I weicome you ail to this 21st Annual General Meeting.

I am pleased to inform you that it has been our constant endeavor to improve thequality of our produce. The quality teas being manufactured by your Company enables us toconsolidate its brand value and also sustain its market share in the long run. Withimprovement in quality your Company will be amongst the best producers of Quality AssamCTC teas.

Mechanised harvesting has been started in the prune area to reduce the dependence onmanual plucking which will ensure the timely harvest of ready leaves.

Integrated Pest & Nutrition Management is another thrust area for enhancing theyield of our plantations. Mechanization of other field operation will help timelycompletion of field work for better results.

We are presently contemplating a twofold growth strategy encompassing the domestic aswell as in the global arena. Your Company had acquired in

2012-13 two Tea Estates at Malawi which now produces 4 lakh kgs of Macadamia nuts aswell as 9 million kgs of tea out of the total annual tea production of the Company ofabout 20 million kgs.

We are now looking to enhance the growth of the Company in the Tea Sector by acquiringtea estates in India and abroad.

With this in view your Company is exploring all opportunities for an expansion and todouble its existing production capacity which is possible only through acquisitions of TeaEstates at a competitive price.

It is expected that this will enable your Company to achieve increased market share andalso meet the growing demand for quality teas thereby resulting in improved profitabilityfor the Company and better returns to the stakeholders.