These Financial Statements are prepared to comply, in all material
 aspects, with all the applicable accounting principles in India, the
 applicable accounting standards notified under Section 211 (3C) of the
 Companies Act, 1956 (the Act) and the relevant provisions of the Act.
 
 1.1 Fixed Assets
 
 Fixed Assets (tangibles) are stated at cost or valuation. Cost of
 extension planting is capitalised. Fixed assets (intangibles) are
 stated at acquisition cost. An impairment loss is recognised wherever
 the carrying amount of the fixed assets of a cash generating unit
 exceeds Its net selling price or value in use, whichever is higher.
 
 1.2 Depreciation / Amortisation
 
 Depreciation on straight line method is provided on book value of
 tangible Fixed Assets (other than Estate and Development) in the manner
 and at rates as per Schedule XIV to the Companies Act, 1956. Items of
 fixed assets for which related actual cost do not exceed Rs.5,000 are
 fully depreciated in the year of purchase.
 
 Intangible fixed assets are amortised on straight line method over
 their estimated economic life.
 
 Additional charge of depreciation on amount added on revaluation is
 adjusted against Revaluation Reserve, wherever available.
 
 1.3 Investments
 
 Long Term Investments are stated at cost. Provision is made for
 diminution, other than temporary. Gams/losses on disposal of
 investments are recognised as income / expenditure.
 
 1.4 Inventories
 
 Inventories are valued as under :
 
 Stores and Spare Parts : At lower of cost (determined under weighted
 average method) and net realisable value.
 
 Finished Goods : At lower of weighted average cost (including
 attributable charges and levies) and net realisable value.
 
 1.5 Sales
 
 Sale is recognised on completion of sale of goods. Sale includes tea
 claim and is net of sales return, sales tax etc.
 
 1.6 Employee Benefits
 
 a.  Short Term Employee Benefits:
 
 These are recognised at the undiscounted amount as expense for the year
 in which the related service is rendered.
 
 b.  Post Employment Benefit Plans:
 
 Contributions under Defined Contribution Plans payable in keeping with
 the related schemes are recognised as expenditure for the year.
 
 In case of Defined Benefit Plans, the cost of providing the benefit is
 determined using the Projected Unit Credit Method with actuarial
 valuation being carried out at each Balance Sheet date. Actuarial gains
 and losses are recognised in full in the Profit and Loss Account for
 the period in which they occur. Past service cost is recognised
 immediately to the extent that the benefits are already vested, and
 otherwise is amortised on a straight-line basis over the average period
 until the benefits become vested. The retirement benefit obligation
 recognised in the Balance Sheet represents the present value of the
 defined benefit obligation as adjusted for unrecognised past service
 cost, if any, and as reduced by the fair value of plan assets, where
 funded. Any asset resulting from this calculation is limited to the
 present value of any economic benefit available in the form of refunds
 from the plan or reductions in future contributions to the plan.
 
 c.  Other Long Term Employee Benefits (Unfunded):
 
 The cost of providing long-term employee benefits is determined using
 Projected Unit Credit Method with actuarial valuation being carried out
 at each Balance Sheet date.  Actuarial gains and losses and past
 service cost are recognised immediately in the Profit and Loss Account
 for the period in which they occur. Other long term employee benefit
 obligation recognised in the Balance Sheet represents the present value
 of related obligation.
 
 1.7 Borrowing Cost
 
 Interest and other costs in connection with the borrowing of funds by
 the Company are recognised as an expense in the period in which they
 are incurred unless these are attributable to the acquisition and
 construction of qualifying assets and added to the cost up to the date
 when such assets are ready for their intended use.
 
 1.8 Research and Development
 
 Revenue expenditure on Research and Development is recognised as a
 charge to the Profit and Loss Account. Capital expenditure on assets
 acquired for Research and Development is added to Fixed Assets.
 
 1.9 Recognition of Income and Expenditure
 
 Items of Income and Expenditure are recognised on accrual and prudent
 basis.
 
