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Notes to Accounts of Dhunseri Investments Ltd.

Mar 31, 2018

COMPANY OVERVIEW

Dhunseri Investments Limited having its Registered Office at “Dhunseri House”, 4A Woodburn Park, Kolkata - 700020 carries on the business of Investing in Shares and Securities and is registered as a Non-Banking Financial Company with the Reserve Bank of India, having registration no. N.05.06909 dated 15th July, 2011. The Company has given Tea Packeting Factory at SP 534 (A), RIICO Industrial Area, Sitapura, Jaipur (Rajasthan) on long term lease to Dhunseri Tea & Industries Ltd, a Group Company.

(b) During the period of five years immediately preceding the date of the Balance Sheet, the Company has alloted on 31.08.2015, 6,25,000 Equity Shares of Rs. 10/- each fully paid up to the Shareholders of Plenty Valley Intra Limited (PVIL), pursuant to the scheme of arrangement sanctioned by the Hon''ble High Court at Calcutta by an order dated 29.07.2015, without payment being received in cash. As per the scheme 3,83,270 equity shares of the Company held by PVIL aggregating to Rs. 38,32,700/- have been extinguished.

(c) Terms / Rights attached to Equity Shares

The Company has one class of Equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share held and dividend proposed by the Board of Directors 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 distribution of all preferential amounts, in proportion to their shareholding.

(f) The Company does not have any Holding or Ultimate Holding Company.

(g) No calls are unpaid by any Director or Officer of the Company during the year.

(h) No securities convertible into Equity/Preference Shares have been issued during the year.

(i) The Board of Directors in its meeting on May 25, 2018 has proposed a final dividend of Rs. 1.50 per equity share for the financial year ended March 31, 2018 subject to the approval of the shareholders at the ensuing Annual General Meeting and if approved would result in a cash outflow of Rs. 91.46 Lakhs.

For Dividend Distribution Tax, relief u/s 115-O(1A) of the Income Tax Act, 1961 has been considered.

Note 1 The Company has not received any memorandum (as required to be filed by the supplier with the notified authority under the Micro, Small and Medium Enterprises Development Act, 2006) claiming their status as micro, small or medium enterprises. Consequently the amount paid/payable to these parties during the year - Nil.

Note 2 The Company is primarily engaged in the business of Investment in Shares and Securities and as such no separate information is required to be furnished in terms of Accounting Standard - 17, Segment Reporting prescribed under Section 133 of the Companies Act, 2013.

Note 3 EMPLOYEE BENEFIT OBLIGATION

a. Defined Contribution Plans:

Contribution for Defined Contribution Plan amounting to Rs. 1.66 Lakhs (Previous year Rs. 1.50 Lakhs) has been recognised as expenses and included in Note 19 “Contribution to Provident and Other Funds” in the Statement of Profit & Loss.

b. Defined Benefit Plans:

Reconciliation of opening and closing balances of Defined Benefit Obligation :

The present value of obligation for gratuity is determined based on actuarial valuation using the Projected Unit Credit Method. The estimates of future salary increase, considered in actuarial valuation, taken into account inflation, seniority, promotion and other relevant factors including supply & demand in the employment market.

The above information is certified by the actuary.

Note 4

a. The Management decided not to recognize decline in Market Value of certain Strategic Investments, if any, at year end which is not a permanent decline.

b. The Company has earned Profit / (Loss) on account of sale of investments as below :

Note 5 The Company has not recognised MAT Credit Receivable in the Books as there is no covincing evidence to support that normal income tax liability will arise within the specified period of MAT Credit.

Note 6 ASSET QUALITY (MOVEMENT IN NPAS)

The Company is not having any Non Performing Asset for Loans and Advances in the books as on 31st March, 2018.

Note 7 DETAILS OF EXPOSURE TO REAL ESTATE

The Company has not made any direct and indirect exposure to Real Estate in 2017-18.

