Asian Tea & Exports Ltd

Rama Garg – Re-appointment as Director

• Re-appointment of Rama Garg as Director liable to retire by rotation at AGM 28 Sep 2026.
• Not debarred from holding office; SEBI disclosures provided.
• Extensive tea industry knowledge; 25+ years' experience on group boards.
• Relationships: daughter-in-law of Hariram Garg; aunt of Raunak Garg; sister-in-law of Sunil Garg.
• Impact: continues as Director without change in designation.

Hariram Garg – MD stepping down to Chair & NED

• Voluntary stepping down from Managing Director with effect 28 Sep 2026.
• Continuing as Chairman & Non-Executive Director.
• Reason: health-related issues; no other material reasons stated.
• Not debarred from holding office; disclosure provided.
• Profile: founder with 40+ years in tea; engineer from BITS Pilani.
• Relationships: father of Sunil Garg; grandfather of Raunak Garg; father-in-law of Rama Garg.
• Impact: MD role ceased; governance as Chairman & NED maintained.

Sunil Garg – MD appointment

• Appointed Managing Director for a 5-year term.
• Term: 28 Sep 2026 to 27 Sep 2031.
• Change in designation from NED to MD.
• Background: former Non-Executive Non-Independent Director.
• Not debarred; SEBI disclosures provided.
• Relationships: son of Hariram Garg; brother-in-law of Rama Garg; father of Raunak Garg.
• Impact: MD appointment strengthens leadership.

Akhil Kumar Manglik – Independent Director re-appointment

• Re-appointment as Non-Executive Independent Director for five years.
• Term: 06 Sep 2026 to 05 Sep 2031.
• Profile: Chartered Accountant with 35 years’ wealth-management experience.
• Not debarred; SEBI disclosures provided.
• Impact: strengthens board independence and governance.

AGM Details

• AGM held on 28 September 2026 at 2:00 PM IST via VC/OAVM.
• Record date for voting: 21 September 2026.
• Remote e-voting period: 25–27 September 2026.
• Shareholders on record: 18,007.

Resolutions and outcomes

• Adopt audited standalone and consolidated financial statements; passed with 99.9997% in favour, 0.003% against.
• Appoint Rama Garg as director on rotation; reappointment approved with 99.9997% in favour, 0.003% against.
• Approve stepping down from MD by Hari Ram Garg; continue as Chairman & NED; approved 99.9997% in favour.
• Appoint Sunil Garg as Managing Director; approved 99.9997% in favour.
• Re-appoint Akhil Manglik as Non-Executive Independent Director; approved 99.9997% in favour.

AGM Details

• AGM held on 28 September 2026 at 02:00 P.M. IST via VC/OAVM.
• Remote e-voting from 25–27 September 2026; e-voting open 15 minutes post-AGM.

Resolutions

• Ordinary: Adopt audited Standalone and Consolidated Financial Statements for year ended 31 March 2026.
• Ordinary: Reappointment of Rama Garg, who retires by rotation.
• Special: Voluntary stepping down of MD Hariram Garg; continue as Chairman & Non-Executive Director.
• Ordinary: Appointment of Sunil Garg as Managing Director.
• Special: Re-appointment of Akhil Kumar Manglik as Non-Executive Independent Director.

Voting status

• Resolutions deemed passed subject to receipt of requisite votes; results to be announced after Scrutinizer’s report.

Dividend

• No dividend proposed or declared.

Director changes & appointments

• Hariram Garg stepping down as MD; remains as Chairman and Non-Executive Director.
• Sunil Garg appointed as Managing Director.
• Akhil Kumar Manglik reappointed as Non-Executive Independent Director.

Auditors

• No appointment changes in statutory auditors announced.

Material related party transactions

• No material related party transactions disclosed.

Other material approvals

• No other material approvals reported.

Asian Tea & Exports Limited — Trading window closed for Designated Persons from 01 October 2026 to 48 hours after the declaration of the Unaudited Financial Results for the 2nd quarter and half year ended 30 September 2026

KMP materiality authorization

• KMPs authorized to determine materiality under Reg 30(5): MD, CFO, and CS.
• Names listed: Hariram Garg (MD), Raunak Garg (CFO), Priyarup Mukherjee (CS).
• Details updated on the company's website.

Book closure and AGM details

• Book closure: 22 September 2026 to 28 September 2026 (inclusive).
• Purpose: AGM – 40th Annual General Meeting.
• AGM date: 28 September 2026 at 2:00 PM.
• Security: Equity shares.

AGM Details

• 40th AGM on 28 September 2026 at 02:00 PM IST via VC/OAVM.
• Register of Members and Share Transfer Register closed 22-09-2026 to 28-09-2026 (inclusive).

Ordinary Business

• Adopt audited standalone and consolidated financial statements for the financial year ended 31 March 2026.
• Reappoint Rama Garg as Director, retiring by rotation.

Special Business

• Hariram Garg to voluntarily step down as MD from 28 Sep 2026; remains Chairman & Non-Executive Director.
• Sunil Garg to be Managing Director for five years from 28 Sep 2026; to become Executive Director.
• Akhil Manglik re-appointed as Non-Executive Independent Director for five years from 6 Sep 2026.

Director Changes

• Hariram Garg to step down as MD; continue as Chairman & Non-Executive Director.
• Sunil Garg appointed MD for five years from 28 September 2026.
• Akhil Manglik re-appointed as Non-Executive Independent Director for five years from 6 September 2026.
• Sunil Garg remuneration: only sitting fees.

AGM Details

• AGM scheduled for 28 September 2026 at 02:00 PM IST via VC/OAVM.
• Cut-off date for e-voting fixed at 21 September 2026.

Board Meeting Outcomes – 3 Sep 2026

• 40th AGM scheduled for Sep 28, 2026 at 2:00 PM via VC/OAVM.
• Register of Members and Share Transfer Books will close Sep 22–28, 2026.
• Cut-off date for voting rights for remote e-voting and AGM is Sep 21, 2026.
• Ms. Puja Pujari appointed Scrutinizer for AGM, to oversee votes.
• Notice of 40th AGM and related reports for FY 2025-2026 issued.