Key Business Items Approved

1. Audited Standalone Financial Results: The Board approved the Audited Standalone Financial Results of the Company for the quarter and financial year ended March 31, 2026, along with the report of the Statutory Auditors, M/s A O MITTAL & ASSOCIATES, Chartered Accountants. This declaration was made pursuant to Regulation 33(3)(d) of SEBI Listing Regulations.

2. Resignation of Internal Auditor: M/s AAN & ASSOCIATES LLP (FRN: E300018), Chartered Accountants, resigned as Internal Auditor of the Company due to "pre-occupation & other personal commitments." The resignation was effective immediately from May 26, 2026. The resignation letter cited time constraints and preoccupation with other professional commitments as reasons.

3. Appointment of New Internal Auditor: M/s L.K.BOHANIA & CO (FRN: 317136E), Chartered Accountants, was appointed as Internal Auditor of the Company for the Financial Year 2026-2027, effective May 26, 2026. The firm is described as specializing in direct taxation, statutory audits, and internal audits, with its office at 41, Netaji Subhash Road, 4th Floor, Room No-404, Kolkata 700001.

Financial Results Overview (Rupees in Lakhs)

Year Ended March 31, 2026 (Audited)

  • Total Income: ₹813.41
  • Total Expenses: ₹829.43
  • Profit/(Loss) before tax: ₹(16.02)
  • Total Tax Expense: ₹13.46
  • Net Profit/(Loss) after tax: ₹(29.48)
  • Other Comprehensive Income (net of tax): ₹6.88
  • Total Comprehensive Income/(Loss): ₹(22.60)
  • Paid-up Equity Share Capital: ₹1,554.41 (Face Value ₹10/- each)
  • Other Equity: ₹327.54
  • Basic Earnings Per Share (₹10/- each): ₹(0.20)
  • Diluted Earnings Per Share (₹10/- each): ₹(0.20)

Quarter Ended March 31, 2026 (Audited)

  • Total Income: ₹147.56
  • Total Expenses: ₹212.75
  • Profit/(Loss) before tax: ₹(65.19)
  • Total Tax Expense: ₹13.46
  • Net Profit/(Loss) after tax: ₹(78.65)
  • Other Comprehensive Income (net of tax): ₹6.88
  • Total Comprehensive Income/(Loss): ₹(71.77)
  • Basic Earnings Per Share (₹10/- each): ₹(0.51)
  • Diluted Earnings Per Share (₹10/- each): ₹(0.51)

Balance Sheet Position as at March 31, 2026 (Audited)

  • Total Assets: ₹3,046.52
  • Non-Current Assets: ₹2,604.32 (including Property, Plant and Equipment: ₹2,464.07)
  • Current Assets: ₹442.20
  • Total Equity: ₹1,881.95
  • Non-Current Liabilities: ₹544.05
  • Current Liabilities: ₹620.52
  • Total Liabilities: ₹1,164.57

Cash Flow Statement for Year Ended March 31, 2026 (Audited)

  • Net Cash from Operating Activities: ₹(16.33)
  • Net Cash used in Investing Activities: ₹(158.05)
  • Net Cash from Financing Activities: ₹126.52
  • Net decrease in cash and cash equivalents: ₹(47.86)
  • Cash and cash equivalents at beginning of year: ₹41.67
  • Cash and cash equivalents at end of year: ₹18.57
  • Earmark Balances with Bank: ₹7.16
  • Total Cash & Bank Balances at year end: ₹25.73

Audit Opinion

M/s A O MITTAL & ASSOCIATES, Chartered Accountants, issued an unmodified opinion on the financial results. They stated that the results give a true and fair view in conformity with Indian Accounting Standards (Ind AS) and are presented in accordance with Regulation 33 of SEBI Listing Regulations, including relevant SEBI circulars.

Additional Notes from Financial Statements

  • The company operates mainly in one business segment: Cultivation, Manufacturing and selling of Tea.
  • The company has no subsidiary/associate/joint venture companies as of March 31, 2026.
  • Value of consumption of raw materials represents only Green Leaf purchased from third parties.
  • The figures for the quarter ended March 31, 2026, are the balancing figures between audited full-year figures and published unaudited year-to-date figures up to the third quarter.

Meeting Details

The Board Meeting commenced at 4:00 p.m. (IST) and concluded at 4:52 p.m. (IST) on May 26, 2026.