Note 8 CAPITAL COMMITMENT

Capital Commitment net of Advances - NIL, (Previous Year - Nil)

Note 9

No Penalty has been imposed by any of the regulator on the Company during the year.

Note 10

Previous year''s figures have been re-grouped and re-arranged wherever considered necessary.


Mar 31, 2016

1. Amalgamation of Plenty Valley Intra Limited with the Company

Pursuant to the Scheme of Amalgamation approved by the shareholders and sanctioned by the Hon''ble High Court at Calcutta on 29th July, 2015, 625.000 Equity Shares of Rs. 10/- each fully paid up and ranking pari-passu with the existing Equity Shares were pending to be issued by the Company to the ordinary shareholders of Plenty Valley Intra Limited (PVIL) in the ratio of 1 (one) Equity Share of Rs. 10/- each of the Company for every 8 (eight) Equity Share of Rs. 10/- each fully paid-up held in PVIL and was shown under Share Capital Suspense. Such Shares has been allotted to the Ordinary Shareholders of PVIL.

2. Based on information from vendors / service providers regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 disclosures as required under section 22 of the said act are as follows :

a. The Principal amount and the interest due thereon remaining unpaid to any supplier as at 31.03.2016 is Nil (Previous Year Nil);

b. No interest was paid by the company in terms of section 16 of MSMED Act during the year;

c. There was no interest for delay in making payment beyond the appointed day;

d. There is no interest accrued and remaining unpaid beyond the appointed day;

e. No interest is remaining due and payable even in the succeeding year, until such date when the interest dues as above are actually paid to Micro, Small and Medium Enterprises for the purpose of disallowance as a deductible expenditure under section 23 of the aforesaid Act.

3. Mat Credit of Earlier Years amounting to Rs. 631.35 Lakhs has been recognized in books in the current year which has been shown by way of adjustment in General Reserve.

4. Related Party disclosure under Accounting Standard - 18

Name and nature of relationship with the Related Parties:

Related Parties

Relationship

Dhunseri Tea & Industries Ltd.

Associate Company

Dhunseri Petrochem Ltd.

Associate Company

Mint Investments Ltd.

Group Company

Naga Dhunseri Group Ltd.

Group Company

Trimplex Investments Ltd.

Group Company

Sewbhagwan & Sons

Firm over which directors are able to exercise significant influence

Mr. Chandra Kumar Dhanuka

Relative of Key Management Personnel

Mrs. Aruna Dhanuka (Managing Director w.e.f. 27.05.2016)

Key Management Personnel

Mr. Mrigank Dhanuka (Managing Director upto 26.05.2016)

Key Management Personnel

Mr. Pawan Kumar Lath (Chief Financial Officer)

Key Management Personnel

Ms. Aditi Dhanuka (Company Secretary)

Key Management Personnel

5. Employee Benefit Obligation

a. Defined Contribution Plans

Contribution for Defined Contribution Plan amounting to Rs. 1.48 Lacs (previous year Rs. 2.90 Lacs) has been recognized as expenses and included in Note 20 "Contribution to Provident and Other Funds" in the Statement of Profit & Loss.

b. Defined Benefit Plans

Reconciliation of opening and closing balances of Defined Benefit obligation:

The present value of obligation for gratuity is determined based on actuarial valuation using the Projected Unit Credit Method. The estimates of future salary increase, considered in actuarial valuation, taken into account inflation, seniority, promotion.

The above information is certified by the actuary.

6. a. Recognition in respect to fall in market price of certain quoted investments has not been done since these are long term strategic investments and decline in the market prices at year end do not represent permanent dimunition in value of investments.

7. Movement in Provisions held towards depreciation on Investments

The Company has made Provision for Diminution in the Value of Investment in Shares of Tectura Corporation for Rs. 75.74 Lacs in the Year 2014-2015.

There is no further movement in provision and it is held at Rs. 75.74 Lacs as on 31st March, 2016.