 1.10 Accounting for Taxes on Income
 
 Current Tax in respect of taxable income is recognised based on
 applicable tax rates and laws.  Deferred Tax is recognised subject to
 consideration of prudence in respect of deferred tax assets, on timing
 differences, being the difference between taxable income and accounting
 income, that originate in one period and are capable of reversal in one
 or more subsequent periods and is measured using tax rates and laws
 that have been substantively enacted by the Balance Sheet date.
 Deferred tax assets are recognised only if there is reasonable
 certainty that sufficient future taxable income will be available
 against which such deferred tax assets will be realised. Such assets
 are reviewed as at each Balance Sheet date to reassess realisability
 thereof.
 
 1.11 Transactions in Foreign Currencies
 
 Transactions in foreign currency are recorded at exchange rates
 prevailing on the date of the transaction. Monetary items denominated
 in foreign currency are restated at the exchange rate prevailing on the
 Balance Sheet date. Foreign currency non-monetary items carried in
 terms of historical cost are reported using the exchange rate at the
 date of the transactions.  Exchange differences arising on settlement
 of transactions and/or restatements are dealt with in the Profit and
 Loss Account.
 
 1.12 Derivative Instruments
 
 The Company uses derivative financial instruments such as forward
 exchange contracts, currency swaps etc. to hedge its risks associated
 with foreign currency fluctuations relating to the underlying
 transactions, highly probable forecast transactions and firm
 commitments. In respect of Forward Exchange Contracts with underlying
 transactions, the premium or discount arising at the inception of such
 contract is amortised as expense or income over the life of contract.
 
 Other Derivative contracts outstanding at the Balance Sheet date are
 marked to market and resulting loss, if any, is provided for in the
 financial statements. Any profit or losses arising on cancellation of
 derivative instruments are recognised as income or expenses for the
 period.
 
 1.13 Government Grants
 
 Government grants related to specific fixed assets are deducted from
 gross values of related assets in arriving at their book value.
 
 Government grants related to revenue are recognised in the Profit and
 Loss Account.
 
 2.  Schemes of Amalgamation/Scheme of Arrangement given effect to in
 earlier years
 
 Pending completion of the relevant formalities of transfer of certain
 assets and liabilities acquired pursuant to the Schemes, such assets
 and liabilities remain included in the books of the Company under the
 name of the transferor companies (including other companies which were
 amalgamated with the transferor companies from time to time).
 
 4.  Employee Benefits :
 
 4.1 Post Employment Defined Contribution Plans:
 
 During the year an amount of Rs. 2738.73 lakhs (31 March 2010 - Rs.
 2464.20 lakhs) has been recognised as expenditure towards Defined
 Contribution plans of the Company.
 
 4.2. Post Employment Defined Benefit Plans:
 
 Gratuity (Funded)
 
 The Companys gratuity scheme, a defined benefit plan, covers the
 eligible employees and is administered through certain gratuity fund
 trusts. Such gratuity funds, whose investments are managed by insurance
 companies/trustees themselves, make payments to vested employees or
 their nominees upon retirement, death, incapacitation or cessation of
 employment, of an amount based on the respective employees salary and
 tenure of employment subject to a maximum limit of Rs. 10.00 lakhs.
 Vesting occurs upon completion of five years of service.
 
 Superannuation (Funded)
 
 The Companys Superannuation scheme, a Defined Benefit plan, is
 administered through trust funds and covers certain categories of
 employees. Investments of the funds are managed by Insurance companies
 /trustees themselves. Benefits under these plans had been frozen in
 earlier years with regard to salary levels then prevailing with the
 exception of a few employees. Upon retirement, death or cessation of
 employment, Superannuation Funds purchase annuity policies in favour of
 vested employees or their spouses to secure periodic pension. Such
 superannuation benefits are based on respective employees tenure of
 employment and salary.
 
 Staff Pension - Type A (Funded)
 
 The Companys Staff Pension Scheme - Type A, a Defined Benefit plan, is
 administered through a trust fund and covers certain categories of
 employees. Investments of the fund are managed by Life Insurance
 Corporation of India. Pursuant to the scheme, monthly pension is paid
 to the vested employee or his/her nominee upon retirement, death or
 cessation of service based on the respective employees salary and
 tenure of employment subject to a limit on the period of payment in
 case of nominee. Vesting occurs upon completion of twenty years of
 service.
 
