Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended 30th September, 2026 (Q2 FY27, H1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting dated 13th November, 2026
Date of Board Meeting / Approval: 13th November, 2026 (Meeting Time: 02:00 P.M. to 05:00 P.M.)
Audit Opinion: Qualified Conclusion
Auditor’s Comment: The auditors, B Nath & Co, issued a qualified conclusion because the company has not ascertained and consequently has not provided for current tax and deferred tax in respect of the quarter and half year ended September 30, 2026. This non-provisioning is not in accordance with Indian Accounting Standard (Ind AS) 12, "Income Taxes".
Emphasis of Matter: The auditors drew attention to the company's LED light business, in which it had entered in an earlier year. There have been no sales of LED products in the last five years. The total investment in this business as of September 30, 2026, aggregates to ₹119.77 Lakhs, carried entirely as stock-in-trade at Net Realisable Value. Management believes the amount is fully recoverable and thus no provision for possible losses is considered necessary.
Key Financial Highlights [Amounts in ₹ Lakhs]
Standalone Results:
For the Quarter Ended 30/09/2026 (Unaudited):
- Revenue from Operations: 2,231.39
- Total Income: 2,392.21
- Profit before exceptional items and tax: 326.85
- Exceptional Items: Nil
- Profit before tax: 326.85
- Tax Expense: Nil (Not provided)
- Net Profit for the period: 326.85
- EPS (Basic & Diluted): ₹28.12
- Other Equity: 10,964.42
- Cash and Cash Equivalents: 133.49
For the Half Year Ended 30/09/2026 (Unaudited):
- Revenue from Operations: 3,896.08
- Total Income: 4,034.16
- Profit before exceptional items and tax: 1,832.80
- Exceptional Items: Nil
- Profit before tax: 1,832.80
- Tax Expense: Nil (Not provided)
- Net Profit for the period: 1,832.80
- EPS (Basic & Diluted): ₹157.69
Comparison with Previous Period (Half Year Ended 30/09/2025 - Unaudited):
- Revenue from Operations: 5,681.28 (H1 FY26) vs 3,896.08 (H1 FY27)
- Net Profit: 1,767.07 (H1 FY26) vs 1,832.80 (H1 FY27)
Standalone Balance Sheet as at 30th September, 2026:
- Total Assets: 23,109.97
- Total Equity: 11,080.65
- Debt (Borrowings - Non-Current + Current): 9,480.84 (Bank: 5,326.24 + 4,154.60; Related Parties: 260.00)
Consolidated Results:
The consolidated results include the financials of the company's wholly-owned subsidiary, Bazaloni Group Limited, acquired on 28th July 2026.
For the Quarter Ended 30/09/2026 (Unaudited):
- Revenue from Operations: 2,285.59
- Total Income: 2,450.72
- Profit before exceptional items and tax: 326.85
- Net Profit for the period: 326.85
- EPS (Basic & Diluted): ₹28.12
For the Half Year Ended 30/09/2026 (Unaudited):
- Revenue from Operations: 5,536.26
- Total Income: 5,656.71
- Profit before exceptional items and tax: 2,150.69
- Net Profit for the period: 2,150.69
- EPS (Basic & Diluted): ₹185.81
Consolidated Balance Sheet as at 30th September, 2026:
- Total Assets: 24,405.97
- Total Equity: 11,515.64
- Goodwill (from subsidiary acquisition): 3,448.36
- Debt (Borrowings - Non-Current + Current): 9,718.17 (Bank: 5,332.11 + 4,386.06; Related Parties: 260.00)
Segment-wise Performance:
The company is primarily engaged in the integrated activities of cultivation, manufacturing, and sale of tea, with a predominant focus on the domestic market. The company has identified this as its only operating segment.
Corporate Actions:
Dividend: Not specified in this document.
Inter Corporate Deposit & Other Loans: The Board approved Inter Corporate Deposits & Other Loans for FY 2026-2027, as recommended by the Audit Committee and sanctioned by the Finance Committee.
Other Significant Information:
Subsidiary Acquisition: During the quarter ended 30 September 2026, the company acquired control over Bazaloni Group Limited on 28 July 2026.
Seasonality: A note states that the tea industry is seasonal, and quarterly/half-yearly profit figures cannot be taken as indicative of full-year results.
Taxation: The company states it is difficult to estimate taxable profit for the year, so no adjustment for Income tax and Deferred Tax has been made and will be provided at year-end.