8. Asset Quality (Movement in NPAs)

The Company is not having any Non Performing Asset for Loans and Advances in the books as on 31st March,2016.

9. Details of Exposure to Real Estate

The Company has not made any direct and indirect exposure to Real Estate in 2015-16.

10. Capital Commitment

Capital Commitment net of Advances NIL, (Previous Year - Nil).

11. No Penalty has been imposed by any of the regulator on the company during the year.

12. Previous year''s figures have been re-grouped and re-arranged wherever considered necessary.


Mar 31, 2015

1. COMPANY OVERVIEW

Dhunseri Investments Limited having its Registered Office at "Dhunseri House", 4A Woodburn Park, Kolkata - 700 020 carries on the business of Investing in Shares and Securities and is registered as a Non-Banking Financial Company with the Reserve Bank of India vide registration No. N.05.06909 dated 15th July, 2011. As per Scheme of Amalgmation sanctioned by Hon'ble High Court at Calcutta vide order dated 29th July, 2015, the Assets and Liabilities of Plenty Valley Intra Limited, a NBFC company as at the appointed date 01.04.2014 stood transferred to the Company.

The Company was also carrying on the business of Tea Packeting at SP 534 (A), RIICO Industrial Area, Sitapura, Jaipur (Rajasthan) till 31st December, 2014 which has been given on long term lease to Dhunseri Tea & Industries Limited, a group company w.e.f 1st, January 2015.

(b) During the period of five years immediately preceeding the date of the Balance Sheet, the Company has alloted on 21.10.2010, 58,55,448 Equity Shares of Rs. 10/- each fully paid up to the Shareholders of Dhunseri Tea & Industries Limited (then known as Dhunseri Petrochem & Tea Limited-DPTL), pursuant to the scheme of arrangement sanctioned by the Hon'ble High Court at Calcutta by an order dated 06.05.2010, without payment being received in cash. As per the scheme 50,000 equity shares of the Company held by DPTL agggregating to Rs. 5,00,000/- have been extinguished.

2. Terms / Rights attached to Equity Shares

The company has one class of Equity Shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share held and dividend proposed by the Board of Directors 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 distribution of all preferential amounts, in proportion to their shareholding.

(f) The Company does not have any Holding or Ultimate Holding Company.

(g) No calls are unpaid by any Director or Officer of the Company during the year.

(h) No securities convertible into Equity/Preference Shares have been issued during the year.

3. Amalgamation of Plenty Valley Intra Limited with the Company

a. Pursuant to the Scheme of Amalgamation approved by the shareholders and sanctioned by the Hon'ble High Court at Calcutta on 29th July, 2015, all the Assets and Liabilities of Plenty Valley Intra Limited (PVIL), the Transferor Company, engaged in the business of dealing in shares and securities were transferred to and vested in the Company as a going concern with effect from 1st April, 2014 the Appointed Date and accordingly the Scheme has been given effect to in these accounts. According to the said Scheme, with effect from the Appointed Date, PVIL has carried out all their business and activities in trust for the Company till the Scheme becomes effective. Accordingly, previous year figures are not comparable with current year figures.

b. Pursuant to the scheme

i. All Assets and Liabilities of PVIL as on the date immediately preceding the 'Appointed Date' have been incorporated in the books of the Company at their respective book value.

ii. Equity Shares of the Transferee Company (Dhunseri Investments Ltd.) held by the Transferor Company (PVIL) has been cancelled and reduced from Issued, Subscribed and Paid up share capital and difference of cost price and paid up value has been reduced from General Reserve.

iii. In accordance with the Scheme 6,25,000 Equity Shares of Rs. 10/- each fully paid up and ranking pari-passu with the existing Equity Shares are to be issued by the Company to the Equity Shareholders of PVIL in the ratio of 1 (one) Equity Share of Rs. 10/- each of the Company for every 8 (eight) Equity Shares of Rs. 10/- each fully paid-up held in PVIL and is shown under Share Capital Suspense.

