Dhunseri Ventures Limited — M&A Activity 2019

Apr 23, 2019

CIN : L15500WB1997PLC085661 Registered Office : Dhunseri House, 4A. Woodburn Park, Kolkoto 700020

Ref.No.DTILll 08/20 191 23.04.2019

BSE Limited, Phiroze-J eejeebhoy Towers, Dalal Street, Mumbai-400 001 Scrip Code: 538902

National Stock Exchange of India Ltd., Exchange Plaza"C-l, Block G, 5 th Floor Bandra KurlaComplex, Bandra (E), Mumbai-400051 Symbol DTIL

Dear Sirs,

Sub: DHUNSERI TEA & INDUSTRIES LIMITED ANNOUNCES ENTERING INTO A POTENTIAL SALE OF ITS BRANDED BIUSINESS TO TATA GLOBAL BEVERAGES LIMITED

This is to inform you that pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 it has been decided at the 90th Board Meeting of the Company held on date, to enter into a non-binding term sheet to sell its branded tea business presently undertaken under the brands "LALGHORA' and "KALAGHORA" for an aggregate consideration of Rs.l 0 1 crore.

The proposed sale shall be subject to due-diligence by the buyer including definitive binding agreements and applicable statutory 1regulatory approvals.

The meeting commenced at 2.00 p.m.and concluded at around 4.30 p.m.

Thanking you,

Yours faithfully, For DHUNSERI TEA & INDUSTRIES LTD.

Ph. : +91 3322801950 (Five Lines) Fax: +91 3322878350/9274 Email: mail@dhunseritea.com, Website: www.dhunseritea.com -: 7',