Event Details

The 115th Annual General Meeting (AGM) of Diana Tea Company Limited was held on Friday, 11 September 2026 at 3:00 PM IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting commenced at 3:00 PM and concluded at 4:30 PM IST, including time allowed for e-voting at the AGM.

Attendance

  • Total 168 members attended, including 4 members from Promoter and Promoter Group
  • Directors present: Mrs. Sarita Singhania (Whole-Time Director and CFO), Mr. Devang Singhania (Whole-Time Director), Mr. Kiran Nanoo Desai (Non-Executive Independent Director and NRC Chairman), Mr. Navin Nayar (Non-Executive Independent Director and Audit Committee Chairman), Mr. Ravindra Suchanti (Non-Executive Independent Director and SRC Chairman)
  • Other attendees: Statutory Auditor, Secretarial Auditor, Scrutinizer, Company Secretary and Compliance Officer, and other key executives

Meeting Proceedings

Mr. Sandeep Singhania, Chairman of the Board, chaired the meeting. The notice dated 12 August 2026 convening the AGM and the Annual Report for FY ended 31 March 2026 were taken as read. The Chairman delivered a speech highlighting financial performance, key focus areas and initiatives.

Voting Details

  • Remote e-voting period: 8 September 2026 (9:00 AM) to 10 September 2026 (5:00 PM)
  • Cut-off date for voting rights: 4 September 2026
  • E-voting facility provided by Central Depository Services (India) Limited (CDSL)
  • Mr. Mohan Ram Goenka, Partner of M/s. MR & Associates, Practising Company Secretary (Membership No. FCS-4515, C.P. No. 2551) appointed as Scrutinizer

Resolutions Considered

The following eight resolutions were put to vote:

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended 31 March 2026 with Reports of Board and Auditors

2. Appointment of Mrs. Sarita Singhania (DIN: 00343786) who retires by rotation

3. Appointment of Mr. Devang Singhania (DIN: 00343812) who retires by rotation

Special Business:

4. Enhancement of limits under section 180(1)(a) for sale, creation of mortgage or charge on assets

5. Approval of threshold limits for loans/guarantees, providing securities and investments under section 186

6. Adoption of new Memorandum of Association

7. Adoption of new Articles of Association

8. Issue of Equity Convertible Warrants on preferential basis

Auditor Reports

  • Independent Auditor's Report contained no qualifications, reservations, adverse remarks or disclaimers
  • Secretarial Audit Report contained an observation regarding delay in disclosure under Regulation 30 of SEBI Listing Regulations
  • Management's explanation regarding the observation (as contained in Board's Report) was taken on record

Member Interaction

Registered speaker members were invited to raise queries on the reports, financial statements and agenda items. The Chairman addressed all queries and suggestions appropriately.

Conclusion and Next Steps

  • E-voting facility remained open for 15 minutes after meeting conclusion
  • Scrutinizer will submit report on voting process
  • Company Secretary authorized to receive Scrutinizer's report and related documents
  • Voting results and Scrutinizer's Report will be submitted to stock exchanges and placed on company website within statutory timelines