Meeting Details

The 43rd AGM was held on Friday, 21st August 2026 through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting commenced at 11:30 AM IST and concluded at 12:23 PM IST.

Attendance

  • Mr. Umang Kanoria, Chairman of the Board of Directors, chaired the meeting
  • All directors including chairs of Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee were present
  • Mrs. Sneha Jain, partner of NKSJ & Associates (Statutory Auditor)
  • Mr. Asit Kumar Labh, partner of LABH & LABH Associates (Secretarial Auditor)
  • Mr. Atul Kumar Labh, Scrutinizer
  • Ms. Charulata Kabra, Company Secretary and Compliance Officer

Voting Process

The remote e-voting period was from Tuesday, 18th August 2026 (9:00 AM) to Thursday, 20th August 2026 (5:00 PM) through CDSL. Shareholders participating in the meeting had an additional 15 minutes after meeting conclusion to cast votes.

Chairman's Speech

Mr. Umang Kanoria highlighted:

  • According to Tea Board of India, North India sales realization increased by ₹18.67 (8.12%) up to July 2026
  • Crops increased by 25.24 million kgs (8.24%) up to June 2025
  • Company's own tea crops showed improvement
  • Company's average price realization increased by ₹17.61 (5.24%) up to July 2026 compared to corresponding period previous year
  • Increased emphasis on manufacturing superior quality teas to offset increased production costs due to higher wages and input prices
  • Mentioned devastating flood impact at Bamonpookrie Tea Estate

Business Items Considered

Ordinary Business:

1. Adoption of Audited Financial Statements (Standalone and Consolidated) for financial year ended 31st March 2026, together with reports of Board of Directors and Auditors (Ordinary Resolution)

2. Appointment of Mr. Dipankar Samanta (DIN: 10176966) who retires by rotation and offered himself for re-appointment (Ordinary Resolution)

Special Business:

3. Approval of remuneration payable to Cost Auditors (Ordinary Resolution)

4. Re-appointment of Ms. Shruti Swaika (DIN: 07659238) as an Independent Director (Special Resolution)

Additional Proceedings

The Notice of the 43rd AGM was taken as read with permission of shareholders. There were no qualifications, observations or remarks from Statutory Auditors or Secretarial Auditor in the Audit Report for FY ended 31st March 2026.

The Chairman provided pre-registered members opportunity to raise queries and seek clarifications on business items, and responded to all questions.

Post-Meeting Actions

The consolidated voting results will be disseminated to stock exchanges and made available on company website (www.kancotea.in) and CDSL website within 48 hours from meeting conclusion.