Target Entity:

Bazaloni Group Limited (CIN: U01132AS1977PLC001713)

Type of Deal:

Acquisition of 100% equity shares, resulting in Bazaloni Group Limited becoming a wholly-owned subsidiary.

Stake/Capacity:

100% of the equity share capital, comprising 15,96,500 Equity Shares of ₹10/- each.

The target company operates two tea divisions (Rajgarhali and Bazaloni) with approximately 1000 hectares under tea cultivation and an estimated annual production of around 3 million kilograms.

Deal Value:

The specific deal value is not disclosed in the document. The consideration structure is stated to be entirely in cash.

Funding Source:

Not explicitly disclosed in the document.

Financial Impact (if disclosed):

The target company's financials are provided:

  • Turnover (FY 2025-2026): ₹52.78 Crores
  • Net Profit (FY 2025-2026): ₹6.88 Crores
  • Paid-up Share Capital: ₹1,59,65,000
  • Authorized Share Capital: ₹4,00,00,000

Historical Turnover:

  • 2024-2025: ₹49.99 Crores
  • 2023-2024: ₹45.84 Crores

The acquisition is expected to enhance the company's growth, revenue, and profitability. Specific financial accretion or synergy numbers are not quantified.

Timeline:

The acquisition is expected to be completed by 31st July 2026.

Strategic Rationale:

The acquisition is intended to enhance Grob Tea Company's growth, revenue, and profitability. It will provide exposure needed to further expand its presence in the Tea Industry. The target company is described as a leading tea estate in Assam, producing high-quality premium C.T.C. teas with established infrastructure, including two factories, and employing over 4000 people.

Approval Status:

The acquisition has been approved by the Board of Directors of The Grob Tea Company Limited on 1st July 2026. The disclosure states that no governmental or regulatory approvals are required for the acquisition.

Related Party Transaction:

The transaction is confirmed NOT to be a related party transaction. The promoters/promoter group/group companies of The Grob Tea Company Limited have no interest in Bazaloni Group Limited and do not hold any shares in the Target Company.

Reference Regulation:

The disclosure is made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 (SEBI Listing Regulations).