Financial Performance
Kanco Tea & Industries Limited reported weak financial results for FY26, with a consolidated net loss of ₹54.57 crore (improved from ₹83.39 crore in FY25) and standalone net loss of ₹58.69 crore. Revenue from operations increased to ₹752.75 crore from ₹636.02 crore in the previous year. The company faced significant headwinds from lower tea prices, with average realization declining to ₹249.07/kg from ₹290.95/kg, despite production increasing to 3.01 million kgs from 2.24 million kgs.
Capital Structure & Borrowings
The company maintained substantial borrowings of ₹532.80 crore (₹276.06 crore long-term and ₹256.74 crore short-term), secured by hypothecation of current assets and equitable mortgage of immovable properties. Importantly, there were no defaults in repayment of loans to banks. Non-current investments stood at ₹210.97 crore, primarily in equity instruments and preference shares.
AGM & Corporate Governance
The 43rd Annual General Meeting is scheduled for August 21, 2026, to be conducted via video conferencing. Key agenda items include adoption of financial statements, reappointment of Mr. Dipankar Samanta who retires by rotation, and special business items including ratification of cost auditor remuneration and reappointment of Ms. Shruti Swaika as Independent Director for a second term. The board consists of 6 members, with executive directors Umang Kanoria and Anuradha Kanoria receiving remuneration of ₹24 lakh and ₹48.52 lakh respectively.
Operational Performance & Assets
The company operates three tea estates in Nazira, Assam (Mackeypore, Lakmijan, Bamonpookrie) with total property, plant and equipment of ₹701.98 crore. Biological assets (unharvested tea leaves) were valued at ₹1.28 crore. The company completed replanting of 20.36 hectares and maintains trustea verification certificates for sustainable tea production across all estates.
Contingencies & Disclosures
Contingent liabilities total ₹36.64 crore, including income tax demands of ₹23.98 crore under dispute and a GAIL India natural gas supply dispute of ₹6.88 crore. The company has MSME registration (Udyam-WB-10-0003498) providing benefits including lower borrowing costs. Auditor NKSJ & Associates issued an unqualified opinion on the financial statements.
Subsidiary & Other Matters
Winnow Investments and Securities Private Limited, the material wholly-owned subsidiary, reported revenue of ₹62.45 lakhs and profit after tax of ₹41.19 lakhs. No dividend was recommended for FY26, and the company had no CSR obligation due to cumulative losses. The investor services are handled by RTA MUFG Intime India Private Limited, with 94.50% shares dematerialized as of March 31, 2026.