital is to safeguard their ability to continue as a going concern so that they can continue to provide returns for shareholders and benefits for other stake holders. The Company is focused on keeping strong total equity base to ensure independence, security, as well as a high financial flexibility for potential future borrowings, if required without where the risk profile of the Company.

Fair Valuation Techniques

The fair values of the financial assets and liabilities are included at the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

The following methods and assumptions were used to estimate the fair values:

The fair value of cash and cash equivalents, other bank balances, current trade receivables and payables, other current financial liabilities and assets approximate their carrying amount largely due to the short-term nature of these instruments. The management considers that the carrying amounts of financial assets and financial liabilities recognised at nominal cost/amortised cost in the financial statements approximate their fair values.

Fair value of Investment in unquoted Non Cumulative Redeemable Preference Share and security deposit have been determined based on Effective interest Rate method(EIR) and differential thereof has been recognised as deferred loss/gain and to be recognised to profit and loss over the tenure of the instrument.

Investments traded in active market are determined by reference to the quotes from the Stock exchanges as at the reporting date. Investments in liquid and short-term mutual funds are measured using quoted market prices at the reporting date multiplied by the quantity held. Unquoted investments in shares have been valued based on the historical net asset value as per the latest audited financial statements.

During the year ended March 31,2024, there were no transfers between Level 1, Level 2 and Level 3.

The Inputs used in fair valuation measurement are as follows :

Fair valuation of Financial assets and liabilities not within the operating cycle of the company is amortised based on the borrowing rate of the company. Unquoted investments in shares have been valued based on the amount available to shareholder’s as per the latest audited financial statements. There were no external unobservable inputs or assumption used in such valuation.

38.4 Financial risk factors

The Company’s financial liabilities comprise mainly of borrowings, trade and other payables. The Company’s financial assets comprise mainly of cash and cash equivalents, other balances with banks including trade receivables and other receivables, Deposits and Investments. The Company is exposed to Market risk, Credit risk and Liquidity risk. The Company’s senior management oversees the management of these risks. The Board of Director reviews and agrees policies for managing each of these risks, which are summarised below:

38.5 Market risk

The Company’s business is primarily agricultural in nature, exposes it to the risk that the fair value or future cash flows of a financial instrument will fluctuate because of adverse weather conditions and lack of future markets. The Company closely monitors the changes in market conditions and select the sales strategies to mitigate its exposure to risk.

38.6 Interest rate risk management

Interest rate risk refers to the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The objectives of the Company’s interest rate risk management processes are to lessen the impact of adverse interest rate movements on its earnings and cash flows and to minimise counter party risks.

The Company is exposed to interest rate volatilities primarily with respect to its short terms borrowings from banks as well as Financial Institutions. Such volatilities primarily arise due to changes in money supply within the economy and/or liquidity in banking system due to asset/liability mismatch, poor quality assets etc. of banks. The Company manages such risk by operating with banks having superior credit rating in the market as well as Financial Institutions.

38.7 Price risks

The Company invests its surplus funds primarily in Equity Instruments, Preference Shares and mutual funds measured at fair value through profit or loss and other comprehensive income reserve. Aggregate value of such investments as at 31 st March, 2024 is Rs.2175.74 (Previous Year Rs.2258.20). Accordingly, other price risk of the financial instrument to which the company is exposed is not expected to be material.

38.8 Credit risks

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities primarily trade receivables and other financial assets including deposits with Bank. Exposure to credit risk is monitored on an ongoing basis.The Company periodically assesses the financial reliability of customers, taking into account the financial condition, current economic trends and ageing of accounts receivable. The Company’s exposure of its counterparties are continuously monitored and the aggregate value of transactions is reasonably spread amongst the counterparties. The credit risk of the Company is low as the Company largely sells its teas through the auction system which is on cash and carry basis.

38.9 Liquidity risk management

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company has obtained fund based working capital loans from banks. The company relies on borrowings and internal accruals to meet its fund requirement. The current committed line of credit are sufficient to meet its short to medium term fund requirement.

The following tables detail the Company’s contractual maturity for its non derivative financial liabilities with agreed repayment periods. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Company can be required to pay. The tables include both interest and principal cash flows as at balance sheet date:

A) The Ratio improved in compairsion to last year due to significant decrease in tournover and average trade receivables in current year.

