Meeting Details

The 36th Annual General Meeting is scheduled to be held on Monday, September 28, 2026 at 11:00 A.M. (Indian Standard Time) via Video Conference/Other Audio Visual Means in accordance with MCA and SEBI circulars.

Ordinary Business Agenda Items

1. Adoption of Financial Statements: To receive, consider and adopt the audited balance sheet as at 31st March, 2026, the statement of profit & loss for the year ended on that date, and the reports of directors and auditors.

2. Director Reappointments:

  • Reappointment of Shri Madanlal Garg (DIN: 00670278) who retires by rotation
  • Reappointment of Shri Rajesh Garg (DIN: 00471803) who retires by rotation
  • Reappointment of Smt. Rama Garg (DIN: 00471845) who retires by rotation

3. Auditor Reappointment: Reappointment of M/S Agarwal Kejriwal & Co (FRN: 316112E) as statutory auditors for a second term of five years from conclusion of 36th AGM until conclusion of 41st AGM in 2031, at remuneration not exceeding ₹1,50,000 plus applicable taxes and out-of-pocket expenses.

Special Business Agenda Items

4. Management Restructuring - Hariram Garg: Approval for Shri Hariram Garg (DIN: 00216053) to voluntarily step down as Managing Director effective September 28, 2026, and continue as Chairman & Executive Director from October 1, 2026 for five years until September 30, 2031. Proposed remuneration of ₹3,00,000 per month plus one month bonus and one month leave salary, totaling ₹42,00,000 per annum (subject to applicable taxes).

5. Management Appointment - Rajesh Garg: Redesignation of Shri Rajesh Garg (DIN: 00471803) from Non-Executive Director to Managing Director for five years from September 28, 2026 to September 27, 2031. He will not receive any remuneration, salary, commission, perquisites or allowances except sitting fees for board meetings and reimbursement of reasonable business expenses.

6. Independent Director Reappointment: Reappointment of Shri Akhil Kumar Manglik (DIN: 01344949) as Non-Executive Independent Director for a second term of five years from February 4, 2027 to February 3, 2032.

Financial Performance Highlights (Explanatory Statement)

The document discloses the following financial performance indicators:

  • Total Revenue: ₹2,335.11 lakh (FY26) vs ₹3,046.17 lakh (FY25)
  • Depreciation: ₹224.30 lakh (FY26) vs ₹187.08 lakh (FY25)
  • Total Expenses: ₹2,425.58 lakh (FY26) vs ₹3,010.57 lakh (FY25)
  • Profit before Tax: (₹90.47) lakh loss (FY26) vs ₹35.60 lakh profit (FY25)
  • Tax Expenses: ₹7.81 lakh (FY26) vs ₹3.34 lakh (FY25)
  • Profit after Tax: (₹82.66) lakh loss (FY26) vs ₹32.26 lakh profit (FY25)
  • OCI Income: ₹114.01 lakh (FY26) vs (₹29.60) lakh (FY25)
  • Total Comprehensive Income: ₹31.35 lakh (FY26) vs ₹2.66 lakh (FY25)

The explanatory statement attributes the performance challenges to significant increase in labor costs, fluctuations in input prices, adverse weather conditions, lower rainfall, and challenging market conditions in key tea-producing states.

Voting Arrangements

The Register of Members and Share Transfer Register will remain closed from September 22, 2026 to September 28, 2026 (both days inclusive) for the AGM. Remote e-voting period commences on September 25, 2026 (9:00 AM) and ends on September 27, 2026 (5:00 PM) through NSDL. Cut-off date for determining voting rights is September 21, 2026.

Additional Information

  • M/s Puja Pujari & Associates appointed as scrutinizer for the voting process
  • The notice and annual report are being sent electronically unless members request physical copies
  • Members can join the VC/OAVM meeting 15 minutes before and after scheduled time
  • The company's registered office: Sikkim Commerce House, 4/1, Middleton Street, Kolkata - 700 071
  • Tea garden located at: P.O. - Matelli, Dist.: Jalpaiguri (W.B.) Pin: 735223