iv. The difference of Net Assets of Transferor Company as at the Appointed Date and shares to be issued to shareholders of Transferor Company by Dhunseri Investments Limited transferee Company is transferred to General Reserve.

c. The accounting treatment as set out in the aforesaid Scheme is in keeping with the Pooling of Interest method as per the Accounting Standard (AS) 14 prescribed under the Act.

d. Pending completion of the relevant formalities of transfer of certain Assets and Liabilities acquired pursuant to the Scheme as mentioned above, such Assets and Liabilities remain included in the books of the Company in the name of the Transferor Company.

4. The Company was carrying tea packeting work for Dhunseri Tea & Industries Limited till 31.12.2014 at factory premises situated at SP 534 (A), RIICO Industrial Area Sitapura Jaipur (Rajasthan). The company instead of doing tea packeting work, has leased out factory premises and plant and machineries to Dhunseri Tea & Industries Limited w.e.f. 1st January, 2015 and lease rent is shown in Other Operating Income.

5. The Company has charged depreciation based on revised remaining useful lives of the assets as per the requirements of Schedule - II of the Companies Act, 2013 effective from 1st April, 2014. Due to this depreciation charge for the year ended 31st March, 2015 is lower by Rs. 3.25 Lac. Further, based on transitional provisions, provided in note no. 7 (b) of Schedule - II of the Companies Act, 2013 read with notification no. 456 dated 29th August, 2014, an amount of Rs. 29.83 Lac and deferred tax liability thereon of Rs. 9.67 Lac has been adjusted against Retained Earnings (Net Rs.20.16 Lacs).

6. Based on information from vendors / service providers regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 disclosures as required under section 22 of the said act are as follows :

a. The Principal amount and the interest due thereon remaining unpaid to any supplier as at 31.03.2015 is Nil (Previous Year Nil);

b. No interest was paid by the company in terms of section 16 of MSMED Act during the year;

c. No interest was paid for delay in making payment beyond the appointed day;

d. No interest accrued and remaining unpaid beyond the appointed day;

e. No interest is remaining due and payable even in the succeeding year, until such date when the interest dues as above are actually paid to Micro, Small and Medium Enterprises for the purpose of disallowance as a deductible expenditure under section 23 of the aforesaid Act.

7. Related Party disclosure under Accounting Standard - 18

Name and nature of relationship with the Related Parties :

Related Parties Relationship

Dhunseri Petrochem Ltd. (Formerly : Dhunseri Petrochem & Tea Ltd.) Associate Company

Dhunseri Tea & Industries Ltd. (Formerly : Dhunseri Petrochem & Tea Ltd. - Tea Division) Associate Company

Mint Investments Ltd. Group Company

Madhuting Tea Pvt. Ltd. Group Company

Naga Dhunseri Group Ltd. Group Company

Trimplex Investments Ltd. Group Company

Sewbhagwan & Sons Firm over which directors are abl to exercise significant influence

Mr. Chandra Kumar Dhanuka (Managing Director upto 08.09.2014) Key Management Personnel

Mrs. Aruna Dhanuka Relative of Key Management Personnel

Mr. Mrigank Dhanuka (Managing Director Key Management Personnel w.e.f. 09.09.2014)

Mr. Pawan Kumar Lath (Chief Financial Officer Key Management Personnel w.e.f. 01.10.2014)

Mr. R. Mahadevan (Company Secretary Key Management Personnel upto 08.09.2014)

Ms. Aditi Dhanuka (Company Secretary Key Management Personnel w.e.f. 09.09.2014)

The Company has disclosed business segment, as primary segment. Segments have been identified and reported taking into account the nature of business. The main business segment is Investments in shares and securities.

8. The Provisions of Section 135 of the Companies Act, 2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014 relating to Corporate Social Responsibility (CSR) will be applicable to the company when the accounts for the Financial Year 2014 - 15 will be approved by the shareholders at the ensuing Annual General Meeting. The Company will implement CSR activities for the Financial Year 2015 - 16 commencing 1st April, 2015.

