Key Quantitative Figures

Standalone Financial Results (Q2 FY27):

  • Revenue from operations: ₹78.43 crore
  • Total income: ₹80.14 crore
  • Loss before exceptional items and tax: ₹11.52 crore
  • Loss after tax: ₹11.52 crore
  • Total comprehensive loss: ₹9.40 crore
  • Basic and diluted EPS: (₹1.65)
  • Paid-up equity share capital: ₹13.95 crore (face value ₹2 each)

Standalone Financial Results (H1 FY27):

  • Revenue from operations: ₹145.97 crore
  • Total income: ₹148.75 crore
  • Loss before exceptional items and tax: ₹18.53 crore
  • Loss after tax: ₹3.66 crore
  • Total comprehensive loss: ₹1.38 crore
  • Basic and diluted EPS: (₹0.52)

Exceptional Items:

  • Q1 FY27: Gain of ₹14.87 crore on sale of property, plant and equipment
  • H1 FY27: Gain of ₹14.87 crore on sale of property, plant and equipment

Consolidated Financial Results (Q2 FY27):

  • Revenue from operations: ₹5,698.20 crore
  • Total income: ₹5,797.81 crore
  • Profit before tax: ₹979.65 crore
  • Profit after tax: ₹609.66 crore
  • Total comprehensive income: ₹653.70 crore
  • Basic and diluted EPS: ₹35.56

Consolidated Financial Results (H1 FY27):

  • Revenue from operations: ₹10,786.89 crore
  • Total income: ₹10,954.36 crore
  • Profit before tax: ₹1,766.34 crore
  • Profit after tax: ₹1,192.33 crore
  • Total comprehensive income: ₹1,302.27 crore
  • Basic and diluted EPS: ₹76.87

Dates of Action

  • Board meeting date: 13th November, 2026 (11:45 AM to 1:45 PM)
  • CFO resignation effective: Close of business hours on 13th November, 2026
  • Company Secretary resignation effective: Close of business hours on 13th November, 2026
  • New CFO appointment effective: 26th November, 2026

Parties Involved

  • Statutory Auditor: Walker Chandiok & Co LLP
  • Resigning CFO: Mrs. Lalita Rajesh
  • Resigning Company Secretary: Mr. Saghan Srivastava
  • New CFO: Mr. Manoj Agarwal
  • Managing Director: Mr. Ness Wadia

Purpose/Rationale

  • The board meeting was held to approve quarterly financial results and address management changes
  • Resignations were due to personal reasons
  • New CFO appointment was based on recommendations of Nomination and Remuneration Committee and approval of Audit Committee

Financial Impact

  • The standalone operations reported losses for both Q2 and H1 FY27
  • Exceptional gains from asset sales improved Q1 performance
  • Consolidated operations remained profitable across all periods

Capital Structure Impact

  • No change in paid-up equity share capital reported
  • Resignations and appointments of Key Managerial Personnel noted

Cash Flow Implications

  • Standalone cash flow: Net decrease of ₹49.45 crore in cash and cash equivalents for H1 FY27
  • Consolidated cash flow: Net increase of ₹502.85 crore in cash and cash equivalents for H1 FY27

Management Commentary

No forward-looking guidance or management commentary was explicitly provided in the disclosure.

Material Changes

  • Significant decline in standalone performance compared to previous year
  • Exceptional gains from asset sales in tea plantations
  • Management changes in key positions