B) The Ratio improved due to signifiant increase in gain on fair valuation of Investment and proft on sale of Investment.

40.1) The Company is not declared as wilful defaulter by any bank or bank or other lender.

40.2) There are no transactions and /or balance outstanding with companies struck off u/s 248 of Companies Act, 2013.

40.3) There are no such cases where registration of charges or satisfaction with Registrar of Companies is pending beyond the statutory period.

40.4) The Company does not have any investments through more than 2 layers of I nvestment companies as per section 2(87)(d) and section 186 of Companies Act , 2013.

40.5.) There is no scheme of arrangement in terms of section 230 to 237 of Companies act,2013 which is lying before any competent authority for its approval.

40.6A) The company has not advanced or loaned or invested funds to any other persons or entities including foreign entities (Intermediaries) with the understanding that the intermediary shall

i. Directly or indirectly lend or invest in other persons or entities identified in any manner what so ever by or on behalf of the company(ultimate beneficiary); or

ii. Provide any guarantee, security or the like to or on behalf of the ultimate beneficiary.

40.6B) The company has not received any fund from persons , entities including foreign entities (Funding party) with the understanding that the company shall

i. Directly or indirectly lend or invset in other persons or entities identified in any manner what so ever by or on behalf of the Funding party(ultimate beneficiary); or

ii. Provide any guarantee, security or the like to or on behalf of the ultimate beneficiary.

40.7) Capital Work-in-Progress Project in progress

Less than 1 year 174.37

1 - 2 Years -

2 - 3 Years -

More than 3 Years -

40.8) The Company has borrowings from Banks on the basis of security of current assets and quarterly returns or statement of current assets filed by the company with the Banks are in agreement with the books of accounts.

40.9) The Company does not have any transactions which are not recorded in the books of Accounts that has been surrendered or disclosed as Income during the year in the Tax Assessment under the Income Tax Act,1961 (Such as search or survey or any other relevant provisions of the Income Tax act, 1961).

40.10) The Company has not traded or Invested in Crypto Currency or virtual currency during the Financial Year.

41. Comparative Financial Information ( i.e amounts and other disclosures of preceding year ) presented above, is included as an integral part of the current year’s financial statements and is to be read in relation to the amounts and other disclosures relating to current year. Figures of Previous Year are regrouped/ reclassified wherever necessary to correspond to figures of current year.

42. These financial statements have been approved by the Board of Directors of the Company on 30th May,2024 for issue to the shareholders for their adoption.

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Mar 31, 2015

1. The Company has only one class of equity shares having a par value of R 10/- each. Each holder of equity shares is entitled to one vote per share. In the event of liquidation, the shareholers are eligible to receive the remaining assets of the company, after distribution of all the preferential amounts, in proportion of their shareholding.

2. There is no movement in the number of shares outstanding at the beginning and at the end of the reporting period.

3. Term Loans from Banks are secured by hypothecation of crops, entire stocks, book debts and other current assets and Plant and Machineries, both present and future and equitable mortgage of Leasehold Land at Garden by deposit of Title Deeds and guaranteed by Srikrishna Arjun Trading & Investment Co. Private Limited and personal guarantee of two person, one of them is a Director. Term Loan carries interest of Base rate 5% and is repayable during the financial year 2015-2016.

4. Vehicle Loan is secured by hypothecation of vehicles acquired under Car Loan Scheme. Repayment details of Vehicle Finance Loan from Bank outstanding as on 31st March 2015 and repayable during the financial year 2015-2016.

5. The above loans are secured by hypothecation of crops, entire stocks, book debts and other current assets and Plant and machineries, both present and future and equitable mortgage of Leasedhold Land at Garden by deposit of Title Deeds and guaranteed by Srikrishna Arjun Trading & Investment Co. Private Limited and personal guarantee of two persons, one of them is a Director.

6. To the extent identified, the Company has no information from the suppliers under the Micro, Small and Medium Enterprise Development Act, 2006 and accordingly the disclosure as acquired in Section 22 of the said Act is not applicable.