9. Employee Benefit Obligation

a. Defined Contribution Plans

Contribution for Defined Contribution Plan amounting to Rs. 2.90 Lacs (previous year Rs.3.13 Lacs) has been recognised as expenses and included in Note 20 "Contribution to Provident and Other Funds" in the Statement of Profit & Loss.

b. Defined Benefit Plans

Reconciliation of opening and closing balances of Defined Benefit obligation :

The present value of obligation for gratuity is determined based on actuarial valuation using the Projected Unit Credit Method. The estimates of future salary increase, considered in actuarial valuation, take into account inflation, seniority, promotion.

The above information is certified by the actuary.

10. a. Recognition in respect to fall in market price of certain quoted investments has not been done since these are long term strategic investments and decline in the market prices at year end do not represent permanent dimunition in vaue of investments.

11. Information pursuant to the provision of Part II of Schedule III of the Companies Act, 2013.

12. Information required by the Non-Banking Financial Companies (Reserve Bank) Directions, 1977

13. Movement in Provisions held towards depreciation on Investments

The Company has made Provision for Dimunition in the Value of Investment in Shares of Tectura Corporation for Rs. 75.74 Lacs as on 31st March, 2015.

14. Asset Quality (Movement in NPAs)

The Company is not having any Non Performing Asset for Loans and Advances in the books as on 31st March, 2015.

15. Details of Exposure to Real Estate

The Company has not made any direct and indirect exposure to Real Estate in 2014-15.

16. Capital Commitment

Capital Commitment net of Advances NIL, (Previous Year - Nil).

17. No Penalty has been imposed by any of the regulator on the company during the year.

18. Previous year's figures have been re-grouped and re-arranged wherever considered necessary.


Mar 31, 2014

1. Movement in Provisions held towards depreciation on investments

The Company is not holding any investment of such nature for which provision towards depreciation is to be maintained as on 31 st March, 2014.

2. Asset Quality (Movement in NPAs)

The Company is not having any NPA''s in the books as on 31st March, 2014.

3. Details of exposure to real estate

The Company has not made any direct and indirect exposure to real estate in 2013-14.

4. Capital Commitment

Capital Commitment net of advances NIL, (Previous year-Rs. 50 Lacs).

5. Based on information from vendors / service providers regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 disclosures as required :

a) The Principal amount and the interest due thereon remaining unpaid to any supplier as at 31.03.2014 is Rs. Nil (Previous Year Rs. Nil);

b) No interest was paid by the Company in terms of Section 16 of MSMED Act during the year;

c) There was no interest for delay in making payment beyond the appointed day;

d) There is no interest accrued and remaining unpaid beyond the appointed day;

e) No interest is remaining due and payable even in the succeeding year, until such date when the interest dues as above are actually paid to Micro, Small and Medium Enterprises for the purpose of disallowance as a deductible expenditure under Section 23 of the aforesaid Act.

a) The Company has disclosed business segment, as primary segment. Segments have been identified and reported taking into account the nature of business. The main business segment are 1) Investments in shares and securities 2) Other business segment consists of Tea Packeting.

b) Segment Revenue, Results, Assets and Liabilities include the respective amounts identifiable to each of the segment and amount allocated on a reasonable basis.

6. Employee Benefit Obligation

a) Defined Contribution Plans :

Contribution for Defined Contribution Plan amounting to Rs. 3.13 Lacs ( Previous year Rs. 3.23 Lacs) has been recognised as expenses and included in Note 19 "Contribution to Provident and Other Funds" in the Statement of Profit & Loss.

7. Previous year''s figures have been re-grouped and re-arranged wherever considered necessary.


Mar 31, 2013

1. Movement in Provisions held towards depreciation on investments

The Company is not holding any investment of such nature for which provision towards depreciation is to be maintained as on 31 st March, 2013.

