Dear Shareholders

I welcome you all to this 24th Annual General Meeting.

The overall performance of the Company has been favourable during the year.

Although the continuing COVID-19 pandemic has led to disruption in certain sectors ofthe economy which are trying to re-establish it has also resulted in businesses adaptingnew methods and technology to meet the challenges posed by the pandemic.

We are also constantly initiating necessary steps for the smooth functioning of theoperations of the Company and ensuring that targeted performance of the Company isachieved along with safety protection and well being of our employees. We madecontributions to Government funds towards COVID relief as well as initiated vaccinationdrive at our O3ces and Estates for our employees and their families.

We have also completed the expansion of tea production facilities at our tea estates inNorth Bank which will enable us to augment our production capacities. We have introducedseveral field operations including mechanized harvesting integrated pest management andnutrition management to improve the quality of our produce and the yield. The Company hascommenced on trial basis the marketing/ sale of tea packets (CHHOTE LAL) in Kolkatathrough a KIOSK and is exploring the possibility of an e-commerce website also. Ouro3shore expansion of plantation at Malawi is progressing as per plan and in course of timewe hope to become one of the largest producers of Macadamia.