7. Market quotation in respect of non traded shares are not available since long, therefore the market value of these investments has not been stated

8. The Company's investments of Rs. 14,000,000 in certain Non-Cumulative Redeemable Preference Shares in group/associated companies are strategic in nature. Considering the long term involvement and the intrinsic values of these companies, these investments have been carried at cost and based on the valuation by Independant experts, no provision is considered necessary in this respect.

9. Particulars of Investments as required in terms of Section 186(4) of the Companies Act, 2013 have been disclosed under Note No. 11 and 15.

10. Rs. 75,00,000 (Previous year Rs. 87,00,000/-) included under loans to others as above and Rs. 12,00,000 shown under loans and advances (Note 19) are being repaid in terms of the Order received from The Hon'ble High Court at Calcutta. Further, in terms of the said order interest of Rs. 96,96,000 accrued in earlier years on the above loan and shown under other non current assets (Note No. 14) is recoverable as per the settlement to be arrived at with the borrower. In view of the above, the amount outstanding in respect of Loans and interest thereon have been considered good and recoverable by the Management.

11. Represents loan granted for their business purposes.

a. Current Income tax has been computed considering that the benefits available under section 80I E of Income Tax Act, 1961 on substantial expansion is available on the entire profit and provision for tax has been made accordingly.

b. Current tax includes Rs. NIL (Previous year Rs. 15,79,725/-) of agricultural income tax payable under the Assam Agricultural Income Tax, 1939.

12. Contingent Liabilities and commitments (to the extent not provided for)

13. Commitments

Estimated amount of contract remaining to be executed on capital account (net of advance of Rs. 1,50,000/-) Rs. 1,79,550/- (Previous year Rs. NIL).

14. The Company has has no pending litigation with respect to claim against the company and proceedings pending with tax/statutory/Government Authorities.

15. Related Party disclosures as identified by the management in accordance with the Accounting Standard 18

List of related parties

a. Associates Srikrishna Arjun Trading & Investment Co. (P) Ltd.

b. Directors / Relatives having significant influence, directly or indirectly Mr. A. K. Jalan (Relative Director)

Mr. S. P. Jalan (Relative of Director)

Mr. Anirudha Jalan ( Director)

Mrs. Indra Jalan (Director)

c. Enterprises where Directors and relatives have significant influence Creative Services (P) Ltd.

Hasimara Industries Ltd.

James Alexander & Co. Ltd.

I. In respect of the above parties, there is no provision for doubtful debts as on 31.3.2015 and no amount has been written off or written back during the year in respect of debts due from/to them.

II. The above related party information is as identified by the management and relied upon by the auditors.

16. In the opinion of the Board, the assets other than fixed assets and non-current investments have a value on reaslisation in the ordinary course of business at least equal to the amount at which they are stated.

Defined Benefit Scheme :

The present value of obligation is determined based on actuarial valuation using the projected unit Credit, which recognises each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to built up the final obligation.

a. Assumption relating to future salary increases, attrition, interest rate for discount & overall expected rate of return on Assets have been considered based on relevant economic factors such as inflation, market growth & other factors applicable to the period over which the obligation is expected to be settled.

17. The Company's main business is growing and manufacturing Tea. As such there is no separate reportable segments as per the Accounting Standard 17 "Segment reporting". Further, as the Company operates entirely in India, no secondary segment has been identified.

18. Previous year figures has been regrouped / reclassified to conform with current year presentation, wherever considered necessary.

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Mar 31, 2014

1.1 The Company has only one class of equity shares having a par value of 10/- each. Each holder of equity shares is entitled to one vote per share. In the event of liquidation, the shareholers are eligible to receive the remaining assets of the company, after distribution of all the preferential amounts, in proportion of their shareholding. During the year ended 31st March 2014, Board of Directors have proposed a dividend of 1 per share, as distribution to equity shareholders. The dividend proposed by the Board of Directors is subject to the approval of shareholders in the ensuing annual general meeting.

1.2 There is no movement in the number of shares outstanding at the beginning and at the end of the reporting period.

2.1 Market quotation in respect of non traded shares are not available since long, therefore the market value of these investments has not been stated

2.2 The decline in the market value of long term investments to the extent of 15,97,439/- (Previous year 19,02,300/-) in respect of actively traded securities has been considered to be temporary in nature and accordingly provision for such decline has not been considered necessary by the Management.

