Rights, preferences and restrictions attached to Shares
 
 (a) The Company has only one class of shares referred to as Equity
 Shares having a par value of Rs. 5/- per share. Each shareholder is
 eligible for one vote per share held. The Dividend proposed by the
 Board of Directors is subject to the approval of the shareholders in
 the ensuing Annual General Meeting, except in case of interim dividend.
 In the event of liquidation, the equity shareholders are eligible to
 receive the remaining assets of the Company after distribution of all
 preferential amounts, in proportion to their shareholding.
 
 (b) Details of Equity Shares held by shareholders holding more than 5
 per cent of the Equity Shares in the Company
 
 (a) Represents a free reserve not meant for any specific purpose.
 
 (b) Represents the balance amount of reserve which had arisen on
 transfer of Bulk Tea Division of Eveready Industries India Limited.
 
 (a) Conveyance deed is pending execution for Jaibirpara Tea estate for
 Rs. 293 lakhs (31.03.11 - Rs. 293 lakhs)
 
 (c) Represents cost of proportionate share of undivided land pertaining
 to certain portion of multistoried building
 
 (a) The above represents the trade mark (Brand - WM logo) acquired in
 January 2005 and the same is being amortised under straight line method
 over a working life of 20 years on prudent basis based on the valuation
 obtained by the management, considering the factors like effective
 life/utility.
 
 1.  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).
 
 2.  Employee Benefits :
 
 I.  Post Employment Defined Contribution Plans:
 
 During the year an amount of Rs. 3239.20 lakhs (31st March 2011 - Rs.
 2738.73 lakhs) has been recognised as expenditure towards Defined
 Contribution plans of the Company.
 
 II.  Post Employment Defined Benefit Plans:
 
 (a) Gratuity (Funded)
 
 The Company''s 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 employee''s salary and
 tenure of employment subject to a maximum limit of Rs. 10.00 lakhs.
 Vesting occurs upon completion of five years of service.
 
 (b) Superannuation (Funded)
 
 The Company''s 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 employee''s tenure of
 employment and salary.
 
 (c) Staff Pension – Type A (Funded)
 
 The Company''s 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 employee''s 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.
 
 (d) Staff Pension – Type B (Unfunded)
 
 The Company''s 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
 employee''s 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.
 
 (e) Medical Insurance Premium Re-imbursement (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 Company has introduced a
 scheme of re-imbursement of medical expenses to a certain category of
 employees up to certain monetary limit. The scheme is in the nature of
 Defined Benefit plan.
 
 (f) 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.
 
 The following Tables sets forth the particulars in respect of aforesaid
 Defined Benefit plans of the Company for the year ended 31st March 2012
 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 mostly by
 way of Net Asset Value declared on units purchased, with some schemes
 declaring returns annually. 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.
 
 (g) 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 employee''s 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 Company''s obligation to meet shortfall, if any, on account of
 interest.
 
 Unlike in earlier years, the Actuary has carried out actuarial
 valuation of plan''s liabilities and interest rate guarantee obligations
 as at the balance sheet date using Project Unit Credit Method and
 Deterministic Approach as outlined in the Guidance Note 29 issued by
 the Institute of Actuaries of India. Based on such valuation, there is
 no future anticipated shortfall with regard to interest rate obligation
 of the Company as at the balance sheet date. Further during the year,
 the Company''s contribution of Rs. 237.07 lakhs (31st March 2011 – Rs.
 189.10 lakhs) to the Provident Fund Trust has been expensed under the
 Contribution to Provident and Other Funds. Disclosures given
 hereunder are restricted to the information available as per the
 Actuary''s report.
 
 3.  There are certain overdue loans and advances, interest accrued on
 loans and other recoverable items aggregating Rs. 4351.42 lakhs (31st
 March 2011 - Rs. 4351.42 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 management''s best judgement Rs.
 4351.42 lakhs (31st March 2011 - Rs. 4351.42 lakhs) is being held in
 provision for contingency, for overdue loans and advances etc. at the
 year end. (Refer Note 6).
 
 4.  Contingent Liabilities
 
 (a) Claims against the Company not acknowledged as debts : -
 
                                    31st March 2012   31st March 2011
                                          Rs. Lakhs         Rs. Lakhs
 
 Sales Tax                                    26.37             26.37
 
 Electricity Dues                             29.27             32.47
 
 Assam Pollution Control Board                 7.41              7.41
 
 Provident Fund                               68.43             68.43
 
 Income Tax                                  247.65             79.49
 
 Service Tax                                  75.48             75.48
 
 Others                                        0.86              4.95
 
 (b) Guarantees given on behalf of a subsidiary - Rs. 11445.75 lakhs
 (31st March 2011 - Rs. 11745.46 lakhs); Year end utilisation Rs.
 7089.93 lakhs (31st March 2011 – Rs. 7938.19 lakhs).
 
