Target Entity: Bazaloni Group Limited (CIN: U01132AS1977PLC001713)
Type of Deal: 100% Acquisition
Stake/Capacity: 100% equity share capital acquisition. Bazaloni Group operates two tea estates (Rajgarhali and Bazaloni divisions) spanning approximately 1000 hectares under tea cultivation with estimated annual production of around 3 million kilograms.
Deal Value: Not disclosed in the document
Funding Source: Cash consideration (total consideration paid in cash)
Financial Impact:
Target company financials: Turnover of ₹52.78 crores (FY 2025-26), ₹49.99 crores (FY 2024-25), ₹45.84 crores (FY 2023-24)
Net Profit: ₹6.88 crores (FY 2025-26)
Authorized Share Capital: ₹4,00,00,000 divided into 40,00,000 Equity Shares of ₹10 each
Paid-up Share Capital: ₹1,59,65,000 divided into 15,96,500 Equity Shares of ₹10 each
The acquisition is expected to enhance growth, revenue and profitability of Grob Tea Company
Timeline: Acquisition completed on July 28, 2026
Strategic Rationale:
Expanding and strengthening the company's business operations
Enhancing growth, revenue and profitability
Gaining exposure to further expand presence in Tea Industry
Vertical integration within the tea sector
The target company is described as "one of the leading tea estates situated in Assam" with state-of-art factories and modern amenities
Approval Status: Completed and closed as of July 28, 2026
Reference Regulation: SEBI Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Additional Company Background:
Bazaloni Group Limited was incorporated on June 30, 1977
Founded by Chalmers brothers in 1915
Headquartered in Kolkata with operations in Assam
Employs over 4000 people with infrastructure including housing, hospitals and schools
Produces premium C.T.C. teas under brands Rajarhali and Bazaloni
Not a related party transaction, conducted at arm's length
