Board Meeting Details
The Board of Directors meeting was held on August 5, 2026, commencing at 12:15 PM and concluding at 3:30 PM. The board approved the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026.
Financial Results - Standalone (₹ in Lakhs)
Income Statement Highlights:
- Revenue from Operations: ₹3,225.16 (Q1 FY27) vs ₹2,222.32 (Q4 FY26) vs ₹2,707.61 (Q1 FY26)
- Other Income: ₹44.28 (Q1 FY27) vs (₹450.76) (Q4 FY26) vs ₹92.64 (Q1 FY26)
- Total Income: ₹3,269.44 (Q1 FY27) vs ₹1,771.56 (Q4 FY26) vs ₹2,800.25 (Q1 FY26)
- Total Expenses: ₹3,495.23 (Q1 FY27) vs ₹2,278.96 (Q4 FY26) vs ₹3,323.40 (Q1 FY26)
- Loss before tax: (₹225.79) (Q1 FY27) vs (₹507.40) (Q4 FY26) vs (₹523.15) (Q1 FY26)
- Tax Expense: (₹14.59) deferred tax (Q1 FY27) vs (₹0.93) (Q4 FY26) vs (₹9.64) (Q1 FY26)
- Net Loss: (₹211.20) (Q1 FY27) vs (₹506.47) (Q4 FY26) vs (₹513.51) (Q1 FY26)
- Total Comprehensive Loss: (₹208.74) (Q1 FY27) vs (₹517.87) (Q4 FY26) vs (₹506.42) (Q1 FY26)
Key Metrics:
- Paid-up Equity Share Capital: ₹828.44 lakhs (face value ₹10 per share)
- Basic/Diluted EPS: (₹2.55) (Q1 FY27) vs (₹6.11) (Q4 FY26) vs (₹6.20) (Q1 FY26)
Segment-wise Performance - Standalone (₹ in Lakhs)
Revenue by Segment (Q1 FY27):
- Tea: ₹1,650.13
- Coffee: ₹559.74
- Rubber: ₹1,007.00
- Others: ₹8.29
Segment Results (Q1 FY27):
- Tea: (₹176.71) loss
- Coffee: (₹202.45) loss
- Rubber: ₹320.45 profit
- Others: (₹0.58) loss
Regulatory Compliance Disclosures
Additional Disclosures as per Regulation 52(4):
- 24,00,000-6% Non-Convertible Redeemable Preference Shares (Unlisted): ₹2,400.00 lakhs
- Capital Redemption Reserve: ₹0.42 lakhs
- Net-worth: ₹5,742.37 lakhs (Q1 FY27) vs ₹5,951.10 lakhs (Q4 FY26)
- Debt-equity ratio: 0.52 (Q1 FY27) vs 0.46 (Q4 FY26)
- Debt service coverage ratio: 1.06 (Q1 FY27) vs (0.36) (Q4 FY26)
- Interest Service Coverage Ratio: 0.47 (Q1 FY27) vs (0.35) (Q4 FY26)
- Current Ratio: 0.75 (Q1 FY27) vs 0.69 (Q4 FY26)
- Operating Margin: 1.01% (Q1 FY27) vs 10.75% (Q4 FY26)
- Net profit margin: (6.55%) (Q1 FY27) vs (22.79%) (Q4 FY26)
Consolidated Financial Results (₹ in Lakhs)
Key Consolidated Figures:
- Revenue from Operations: ₹3,282.54 (Q1 FY27)
- Total Income: ₹3,314.01 (Q1 FY27)
- Total Expenses: ₹3,499.88 (Q1 FY27)
- Loss before tax: (₹185.87) (Q1 FY27)
- Net Loss: (₹170.29) (Q1 FY27)
- Total Comprehensive Loss: (₹167.83) (Q1 FY27)
- Basic/Diluted EPS: (₹2.06) (Q1 FY27)
Entities Included in Consolidation:
- Subsidiary: Keshava Plantations Private Limited
- Associate: The Cochin Malabar Estates and Industries Ltd
Security Cover Certification
Debenture Details:
- Type: Private Placement, Secured
- Value: ₹23 Crore (₹2,300 lakhs)
Security Cover Analysis as of June 30, 2026:
- Exclusive Security Cover Ratio: 6.84 (684%)
- Security Coverage: Debt securities are secured by exclusive charge against title deeds of Land of Cowcoody Estate only
- Market Value Basis: Valuation report from RM Mayileru & Co., approved valuers dated May 30, 2025
- Carrying Values: Extracted from standalone unaudited books for quarter ended June 30, 2026
Covenant Compliance:
- The company confirmed compliance with all covenant/terms of the issue mentioned in the offer document/Information Memorandum and Debenture Trust Deed
- No covenants were failed during the quarter ended June 30, 2026
Auditor Review
Singhi & Co., Chartered Accountants (Firm Registration No. 302049E) reviewed both standalone and consolidated financial results and issued limited review reports without modification. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410.
Important Notes
1. Plantation industry being seasonal in nature, results for part of the year cannot be taken as indicative of full year results
2. Figures for three months ended March 31, 2026 are balancing figures between audited full year and published nine-month figures
3. Financial results prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI Listing Regulations