2.3. The Company''s investments of 2,00,00,000 in certain Non-Cumulative Redeemable Preference Shares and Long Term loans and advances of 1,75,00,000 (Note 13) in group/associated companies are strategic in nature. Considering the long term involvement and the intrinsic values of these companies, these investments and balances have been considered good and fully recoverable.

2.4 Consequent upon amalgamation of JSW Ispat Steel Ltd. with JSW Steel Ltd. the Company has received 41 Equity Shares of 10/- each of JSW Steel Limited.

3.1 87,00,000 (Previous year 1,08,00,000/-) included under loans to others as above and 12,00,000 shown under loans and advances (Note 19) are being repaid in terms of the Order received from The Hon''ble High Court at Calcutta. Further, in terms of the said order interest of 96,96,000 accrued in earlier years on the above loan and shown under other non current assets (Note No. 14) is recoverable as per the settlement to be arrived at with the borrower. In view of the above, the amount outstanding in respect of Loans and interest thereon have been considered good and recoverable by the Management.

4. RELATED PARTY DISCLOSURES required by Accounting Standard 18 "Related Party Disclosure" as specified in the Companies (Accounting Standard Rules, 2006 prescribed by the Central Government are as follows :

List of related parties a. Associates

Srikrishna Arjun Trading & Investment Co. (P) Ltd.

b. Directors / Relatives having significant influence, directly or indirectly

Mr. A. K. Jalan (Director)

Mr. S. P. Jalan (Relative of Director)

Mr. Anirudha Jalan (Relative of Director)

c. Enterprises where Directors and relatives have significant influence

Creative Services (P) Ltd. Hasimara Industries Ltd. James Alexander & Co. Ltd.

5. DISCLOSURE UNDER ACCOUNTING STANDARD - 15

EMPLOYEE BENEFITS

The disclosure required under Accounting Standard 15 "Employee Benefits" notified in the Companies (Accounting Standards) Rules 2006, are given below :

Defined Benefit Scheme :

The present value of obligation is determined based on actuarial valuation using the projected unit Credit, which recognises each period of service as giving rise to additional unit employee benefit entitlement and measures each unit separately to built up the final obligation.

6. The Company''s main business is growing and manufacturing Tea. As such there is no separate reportable segments as per the Accounting Standard 17 "Segment reporting". Further, as the Company operates entirely in India, no secondary segment has been identified.

7. Previous year figures has been regrouped / reclassified to conform with current year presentation, wherever considered necessary.

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Mar 31, 2013

1. The Company''s main business is growing and manufacturing Tea. As such there is no separate reportable segments as per the Accounting Standard 17 "Segment reporting". Further, as the Company operates entirely in India, no secondary segment has been identified.

2. Previous year figures has been regrouped / reclassified to conform with current year presentation, wherever considered necessary.

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Mar 31, 2012

Note :

a. Term Loans are secured by hypothecation of crops, entire stocks, book debts and other current assets and Plant and machinery, both present and future and equitable mortgage of Leasedh old Land at Garden by deposit of Title Deeds and guaranteed by Srikrishna Arjun Trading & Investment Co. Private Limited and personal guarantee of one of the Directors.

b. Vehicle Loan is secured by hypothecation of vehicles acquired under Car Loan Scheme.

1. DEFERRED TAX LIABILITIES (NET)

In accordance with Accounting Standard - 22 Accounting for Taxes on Income the Company has accounted for deferred tax. The tax authorities have disputed the claims made by the Company seeking tax benefits on non moving interest receivable. Further interest to the extent not provided in the books as the possibility of recoverability being doubtful has also been added in various assessment years while computing taxable income by the tax authorities. As a matter is at various stages of dispute with tax authorities neither deferred tax assets nor tax assets nor deferred tax liability has been considered in this respect. Considerable amount of gratuity provided in the books has remained unpaid. In the absence of any future plan of payment Deferred tax Assets in this respect has been considered only to the extent of Deferred Tax Liability.

Note :

The above loans are secured by hypothecation of crops, entire stocks, book debts and other current assets and Plant and machinery, both present and future and equitable mortgage of Leased hold Land at Garden by deposit of Title Deeds and guaranteed by Srikrishna Arjun Trading & Investment Co. Private Limited and personal guarantee of one of the Directors.

