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.