Summary of Key Information:
Reporting Period: Quarter and Year ended 31 March 2026
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations 30 and 33
Audit Opinion:
Unmodified opinion provided by Jayaraman and Krishna Chartered Accountants (Firm Registration No. 0111855)
Key Financial Highlights [in ₹ lakhs]:
Standalone Results:
Year Ended 31 March 2026:
- Net Loss before tax: (276.23)
- Total Tax: Not Specified
- Net Loss after tax: Not Specified
Comparative Year Ended 31 March 2025:
- Profit before tax: 49.53
Segment-wise Performance:
The Company operates in three segments: Tea, Power, and Investments
Year Ended 31 March 2026:
- Tea Segment Revenue: 5,782.65
- Tea Segment Results: (61.82)
- Investment Segment Results: 10,727.66
- Unallocated: 690.10
- Total Capital Employed: 59,517.30
Corporate Actions:
- Recommended dividend of ₹0.75 per equity share (7.5% on face value of ₹10 each), subject to shareholder approval at ensuing Annual General Meeting
- Re-appointment of Mrs. Alka Lakshmi Niwas Bangur (DIN: 00012894) as Managing Director for 3 years effective 17 September 2026, subject to shareholder approval
Other Significant Information:
Investment Restructuring:
- Company held 93,590 equity shares (17.43%) in Placid Limited
- NCLT Kolkata approved amalgamation of Placid Limited into MSUML with appointed date of 1 April 2024 (order dated 16 March 2026)
- Under swap ratio, company entitled to receive 4,81,98,850 shares of MSUML in exchange (allotment pending)
- Investment recognized at fair value of ₹38,703.68 lakhs based on independent valuer's NAV calculation of ₹80.30 per share
Exceptional Items:
- Statutory impact of New Labour Codes: ₹5.95 lakhs recognized as additional employee benefits obligations
- Other Income includes profit on sale of Windmill Land at Aralvaimozhi, Tamilnadu and property at Kolhapur: ₹194.43 lakhs for year ended and ₹56.51 lakhs for quarter ended 31 March 2026
- Other expenses includes ₹2,155.69 lakhs relating to fair value adjustment in mutual fund investments
Cash Flow Statement Highlights [₹ lakhs]:
- Net cash from operating activities: 7.81 (FY25: -456.76)
- Net cash from investing activities: 587.65 (FY25: -3,067.03)
- Net cash used in financing activities: -509.06 (FY25: 2,196.41)
- Closing cash and cash equivalents: 125.36
Balance Sheet Highlights [₹ lakhs as at 31 March 2026]:
- Total Assets: 59,517.30
- Equity Share Capital: 309.59
- Other Equity: 44,642.83
- Non-current Liabilities: 9,463.76
- Current Liabilities: 5,101.12
- Investments (Non-current): 48,518.04
- Property, Plant and Equipment: 2,860.01
- Inventories: 887.35
- Cash and cash equivalents: 125.36