Event Details

  • Event: 43rd Annual General Meeting (AGM)
  • Date Held: Friday, 7th August 2026
  • Time: Commenced at 11:00 A.M. and concluded at 12:08 P.M.
  • Mode: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in compliance with MCA Circulars and SEBI circulars.

Attendance and Chairmanship

  • Total of 69 members attended the meeting.
  • Mr. Adarsh Kanoria, Chairman of the Board, chaired the meeting as per Article 95 of the Articles of Association.
  • All directors, including the chairpersons of the Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee, were present.
  • Representatives from the Statutory Auditors (M/s Jain & Co.), Secretarial Auditors (M/s Bajaj, Todi & Associates), the Scrutinizer, and the Chief Financial Officer were also present via VC/OAVM.

Business Transacted

The following business items from the Notice dated 28th May 2026 were transacted and passed by requisite majority through remote e-voting and e-voting during the AGM:

Ordinary Business

  • Item No. 1: Adoption of the Financial Statements, Reports of the Board of Directors, and Auditors for the year ended 31st March 2026.
  • Item No. 2: Declaration of a dividend of ₹1.50 per equity share for the financial year ended 31st March 2026.
  • Item No. 3: Re-appointment of Mrs. Shubha Kanoria (DIN: 00036489), a director retiring by rotation.

Special Business

  • Item No. 4: Re-appointment of Mr. Kushagra Kanoria (DIN: 09467947) as the Whole-Time Director of the Company.

Key Procedural Highlights

  • The Chairman delivered a speech highlighting the company's financial performance and future prospects.
  • The Audit Report and Secretarial Audit Report for FY ended 31st March 2026 contained no qualifications or remarks and were therefore not read.
  • Remote e-voting was provided to members as of the cut-off date of 31st July 2026, from 4th August (9:00 A.M.) to 6th August 2026 (5:00 P.M.).
  • E-voting was also made available during the AGM for members who had not voted remotely.
  • A Q&A session was held where members sought clarifications on the annual accounts, to which the Chairman responded.
  • The consolidated results along with the Scrutinizer's report are to be placed on the company's website (www.bengaltea.com) and on the NSDL website within two working days of the AGM conclusion. Results will also be communicated to BSE Limited.

Financial Impact

  • The declaration of a dividend of ₹1.50 per equity share represents a cash outflow to shareholders. The total financial impact of the dividend payout is not quantified in the disclosure.

Governance and Compliance

  • The meeting was conducted in compliance with the Companies Act, 2013, and relevant SEBI and MCA circulars.
  • Statutorily required registers and documents were made available for electronic inspection by members during the AGM.