Dhunseri Ventures Limited — Capital/Financing Update 2021

Dec 16, 2021

	Balijan North Tea Estate, A UnitofMis. Warren
nameofthe target entity, details in brief such as	Tea Limited having its Registered Office at
size, turnover etc	DeohallTeaEstate,P.O.Hoogrijan,
	District: Tinsukia, Assam 786601
	Size:
	Grant AreaArea under Plantation
	1159.64 Hectares780.13Hectares
	Turnover:
	For year ending March 31, 2021 Rs21.36Crores
whether the acquisition would fall within related	1.Mr. Vivek Goenka is an Independent Director
party transaction(s) and whether the promoter/	ofthe Company and a Promoter Shareholder
promoter group/ group companies have any	ofMis. Warren Tea Limited.
interest in the entity being acquired?Ifyes, natureofinterest and details thereof and whether thesame is done at"armslength";	11.The said transaction is at "arms length".iii.The promoter/ promoter group/ groupcompanies does not have any interest in the
	estate being acquired.
objects and effectsofacquisition	To enhance production, turnover and profitability

brief detailsofany governmental or regulatory	NIL	NIL
approvals required for the acquisition
indicative time period for completionofthe	31stMarch, 2022
acquisition
natureofconsideration-whether cash	Cash consideration
consideration or share swap and detailsofthe
same
costofacquisition or the price at which the shares	1.	Rs. 27 crore subject to necessary due diligence
are acquired		to be carried out by the Company.
	11.	The necessary effect shall be given		arising out
		ofnet current assets/liabilities		as on the
		business closing	hoursof31st	December,
		2021.
percentageofshareholding / control acquired and	Not applicable
/ or numberofshares acquired;
	NameofUnit- Balijan		North Tea Estate
brief background about the entity acquired in
termsofproducts/lineofbusiness acquired, date	Area-
ofincorporation, historyoflast3yearsturnover,
country in which the acquired entity has presence	Grant Area		Area under Plantation
and any other significant information (in brief);
		1159.64 Hectares	780.13 Hectares
	lineofbusiness- Black Tea Manufacturing
		( CTC	& Orthodoxgrades)
	Turnoveroflast three		years-
		FY 2020-21	Rs 21.36 Crores
		FY 2019-20	Rs 28.83Crores
		FY 2018-19	Rs24.71Crores
	Country- India