2. Asset Quality (Movement in NPAs)

The Company is not having any NPA''s in the books as on 31st March, 2013.

3. Details of exposure to real estate

The Company has not made any direct and indirect exposure to real estate in 2012-13.

4. Capital Commitment

Capital Commitment net of advances Rs. 50 Lac (Previous year-Rs. Nil).

In respect of Company''s investment in M/s. Tectura Corporation, USA, the Company has received consideration of US$ 80,000 i.e. Rs. 44.30 Lacs against the sale of 42,369 number of shares.

5. Based on information from vendors / service providers regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 disclosures as required under Section 22 of the said act are as follows :

a) The Principal amount and the interest due thereon remaining unpaid to any supplier as at 31.03.2013 is Rs. Nil (Previous Year Rs. Nil);

b) No interest was paid by the Company in terms of Section 16 of MSMED Act during the year;

c) There was no interest for delay in making payment beyond the appointed day;

d) There is no interest accrued and remaining unpaid beyond the appointed day;

e) No interest is remaining due and payable even in the succeeding year, until such date when the interest dues as above are actually paid to Micro, Small and Medium Enterprises for the purpose of disallowance as a deductible expenditure under Section 23 of the aforesaid Act.

a) The Company has disclosed business segment, as primary segment. Segments have been identified and reported taking into account the nature of business. The main business segment are 1) Investments in shares and securities 2) Other business segment consists of Tea Packeting.

b) Segment Revenue, Results, Assets and Liabilities include the respective amounts identifiable to each of the segment and amount allocated on a reasonable basis.

6. Employee Benefit Obligation

a) Defined Contribution Plans :

Contribution for Defined Contribution Plan amounting to Rs. 3.23 Lacs ( Previous year Rs. 2.40 Lacs) has been recognised as expenses and included in Note 20 "Contribution to Provident and Other Funds" in the Statement of Profit & Loss.

7. Previous year''s figures have been re-grouped and re-arranged wherever considered necessary.


Mar 31, 2012

A) The Company has entered into an agreement with Dhunseri Petrochem and Tea Limited w.e.f. 01.07.2010 for packeting of Teas on their behalf.

b) Based on information from vendors / service providers regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 disclosures as required under Section 22 of the said Act are as follows :

i) The principal amount and the interest due thereon remaining unpaid to any supplier as at 31.03.2012 is Nil (Previous Year Nil);

ii) No interest was paid by the Company in terms of Section 16 of MSMED Act during the year;

iii) There was no interest for delay in making payment beyond the appointed day;

iv) There is no interest accrued and remaining unpaid beyond the appointed day;

v) No interest is remaining due and payable even in the succeeding year, until such date when the interest dues as above are actually paid to Micro, Small and Medium Enterprises for the purpose of disallowance as a deductible expenditure under Section 23 of the aforesaid Act.

i) The Company has disclosed business segment, as primary segment. Segments have been identified and reported taking into account the nature of business. The main business segment are 1) Investments in shares and securities

1) Other business segment consists of Tea Packeting.

ii) Segment Revenue, Results, Assets and Liabilities include the respective amounts identifiable to each of the segment and amount allocated on a reasonable basis.

c) Employee Benefit Obligation

i) Defined Contribution Plans :

Contribution for Defined Contribution Plan amounting to Rs. 2.40 Lacs (Previous year Rs.1.42 Lacs) has been recognised as expenses and included in Note 2.18 "Contribution to Provident and Other Funds" in the Statement of Profit & Loss.

The present value of obligation for gratuity is determined based on actuarial valuation using the Projected Unit Credit Method. The estimates of future salary increase, considered in actuarial valuation, take into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market.

The above information is certified by the actuary.

d) i) Recognition in respect to fall in market price of certain quoted investments has not been done since these are long term strategic investments and decline in the market prices at year end do not represent permanent dimunition in vaue of investments.

e) Previous year's figures have been re-grouped and re-arranged wherever considered necessary.