 (c) Bank Guarantees Rs. 102.94 lakhs (31st March 2011 - Rs. 83.28
 lakhs)
 
 (d) Bills Discounted – Rs. 1014.45 lakhs (31st March 2011– Rs. 2445.65
 lakhs)
 
 5.  TAXATION
 
 Current Tax charge for the year has been reckoned after taking into
 account, benefit under Section 33AB of the Income Tax Act, 1961 (which
 are available on timely deposit of required amount with development
 bank).
 
 6.  COMMITTMENTS
 
 Estimated Capital Commitment on account of contracts remaining to be
 executed and not provided for at the year-end is Rs.  3230.22 lakhs
 (31st March 2011 - Rs. 1030.07 lakhs). Such commitment, net of
 advances, is Rs. 1515.42 lakhs (31st March 2011 - Rs. 494.44 lakhs).
 
 7.  Business Segment
 
 The Company is primarily engaged in the business of cultivation,
 manufacture and sale of tea and is managed organisationally as a single
 unit. Accordingly, the Company is a single business segment company.
 
 8. Information given in accordance with the requirement of Accounting
 Standard 18 on Related Party Disclosures prescribed under the Act : -
 
 (a) List of Related Parties Where control exists:
 
 - Subsidiaries :
 
 Borelli Tea Holdings Limited (BTHL)
 
 Phu Ben Tea Company Limited (PBTCL)
 
 Rwenzori Tea Investments Limited (RTI)
 
 McLeod Russel Uganda Limited (MRUL)
 
 Olyana Holdings LLC (OLYANA)
 
 Gisovu Tea Company Limited (GTCL) (w.e.f. 23rd February 2011)
 
 McLeod Russel Middle East [MRME (DMCC)] (w.e.f. 9th May 2011)
 
 Others:
 
 - Associates :
 
 D1 Williamson Magor Bio Fuel Limited (D1) Babcock Borsig Limited (BBL)
 (upto 28th March 2012)
 
 9. In connection with an overseas acquisition of a subsidiary in 2005,
 the Income Tax authority had raised a demand of Rs.5278 lakhs during
 the year 2009-10 on the Company on account of alleged non-deduction of
 tax at source and interest thereon pertaining to the transaction. The
 Company has challenged the said demand before the appropriate
 authorities and the matter is pending. Further, the Company has
 obtained a stay against the said demand from the Hon''ble High Court of
 Calcutta. The Company has deposited Rs. 700.00 lakhs (31st March 2011 –
 Rs. Nil) during the year with Income Tax Authority under protest (Refer
 Note 19). In any event, as per the related Share Purchase Agreement,
 Capital Gain tax or other tax, if any, relating to sale of shares etc.
 is to be borne by the seller and not the Company.
 
 10. Intangible Assets under Development
 
 This represents Computer Software (acquired) which is under
 development.
 
 11. Salaries and Wages excludes Rs. 1080.81 lakhs (31st March 2011 -
 Rs. 1003.02 lakhs) and Stores and Spares consumed excludes Rs. 2532.97
 lakhs (31st March 2011 - Rs. 2396.75 lakhs) debited to other accounts.
 
 12.  Items of Expenditure in the Profit and Loss Statement include
 reimbursements to and by the Company.
 
 13.  Exceptional Items comprise provision for diminution in carrying
 amount other than temporary Rs. 1500 lakhs (2010-11 – Rs.  Nil) of long
 – term investments in respect of an associate of the Company and profit
 on disposal of investments Rs. 118.03 lakhs (2010-11 – Rs. Nil) in
 respect of another associate.
 
 14.  The financial statements for the year ended 31st March, 2011 had
 been prepared as per the then applicable, pre-revised Schedule VI to
 the Companies Act, 1956. Consequent to the notification of Revised
 Schedule VI under the Companies Act, 1956, the financial statements for
 the year ended 31st March, 2012 are prepared as per Revised Schedule
 VI. Accordingly, the previous year figures have also been reclassified
 to conform to this year''s classification.
 
 a) The above Cash Flow Statement has been prepared under the indirect
 method as set out in the Accounting Standard 3 on Cash Flow Statement
 prescribed under the Companies Act, 1956.
 
 b) Also refer Note 53 to the Financial Statements.
 
 c) Notes referred to above form an integral part of the Cash Flow
 Statement.