Rossell India Ltd

Rossell India Ltd: Closure of Trading Window from 1 October 2026 till expiry of 48 hours after the declaration of Unaudited Financial Results for the quarter and half year ended 30 September 2026

Change in management

• Digant Mahesh Parikh appointed Whole Time Director from 26 August 2026 for three years to 31 July 2029.
• Not debarred from holding the director position by SEBI or any other authority.

MD re-appointment: Harsh Mohan Gupta

• Re-appoints Harsh Mohan Gupta as Executive Chairman and MD for 1 Apr 2027–31 Mar 2030.
• Reason: further three-year term after expiry of current tenure on 31 March 2027.
• Profile: BA (Hons), ~48 years in aviation and tea industry leadership.
• Disclosure: not related to Directors/KMP except as father of Ms. Samara Gupta.

WTD re-appointment: Samara Gupta

• Re-appoints Samara Gupta as Whole Time Director for 9 Feb 2027 to 31 Jan 2030.
• Reason: further three-year tenure commencing 9 Feb 2027.
• Profile: associated since 2014 as Vice-president; leads strategy and CSR.
• Disclosure: not related to Directors/KMP except as daughter of Harsh Mohan Gupta.

Director and WTD appointment: Digant Parikh

• Appointed as Director and Whole Time Director; effective 26 Aug 2026; approx until 31 Jul 2029.
• Approved by AGM via special resolution.
• Profile: Senior Vice-President (Finance) since 2011; MBA Finance; ICWA intermediate.
• Disclosure: not related to Directors/KMP.

Cessation: Nirmal Kumar Khurana

• Cessation: Nirmal Kumar Khurana retired as Director and ceased WTD at AGM on 25 Aug 2026.
• Reason: age/superannuation per policy.
• Impact: ceased WTD; rotational director retirement.

AGM Details

• Date and time: 25 August 2026 at 11:00 AM
• Mode: VC/OAVM

Resolutions and outcomes

• Resolution 1 (Ord): Adopt Audited Financial Statements; passed with near-unanimous support.
• Resolution 2 (Ord): Dividend of Rs 0.40 per equity share; passed.
• Resolution 3 (Ord): Re-appoint Harsh Mohan Gupta as Director; passed.
• Resolution 4 (Spt): Fix overall maximum remuneration payable to Managerial Personnel; passed.
• Resolution 5 (Spt): Re-appoint Harsh Mohan Gupta as MD and Executive Chairman; passed.
• Resolution 6 (Spt): Re-appoint Samara Gupta as Whole-time Director; passed.
• Resolution 7 (Ord): Appoint Digant Mahesh Parikh as Director; passed.
• Resolution 8 (Spt): Appoint Digant Mahesh Parikh as Whole-time Director; passed.
• Resolution 9 (Spt): Ratify remuneration payable to Cost Auditors for 2026-27; passed.

AGM snapshot

• No AGM date, mode, or resolutions disclosed in this chunk.

Financial results approved

• Unaudited standalone Q1 30 Jun 2026 results approved; Limited Review Report attached; Audit Committee reviewed.

CFO and leadership changes

• Mr. Nirmal Kumar Khurana to retire as Director and WTD at AGM on 25 Aug 2026.
• He shall cease as CFO and Company Secretary & Compliance Officer on 1 Sep 2026.

Appointments

• Raunak Rathi appointed as CFO with effect from 15 Sep 2026.
• Manish Shaw appointed as Company Secretary and Compliance Officer with effect from 1 Sep 2026.

Committee reconstitution

• SRC reconstituted from 26 Aug 2026; Chairperson Nayantara Palchoudhuri; Members Krishan Katyal and Digant Mahesh Parikh.
• CSR reconstituted from 26 Aug 2026; Chairperson Nayantara Palchoudhuri; Members Rahul Bhatnagar, Nirmal Kumar Khurana, Samara Gupta.

Overview

• Standalone BRSR for FY2025-2026; seven tea estates in Assam.
• Primary activities: cultivation, manufacture, and sale of tea; 99.82% of turnover from tea.
• No holding/subsidiary/associate companies; reporting boundary is standalone.

Key ESG Risks & Opportunities

• Water management is an opportunity; rainwater harvesting and usage monitoring enhance resilience.
• Climate change poses a risk; Regen Agri, biochar, drainage and irrigation mitigate impacts.
• Occupational health and safety risk; audits, PPE and protocols in place.
• Training and skill development present opportunities; induction and upskilling ongoing.
• Product quality and traceability opportunities; Rainforest Alliance, Trustea, HACCP certifications.
• EPR applicability reviewed; currently not applicable.

Governance & Policy Highlights

• Executive Chairman oversees sustainability with board oversight; no dedicated sustainability committee.
• Key policies: anti-bribery, whistleblower mechanism, code of conduct, and human rights policies.
• