Rossell India Limited

1. Unaudited Financial Results for Q1 FY27 (Quarter Ended June 30, 2026)

The Board approved the unaudited standalone financial results for Q1 FY27, prepared in accordance with Ind AS 34 and Regulation 33 of SEBI LODR Regulations. The results were reviewed by the Audit Committee and accompanied by a limited review report from auditors Khandelwal Ray & Co.

Key Financial Figures (₹ in lakhs):

  • Revenue from Operations: ₹3,678 (Q1 FY26: ₹4,358; Q4 FY26: ₹1,658)
  • Gross Revenue from sale of products and services: ₹3,627
  • Other Operating Income: ₹51
  • Other Income: ₹142
  • Total Income: ₹3,820
  • Total Operating Expenses: ₹3,021
  • Employee Benefits Expense: ₹4,447 (significant increase)
  • Changes in inventories of finished goods: ₹(3,295) (negative indicates inventory buildup)
  • Consumption of Green Leaf: ₹310
  • Consumption of Stores and Spares: ₹469
  • Power and Fuel: ₹515
  • Other expenses: ₹575
  • Profit before Finance Cost, Depreciation, and Tax: ₹799
  • Finance Cost: ₹128
  • Depreciation and Amortisation: ₹135
  • Profit before Tax: ₹536 (Q1 FY26: ₹886; Q4 FY26: ₹(2,650) loss)
  • Tax Expense: ₹56 (Current Tax: ₹11; Deferred Tax: ₹45)
  • Net Profit for the Period: ₹381 (Q1 FY26: ₹801; Q4 FY26: ₹(2,379) loss)
  • Total Comprehensive Income: ₹358
  • Earnings Per Share (EPS): Basic and Diluted ₹1.01 (Q1 FY26: ₹2.12; Q4 FY26: ₹(6.31))
  • Paid-up Equity Share Capital: ₹754 lakhs (unchanged at 37.7 million shares of ₹2 each)
  • Reserves (excluding Revaluation Reserve): ₹19,221 lakhs (as of March 31, 2026)

Notes to Financial Results:

  • Profit decline YoY attributed to:
  • 12% wage revision for daily-rated workers effective April 1, 2026
  • Arrears from retrospective salary revision for Sub-Staff effective June 1, 2025
  • Orthodox Subsidy not recognized due to uncertainty of receipt
  • Tea business is seasonal with varying quarterly patterns
  • Only one business segment (tea cultivation, manufacture, and sale)
  • No subsidiaries, associates, or joint ventures

2. Retirement of Mr. Nirmal Kumar Khurana

Mr. Nirmal Kumar Khurana will retire as Director and Whole-time Director upon conclusion of the AGM on August 25, 2026. He will retire from service effective September 1, 2026, after 32 years with the company, consequently ceasing as Chief Financial Officer, Company Secretary, and Compliance Officer from that date.

3. Appointment of Mr. Raunak Rathi as Chief Financial Officer

The Board appointed Mr. Raunak Rathi as CFO effective September 1, 2026, based on recommendations from the Nomination and Remuneration Committee and Audit Committee.

Profile: Chartered Accountant with 28 years of tea industry experience, previously held positions as COO at Asian Tea Group, CFO at Apeejay Tea Limited, GM-MRD at Skipper Limited, and Deputy GM at Mcleod Russel India Limited. Expertise includes treasury operations, strategic finance, M&A, budgeting, cost control, commercial operations, process controls, audit, compliance, risk management, performance analytics, and MIS.

4. Appointment of Mr. Manish Shaw as Company Secretary & Compliance Officer

The Board appointed Mr. Manish Shaw as Company Secretary and Compliance Officer effective September 1, 2026.

Profile: Member of ICSI with over 10 years of experience in corporate governance and secretarial compliance. Specializes in corporate restructuring, corporate management, due diligence, compliance with Companies Act 2013 and SEBI regulations, and stakeholder liaison.

5. Committee Re-constitution

Effective August 26, 2026, the Board reconstituted two committees following Mr. Khurana's departure:

Stakeholders Relationship Committee:

  • Ms. Nayantara Palchoudhuri (Non-Executive Independent Director) - Chairperson
  • Mr. Krishan Katyal (Non-Executive Independent Director) - Member
  • Mr. Digant Mahesh Parikh (Whole-time Director) - Member (subject to shareholder approval at AGM on August 25, 2026)

Corporate Social Responsibility Committee:

  • Ms. Nayantara Palchoudhuri (Non-Executive Independent Director) - Chairperson
  • Mr. Rahul Bhatnagar (Non-Executive Independent Director) - Member
  • Ms. Samara Gupta (Whole-time Director) - Member

Meeting Details

The Board Meeting commenced at 12:00 PM and concluded at 2:07 PM on August 7, 2026.