Note :

The Company is in the process of compiling information with regards to suppliers covered under Micro, Small and Medium Enterprise Development Act, 2006. To the extent indentified, the Company has no information from the suppliers under the Act and accordingly the disclosure as acquired in Section 22 of the said Act could not be given in said accounts.

Note :

a. Market quotation in respect of non traded shares are not available since long, therefore the market value of these investments has not been stated

b. The decline in the market value of long term investments to the extent of Rs. 15,89,526 (Previous year Rs. 15,51,760/-) in respect of actively traded securities has been considered to be temporary in nature and accordingly provision for such decline has not been considered necessary by the Management.

c. The Company's investments of Rs. 2,00,00,000 in certain Non-Cumulative Redeemable Preference Shares and loans and advances of Rs. 1,50,00,000 in group/associates companies are strategic in nature. Considering the long term involvement and the intrinsic values of these companies, these investments and balances have been considered good and fully recoverable.

Note :

Loans of Rs. 2,23,71,813/- (including interest amounting to Rs. 1,03,71,813/-) recoverable from certain parties which have become overdue. The Company has filed suits for the recovery of the loan amounts together with interest due. Interest on these loans considering the uncertainty as to the realisation will be accounted for as and when realised/settled.

b. Electricity charges are being provided as per the bill raised by CESC Ltd. The amount receivable from CESC Ltd. on account of excess electricity charges for the earlier years will be recognised as and when adjusted in future bills.

c. Expenditure in Foreign currency Travelling Expenses

Note :

a. Current tax has been computed considering that the benefits available under section 80I E of Income Tax Act, 1961 on substantial expansion is available on the entire profit. Accordingly, no tax has been considered under current tax.

b. Current tax includes Rs. 2,28,070/- (Previous year Rs. 37,86,381/-) of agricultural income tax payable under the Assam Agricultural Income Tax, 1939.

Figures in bracket represents previous year's amount

Note :

I. In respect of the above parties, there is no provision for doubtful debts as on 31.3.2012 and no amount has been written off or written back during the year in respect of debts due from / to them.

II. The above related party information is as identified by the management and relied upon by the auditors.

III. There are no transaction with Associate Company.

Notes :

Assumption relating to future salary increases, attrition, interest rate for discount & overall expected rate of return on Assets have been considered based on relevant economic factors such as inflation, market growth & other factors applicable to the period over which the obligation is expected to be settled.

2. The Company's main business is growing and manufacturing Tea. As such there is no separate reportable segments as per the Accounting Standard 17 Segment reporting. Further, as the Company operates entirely in India, no secondary segment has been identified.

3. Previous year figures has been regrouped / reclassified to conform with current year presentation, wherever considered necessary.

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Mar 31, 2010

As on 31.03.10 As on 31.03.09

1. Capital commitment Rs. 3,47,500 Rs. 49,766

2. In respect of 4995.07 bighas of land acquired by Assam Government under the Land Ceiling Act, the Company received an ad-hoc payment of Rs.15,200 as the compensation. Pending ascertainment of the overall compensation to be received as well as cost of such undeveloped Land acquired out of total 11,829 bighas of land included under the Land (Leasehold) and Development, the said compensation remains included in liabilities ami necessary adjustment in respect of cost of land and profit/loss on such acquisition, if any has not been considered.

3. Certain balances under current liabilities, sundry debtors and advances are subject to confirmation and reconciliation thereof.

4. Loans and Advances include (a) Loan of Rs. 3,76,55,603/- (including interest amounting to Rs. 1,25,55,683) recoverable from certain parties which have become overdue. The Company has filed suits for the recovery of the loan amounts together with interest due. Interest on these loans considering the uncertainty as to the realisation will be accounted for as and when realised/settled, (b) Overdue Loan of Rs. 47,74,290 (including interest amounting to Rs.22,74,290) recoverable from a body corporate for which persuasive and other steps have been taken for recovery and in the opinion of the Management no provision is necessary in this regard. However, considering uncertainty as to realization, interest amounting to Rs. 15,54,000 due from a Company (including Rs. 12,54,000 due for previous year) as mentioned in (b) above has not been recognised in the accounts.

