Warren Tea Ltd. — Capital/Financing Update 2019

Dec 20, 2019

Warren Tea Limited ,~

The General Manager, Department of Corporate Services, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Scrip Code 508494

The Secretary The Calcutta Stock Exchange Limited, 7 Lyons Range, Kolkata 700001 - Scrip Code 33002

Execution of Memorandum of Understanding for proposed disposal of a Tea Estate of the Company

This has reference to our letter dated 13[th] December, 2019 whereby we had informed about the in principle decision of the Board of Directors of the Company to monetise certain tea estates and/or other assets of the Company.

In terms of Regulation 30 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations, 2015 we hereby inform you that it has been decided to dispose of Sealkotee Tea Estate situated in Assam, subject to necessary approvaljs in this regard. For the said purpose the Company has entered into a Memorandum of Understanding withSwananda Tea Private Limited at Kolkata on 20[th] December, 2019.

Please find attached our disclosure in this regard in terms of the SEBI Circular No. CIR / CMD / 4/2015 dated 9[th] September, 2015.

Yours faithfully, WARREN TEA LIMITED

CIN: L01132AS1977PLC001706 • website: www.warrentea.com

Corporate Office: 'Suvira House', 48, Hungerford Street, Kolkata 700 017 Telephone: 22872287, Fax: 22894444, E-mail: corporate@warrentea.com Registered Office: Deohall Tea Estate, P,O. Hoogrijan, Dist. Tinsukia, Assam 786 601

DISCLOSURE UNDER REGULATION 30 OF THE SEBI (USTING OBUGATIONS AND DISCLOSURE REOUIREMENTS) REGULATIONS, 2015

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SI. Particulars Disclosures
a) The amount and percentage of the turnover or The required financial detailed of Tea Estate
revenue or income and net worth contributed proposed to be disposed is an under
by such unit(s) or division(s) of the listed entity
during the last financial year. a. Amount of Revenue contributed during the last
financial year : ~ 947.50 lakhs
b. Percentage of Revenue contributed during the
last financial year: 8.00%
c. Net Worth Contribution during the last financial
year: Nil
b) Date on which the agreement for sale have Memorandum of Understanding entered into on 20 [th]
been entered into December, 2019
c) The expected date of completion of 31 [st] January, 2020
sale/disposal.
d) Consideration received/to be received from Rs.19011akhs
such sale/disposal
e) Brief details of buyers and whether any of the Swananda Tea Private Limited, is a private limited
buyers belong to the promoter group/group Company having its registered office in Assam and is
companies. If yes, details thereof. engaged in tea business.
The buyer does not belong to the promoter or
promoter group of the Company,
f) Whether the transactions would fall within the
related party transactions. If yes, whether the No
same is done at "arms length".
g) In case of a slump sale, indicative disclosures
provided for amalgamation/ merger, shall be NA
disclosed by the listed entity with respect to
such slump sale
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(SIDDHARTHA ROY) PRESIDENT-LEGAL & COMPANY SECRETARY