NAGA DHUNSERI HOLDING GROUP, LTD._x000D_ _x000D_ OBJECTS & ACTIVITIES: Investment, Investing in shares and securities and to _x000D_ develop land, bufidings and also carry on business of leasing, hire purchase _x000D_ finance, etc._x000D_ _x000D_ BRIEF HISTORY: The Company used to carry on the business of plantation of _x000D_ tea. coffee and cardamoms. Tea estates were sold in 1981-82. The Company was _x000D_ also owning a industires which was sold in August 1986. The Cardamom _x000D_ plantation was discontijued in 1984-85. The coffee estate under the Plenty _x000D_ Valley was sold during 1989-90. The Company started the business of _x000D_ investment and dealing in shares and securities in 1990-91._x000D_ _x000D_ PLENTY VALLEY ESTATE: In 1967, the Company purchased 1,000 acres of _x000D_ agricultural land with standing trees and timber. In annamalal Hills in _x000D_ Madras State. A completely new estate was opened under the name `Plenty _x000D_ Valley Estate' with coffee and cardamem. This estate was osl in 1989-90 to _x000D_ Plenty Valley Timber 8 Coffee, Ltd. and it was handed over to the buyer on _x000D_ 1st April, 1990._x000D_ _x000D_ SCHEME OF AMALGAMATION: By a Scheme of Arrangement, the Company transferred _x000D_ its two tea estates to Dhunseri Tea & Industries, Ltd. with effect from _x000D_ 11.1981. As per the Scheme, Dhenseri allotted 2 lakh equity shares of Rs.10 _x000D_ each to the Company without payment in cash and also paid a sum of Rs.20 _x000D_ lakhs. With this allotment of shares. Dhunseri Tea & Industries Ltd. became a _x000D_ subsidiary._x000D_ _x000D_ As ner the scheme of arrangement entered into with Plenty Valley Timber and _x000D_ Coffee Ltd., the Company, Plenty Valley Estate was vested in Plenty Valley _x000D_ Timber and Coffee Ltd. with effect from 1st Apirl, 1990. As consideration, _x000D_ the Company was allotted 20,00,000 equity shares of Rs.10 each a par of _x000D_ Plenty Valley Timber & Coffee, Ltd. without payment in cash._x000D_ _x000D_ REVALUATION OF ASSETS: As at 31st March, 1989, land and assets at Plenty _x000D_ Valley Estate was revalued and the net surplus of Rs.3,62,35,402 arising out _x000D_ of it was credited to reveluation reserves._x000D_ _x000D_ SCHEME OF AMALGAMATION: Bareilly Holding Ltd. was amalgamated with teh _x000D_ Company with effect from 1st July, 1980. As per the Scheme of Amalgamation, _x000D_ 1,10,00 equity shares of Rs.10 each of the Company were allotted to the _x000D_ equity shareholders and holders of unsecured debentures (who opied for _x000D_ allotment of equity shares) of the amalgamated Company. The Company's _x000D_ investment in 40,000 equity shares of Rs.10 each in Pareilly Holding was _x000D_ amalgamated with the Company with effect from 1st July, 1981._x000D_ _x000D_ SUBSIDIARY: During 1980-81, Dhunseri Tea & Industries, Ltd. and Softex Intra _x000D_ Ltd. became subsidiaries. Softex Intrs. Ltd. ceased to be a subsidiary in _x000D_ 1984-85. Land lease Company (India), Ltd. a subsidiary of Dhunseri Tea & _x000D_ Indusries Ltd. is also a subsidiary of the Company. _x000D_ _x000D_ _x000D_