5. Cash Credit loans are secured by hypothecation of crops, entire stocks, book debts and other current assets and Plant & machinery, both present and future and equitable mortgage of Leasehold Land at Garden by deposit of Title Deeds and guaranteed by Srikrishna Arjun Trading & Investment Co. Private Limited and personal guarantee of one of the Director). However the positive balance there against has been included in cash and bank balance account.

6. (i) Current income tax has been computed considering that the benefits available under 80IE of Income Tax Act, 1961 on substantial expansion is available on the entire profit. Accordingly no tax has been considered under same and provision of Minimum Alternate Tax (MAT) has been included under "current tax. Further, while computing the MAT certain adjustments have been considered based on an opinion received by the Company.

(ii) Current tax includes Rs. 8,58,000 of agricultural income tax payable under the Assam Agricultural Income Tax, 1939.

7, In accordance with Accounting Standard - 22 "Accounting for Taxes on Income" the Company has accounted for deferred tax. The tax authorities have disputed the claims made by the company seeking tax benefit on non moving interest receivable. Further interest to the extent not provided in the books as the possibility of recoverability being doubtful has also been added in various assessment years while computing taxable income by the tax authorities. As the matter is at various stages of dispute with tax authorities neither ¦¦¦¦ deferred tax assets nor deferred tax liability has been considered in this respect, Considerable amount of gratuity provided in the books has remained unpaid. In the absence of any future plan of payment Deferred tax Assets in this respect has been considered only to the extent of Deferred Tax Liability.

8. The decline in the market value of long term investments lo the extent of Rs. 8,65,427 (Rs. 20,57,426) in respect of actively traded securities has been considered to be temporary in nature and accordingly provision for such decline has not been considered necessary by the Management.

9. The Companys investment of Rs. 2,00,00,000 in certain Non-Cumulative Redeemable Preference Shares and Loans & Advances of Rs. 1,71,70,000 in group/associated companies are strategic in nature. Considering the long term involvement and the intrinsic values of these companies, these investments and balances have been considered good and fully recoverable.

10. Total salaries, wages and bonus included under various heads of accounts Rs. 5,97,91,256/- (Rs. 4,47,54,782)

11. Stores and spare parts consumed (all indigenous) included under various heads of accounts Rs. 1,33;80,152/- (Rs. 1,07,24,110).

12. The Company is in the.process of compiling information with regards to suppliers covered under Micro, Small and Medium Enterprise Development Act, 2006. To the extent identified, the Company has no information from the suppliers under the Act and accordingly the disclosure as acquired in Section 22 of the said Act could not be given in said account.

13. Employee Benefits

The disclosure required under Accounting Standard 15 "Employee Benefits notified in the Companies (Accounting Standards) Rules 2006 are given below :

b) Defined Benefit Scheme

The,present value of obligation is determined based on aciurial valuation using the projected unit Credit, which recognizes each period of service as giving rise to additional unit of employee benefit entitlement anqi measures each unit separately to built up the final obligation.

14. Electricity charges are being provided as per the bill raised by CESC Ltd. The amount receivable from CESC Ltd. on account of excess electricity charges for the earlier years wil be recognised as and when adjusted in future bills.

15. The Companys main business is growing and manufacturing Tea. As such there is no separate reportable segments as per the Accounting Standard 17 " Segment reporting". Further, as the company operates entirety in India no secondary segment has been identified.

16. Related party disclosure as identified by the Management in accordance with the Accounting Standard 18 "Related Party Disclosure" are as given below : -

A. List of related Parties :

i. Companies where control exists None

ii. Associates Srikrishna Arjun Trading & Investment Co. (P) Ltd.

iH. Directors/Relatives having

significant influence, directly or Mr. A. K. Jalan (Director)

indirectly Mr. S. P. Jalan (Relative of Director)

iv. Enterprises where Directors and Creative Services (P) Ltd.

relatives have Significant influence Hasimara Industries Ltd.

James Alexander & Co. Ltd.

17. Expenditure and Income in foreign Currency :

a. Travelling Expenses Rs. 74,511 (Rs. 1,70,896)

b. Income in Foreign Currency : NIL

18. Previous years figures have been re-arranged and / or regrouped wherever considered necessary. Nolo : All figures given in brackets are for the previous year unless otherwise stated.