Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The United Nilgiri Tea Estates Company Limited
Purpose and Nature of the Disclosure
This document discloses the proceedings of the 104th Annual General Meeting (AGM) of The United Nilgiri Tea Estates Company Limited, held to present and seek shareholder approval for the annual financial statements, dividend declaration, and director appointments.
Date, Location, and Type of Meeting
The 104th Annual General Meeting was held on Friday, 7th August 2026, commencing at 4:00 PM and concluding at 5:02 PM. The meeting was conducted entirely through Video Conference (VC) / Other Audio Visual Means (OAVM) facility provided by National Securities Depository Limited (NSDL).
Summary of Proposed Resolutions and Their Implications
The following business items were considered:
Ordinary Business - Ordinary Resolutions
- 1. Adoption of the Audited Financial Statements of the Company for the financial year ended 31st March 2026, together with the Reports of the Board of Directors and Auditors thereon.
- 2. Confirmation of payment of an interim dividend of Re.1/- per equity share and declaration of a final dividend for the financial year 2025-26.
- 3. Reappointment of Ms. P. Shobhana Ravi (DIN: 08815683), as Director who retires by rotation.
Special Business - Special Resolution
- 4. Appointment of Mr. R. Anand (DIN: 00243485) as an Independent Director of the Company.
Voting Process and Methods Used
The meeting was conducted via video conference. Participation through VC was reckoned for the purpose of quorum as per circulars issued by the Ministry of Corporate Affairs and Section 103 of the Companies Act, 2013. The Chairperson confirmed the requisite quorum was present.
E-voting was conducted on the NSDL e-voting platform. The e-voting window remained open for an additional 15 minutes from the end of the meeting to allow shareholders who had not yet voted to cast their votes.
Mr. S. Kasi Viswanathan was appointed as the Scrutinizer for the meeting.
Key Voting Outcomes
The document states that the consolidated results of the Remote e-voting and the e-voting cast during the AGM, along with the Scrutinizer's Report, would be declared within the prescribed time limit after the conclusion of the meeting. These results were not included in this specific disclosure but are to be published on the Company's website (www.unitednilgiri.com) and on the website of National Securities Depository Limited. They will also be communicated to the National Stock Exchange of India Limited.
Scrutinizer's Role, Findings, and Conclusions
The Scrutinizer, Mr. S. Kasi Viswanathan, was present at the meeting via video conferencing. His specific findings and conclusions regarding the vote count are to be detailed in his separate report, which was to be published after the meeting.
Confirmation of Compliance with Applicable Laws and Regulations
The meeting was conducted in compliance with the provisions of the Companies Act, 2013. The use of video conferencing for member participation and quorum was explicitly noted to be in accordance with circulars from the Ministry of Corporate Affairs and Section 103 of the Act.
The notice of the AGM, along with the financial statements for the year ended 31st March 2026 and the Directors' Report, had been sent to members through electronic mode.
A remark in the Secretarial Audit Report was addressed with a suitable reply provided in the Director's Report.
Names and Roles of Signatories
The document was signed by Mr. R.V. Sridharan, Company Secretary (FCS 4150), on behalf of The United Nilgiri Tea Estates Company Limited.
Other Relevant Information
The Chairperson, Ms. Mallika Srinivasan, welcomed members and introduced the Board and executives present, including:
- Mr.P.B.Sampath, Chairman of the Audit Committee and Nomination & Remuneration Committee
- Mr.R.Vijayaraghavan, Chairman of the Stakeholders Relationship Committee
- Ms. Sashikala Srikanth, Director
- Ms.P.Shobhana Ravi, Director
- Mr.R.Rajkumar, Director
- Mr.S.Raghuraman, Chief Financial Officer
- Mr.R.V.Sridharan, Company Secretary
The Statutory Auditors, K.S.Aiyar & Co. (Mr.S.Kalyanaraman), and the Secretarial Auditors, Shanmugam Rajendran & Associates LLP (Mr. S. Rajendran), were also in attendance via video conferencing.
The Chairperson briefed members on the company's performance, and a session was held for registered speaker shareholders to ask questions, which were addressed by the Chairperson.
The registered office of the company is P.B. No. 3708, No. 3, Savithri Shanmugam Road, Race Course, Coimbatore - 641 018.