Mar 31, 2011

I) In accordance with the Scheme of Arrangement approved by the Shareholders and sanctioned by the Hon'ble High Court at Calcutta vide its order dated 6th May 2010 :

a) 58,55,448 Shares ofRs. 10/- each fully paid up and ranking pari passu with existing Equity Shares have been issued by the Company to the Equity Share holders of Dhunseri Tea & Industries Ltd. now Dhunseri Petrochem & Tea Ltd. ( DPTL ) in the ratio of 1 Equity Share of Rs.10/- each fully paid up of the Company for every 2 Equity Shares of Rs. 10/- each fully paid up held by them in the capital of DPTL on 21.07.2010.

b) All existing shares held by DPTL in Dhunseri Investments Limited (Formerly DI Marketing Limited) i.e. 50,000 Equity Shares ofRs. 10/- each stood cancelled without any further act or deed on 21st July ,2010.

c ) DPTL carried on the business in trust till the scheme of arrangement was approved. Accordingly, DPTL carried on the transactions of Investment in Shares in their own name till 30.06.2010.

ii ) The company has entered into an agreement with Dhunseri Petrochem and Tea Limited w.e.f 01.07.2010 for packeting of Teas on their behalf. Hence all expenses related to Jaipur Packet factory has been borne by DPTL till 30.06.2010.

iii) The company has applied to Reserve Bank of India for registration as a Non Banking Financial Company and the approval is awaited.

iv) The Shares of the Company have been listed on Bombay Stock Exchange and National Stock Exchange with effect from 18th March, 2011.

v) Based on information from vendors / service providers regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 disclosures as required under Section 22 of the said act are as follows:

a. The Principal amount and the interest due thereon remaining unpaid to any supplier as at 31.03.2011 is Nil (Previous Year Nil);

b. No interest was paid by the company in terms of Section 16 of MSMED Act during the year;

c. There was no interest for delay in making payment beyond the appointed day;

d. There is no interest accrued and remaining unpaid beyond the appointed day;

e. No interest is remaining due and payable even in the succeeding year, until such date when the interest dues as above are actually paid to Micro, Small and Medium Enterprises for the purpose of disallowance as a deductible expenditure under Section 23 of the aforesaid Act.

vi) The major components of the Deferred Tax Assets / Liabilities based on the tax effect of timing differences, as at 31 March, 2011 are as under :

vii) Related Party disclosure under Accounting Standard - 18 Name and nature of relationship of the Related Parties :

Related Party Relationship

Dhunseri Petrochem and Tea Ltd. Associate / Group Company

Dhunseri Services Ltd. Associate / Group Company

Mint Investments Ltd. Associate / Group Company

Sewbhagwan & Sons Firm in which two Directors are Partners

Chandra Kumar Dhanuka Key Managerial Personnel

Aruna Dhanuka Key Managerial Personnel

Mrigank Dhanuka Key Managerial Personnel

a. The Company has disclosed business segment, as primary segment. Segments have been identified and reported taking into account the nature of business. The main business segment are : 1) Investments in shares and securities 2) Other business segment consists of Tea Packeting.

b. Segment Revenue, Results, Assets and Liabilities include the respective amounts identifiable to each of the segment and amount allocated on a reasonable basis.

c. Previous year figures have not been given segmentwise as there was single segment. i.e. Investment in Shares & Securities.

x) Employee Benefit Obligation

A Defined Contribution Plans

Contribution for Defined Contribution Plan amounting to Rs.1.42 Lacs (previous year Rs. Nil) has been recognised as expenses and included in Schedule 10 "Contribution to Provident and Other Funds" in the Profit & Loss Account.

xi) a ) Recognition in respect to fall in market price of certain quoted investments has not been done since these are long term strategic investments and decline in the market prices at year end do not represent permanent dimunition in value of investments.

xiv) Previous year's figures have been re-grouped and re-arranged wherever considered necessary.


