Summary of Key Information:
Target Company: M/s Bazaloni Group Limited (Wholly-Owned Subsidiary of The Grob Tea Company Limited)
Nature of Transaction / Event: Approval of Capital Expenditure (Capex) towards installation of Orthodox Tea Manufacturing Machinery
Date of Transaction: 12/11/2026 (Board meeting date)
Estimated Amount Involved: Approximately ₹16 Crore
Expected Timeline for Implementation: Expected up to 30/04/2027
Detail of the Project: Installation of orthodox tea manufacturing machinery at the manufacturing facility of Bazaloni Group Limited for expansion of its tea business, enhancement of manufacturing capabilities and strengthening of its production infrastructure.
Mode of Financing: The proposed capital expenditure will be financed through bank borrowings by M/s Bazaloni Group Limited
Impact on Listed Entity: The investment is being undertaken independently by the wholly owned subsidiary through its own bank borrowings. No direct financial contribution is envisaged from The Grob Tea Company Limited towards the proposed capital expenditure. The project is expected to strengthen the subsidiary's tea business and contribute to the consolidated business operations of the Company.
Expected Benefit: Enhancement of manufacturing capabilities, strengthening of operational infrastructure and expansion of subsidiary's tea business
Regulatory Reference: Disclosure made under Regulation 30 read with Regulation 30(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Meeting Details: Board meeting of subsidiary commenced at 05:00 pm and concluded at 05:30 pm on 12th November 2026
Analyst Notes:
Disclosure represents routine corporate action by wholly-owned subsidiary for capacity expansion in orthodox tea segment, financed independently through bank borrowings without parent company financial contribution.