 Staff Pension - Type B (Unfunded)
 
 The Companys Staff Pension Scheme - Type B, a Defined Benefit plan,
 covers certain categories of employees. Pursuant to the scheme, monthly
 pension is paid to the vested employee or his/her nominee upon
 retirement, death or cessation of service based on the respective
 employees salary and tenure of employment subject to a limit on the
 period of payment in case of nominee. Vesting occurs upon completion of
 twenty years of service.
 
 Expatriate Pension (Unfunded)
 
 The Company has an informal practice of paying pension to certain
 categories of retired expatriate employees and in certain cases to
 their surviving spouses. The scheme is in the nature of Defined Benefit
 plan.
 
 Medical Insurance Premium Reimbursement (Unfunded)
 
 The Company has a scheme of re-imbursement of medical insurance premium
 to certain categories of employees and their surviving spouses, upon
 retirement, subject to a monetary limit. The scheme is in the nature of
 Defined Benefit plan.
 
 The following Tables sets forth the particulars in respect of Defined
 Benefit plans of the Company for the year ended 31st March 2011 and
 corresponding figures for the previous year.
 
 The estimates of rate of inflation in salary considered in actuarial
 valuation, take into account inflation, seniority, promotion and other
 relevant factors including supply and demand in the employment sphere.
 
 Plan assets represent investment in various categories. The return on
 amounts invested with LIC Is declared annually by them. Return on
 amounts invested with Insurance companies, other than LIC, is generally
 by way of Net Asset Value declared on units purchased, with certain
 schemes declaring returns annually while some other offering a
 guaranteed rate of return. Investment in Bonds and Special Deposit
 carry a fixed rate of interest.
 
 The expected return on plan assets is determined after taking into
 consideration composition of the plan assets held, assessed risk of
 asset management and other relevant factors.
 
 Provident Fund:
 
 Contributions towards provident funds are recognised as expense for the
 year. The Company has set up Provident Fund Trusts in respect of
 certain categories of employees which is administered by Trustees. Both
 the employees and the Company make monthly contributions to the Funds
 at specified percentage of the employees salary and aggregate
 contributions along with interest thereon are paid to the
 employees/nominees at retirement, death or cessation of employment. The
 Trusts invest funds following a pattern of investments prescribed by
 the Government. The interest rate payable to the members of the Trusts
 is not lower than the rate of interest declared annually by the
 Government under The Employees Provident Funds and Miscellaneous
 Provisions Act, 1952 and shortfall, if any, on account of interest is
 to be made good by the Company.
 
 In terms of the Guidance on implementing Accounting Standard 15
 (Revised 2005) on Employee Benefits issued by the Accounting Standard
 Board of The Institute of Chartered Accountants of India (ICAI), a
 provident fund set up by the Company is defined benefit plan in view of
 the Companys obligation to meet shortfall, if any, on account of
 interest. In view of the higher rate of interest declared by the
 Government for the year 2010-11, the Fund incurred a net shortfall of
 Rs. 8.92 lakhs (3l9t March 2010 - Rs. Nil) which has been provided for
 in these Accounts.
 
 The Actuary has expressed his inability to provide an actuarial
 valuation of the provident fund as at the year end in the absence of a
 Guidance Note from The Institute of Actuaries of India. Accordingly,
 complete information required to be considered as per AS 15 in this
 regard is not available and the same could not be disclosed.
 
 The Companys contribution to the aforesaid provident fund for the year
 was Rs. 189.10 lakhs (31st March 2010 - Rs. 174.44 lakhs)
 
 5.  Capital Work-in-Progress includes acquired intangible assets -
 Computer Software under implementation Rs. 117.61 lakhs (31st March
 2010 - Rs. Nil).
 
 6.  There are certain overdue loans and advances, interest accrued on
 loans and other recoverable items aggregating Rs. 4351.42 lakhs (31st
 March 2010 - Rs. 5295.68 lakhs). These advances became overdue on
 account of the sluggish market conditions and the resultant difficulty
 in liquidating the assets by these parties. The management is actively
 continuing to pursue options for recovery of these loans and advances.
 As a measure of prudence, and in the managements best judgement Rs.
 4351.42 lakhs (31st March 2010 - Rs. 5295.68 lakhs) are being held in
 provision for contingency, for overdue loans and advances etc. at the
 year end. (Refer Schedule 12 to Accounts).