Mar 31, 2010

I. The name of the Company has been changed from Dl Marketing Limited to Dhunseri Investments Limited w.e.f. 16.07.2010 after receipt of fresh certificate of Incorporation consequent on change of name from the Registrar of Companies, West Bengal.

ii. Transfer of Demerged Undertaking of Jaipur Packet Factory and Investment Division of Dhunseri Tea & Industries Limited (DTIL) (now Dhunseri Petrochem and Tea Limited) to Dhunseri Investments Limited (Formerly Dl Marketing Limited)(DIML) :

a) Pursuant to Scheme of Arrangement (the Scheme) approved by the Shareholders and sanctioned by the Honble High Court of Calcutta vide its order dated 6th May, 2010, Jaipur Packet Factory and Investment division of DTIL has been transferred to DIML with effect from 1st April, 2009 (the Appointed Date) and accordingly the Scheme has been given effect to in these accounts.

b) In accordance with the Scheme, 5,855,448 Equity Shares of Rs. 10/- each fully paid up and ranking pari passu with existing Equity Shares have been issued by the DIML to the equity shareholders of DTIL in the ratio of 1 (One) Equity Share of Rs. 10/-each fully paid up of DIML for every 2 (Two) Equity Shares of Rs. 10/-each fully paid up held by them in the capital of DTIL on 21.07.2010.

c) All existing shares held by DTIL in Dhunseri Investments Limited ( Formerly Dl Marketing Limited) i.e. 50,000 Equity Shares of Rs. 10/- each stands cancelled without any further act or deed on 21st July, 2010.

e ) As per the scheme of arrangement, Dhunseri Tea and Industries Limited (now Dhunseri Petrochem and Tea Limited) carried on the business in trust till the scheme of arrangement is approved. Accordingly, Dhunseri Tea and Industries Limited carried on the transactions of Investment in Shares in their own name from 01.04.2009, which have been transferred to the company on or before 17th July 2010.

f) Land situated at Jaipur which is transferred to the company alongwith Building, Plant and Machinery and Net Current Assets, as per Scheme of arrangement is yet to be registered in the name of the company.

g) The company has entered into an agreement with Dhunseri Petrochem and Tea Limited w.e.f 01.07.2010 for packeting of Teas on their behalf. Till such time, Dhunseri Petrochem and Tea Limited, has reimburesd all the expenditure incurred for packeting of teas.

iii) The company is in the process of getting it registered as Non Banking Financial Company with Reserve Bank of India.

iv) The company has increased the authorized capital from Rs. 20.00 Lac to Rs. 590.54 Lac divided into 59,05,448 Equity Shares of Rs.10/- each and necessary form have been filed with the Registrar of Companies, West Bengal.

v) The company is in the process of listing of its shares in Bombay Stock Exchange and National Stock Exchange.

vi) Based on information from vendors / service providers regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 and disclosers as required under Section 22 of the said act are as follows:

a. The Principal amount and the interest due thereon remaining unpaid to any supplier as at 31.03.2010 is Nil (Previous Year Nil);

b. No interest was paid by the company in terms of Section 16 of MSMED Act during the year;

c. There was no interest for delay in making payment beyond the appointed day ;

d. There is no interest accrued and remaining unpaid beyond the appointed day ;

e. No interest is remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to Micro, Small and Medium Enterprises for the purpose of disallowance as a deductible expenditure under Section 23 of the aforesaid Act.

vii) The Company is engaged mainly in the business of Trading and Investment in Shares Hence, there is no other

reportable segment as per AS - 17 on "Segment Reporting" as issued by ICAI.

viii) Figures have been rounded off in thousands.

ix) Previous Years figures have been re-grouped / re-arranged wherever considered necessary.

x) Schedule to the Balance Sheet of a non-deposit taking Non-Banking Financial Company (as required in terms of Paragraph 13 of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007.

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