(Rs. in 000''s)
 
 1 Revaluation of all Plantation Assets excluding depreciable Assets was
 conducted in 2001-02 by approved Valuers appointed by the Company. In
 evaluating such Assets, the Valuers carried out physical inspection,
 verification and analysis of plantation areas and valued the same on a
 conservative basis. The resultant incremental amount of Rs. 362743 was
 incorporated in the Accounts as on 31st March, 2002 and credited to the
 Revaluation Reserve Account.
 
 2 Pursuant to an Agreement dated 8th October, 2002, Tippuk Tea Estate
 located in Doom Dooma sub-district in Assam was acquired by the Company
 as a going concern with effect from 1st October, 2002 and possession
 and operations have been taken over by the Company effective from the
 same date. Conclusion of the Deed of Conveyance is in process.
 
 (b) Balance of Excise Duty Relief Right has been amortised during the
 year.
 
 3 Issued, Subscribed and Paid-up Capital both for current and previous
 year includes :
 
 (a) 5419153 Equity Shares of Rs.10/- each allotted as fully paid-up for
 consideration otherwise than in cash at par in terms of the Schemes of
 Arrangements for Amalgamation.
 
 (b) 4550070 Equity Shares of Rs.10/- each allotted as fully paid-up Bonus
 Shares by capitalisation of General Reserve.
 
 (c) Number of Equity Shares held by Warren Tea Holdings Limited, UK
 (Holding Company upto February, 2011) - Nil ; (Previous Year - 5730386)
 
 4 Under the Assam Fixation of Ceiling of Land Holding Act, 1956,
 undeveloped lands, approximately 3745 (Previous Year - 3745) hectares
 have been vested in the State Government. Necessary adjustments in
 respect of land compensation will be made in the accounts on settlement
 of the same.
 
 5 Contingent Liabilities
 
 (a) Claims not acknowledgedasdebts              2050      2224
 
 (b) Sales Tax Demandsindispute (under Appeals)  24906    21949
 
 (c) Agricultural Income Tax Demandsindispute   283872       - 
 (under Appeals /pending before Gauhati High 
 Court)
 
 6 Post Employment Defined Benefit Plans
 
 The Company operates defined Benefit Schemes like Gratuity,
 Superannuation, Pension and Additional Retiral Benefit Plans based on
 current salaries in accordance with the Rules of the Funds/Plans.
 
 In terms of Accounting Policies enumerated in Note 24 the following
 Table sets forth the particulars in respect of Defined Benefit Plans of
 the Company for the year ended 31st March, 2011 arising out of
 actuarial valuations:
 
 7 Segment Reporting
 
 (i) Business Segments have been considered as Primary Segment for
 disclosure. The integrated process of growing, harvesting,
 manufacturing and sale of Black Tea and Travel related activities are
 denoted as Tea and Travels respectively which comprise Reportable
 Business Segments in accordance with the Accounting Standard - 17.
 
 (ii) Geographical Segments have been considered for disclosure as the
 Secondary Reporting Segment based on Sales in domestic markets and
 Exports.
 
 8 Previous year''s figures have been regrouped or rearranged, wherever
 necessary.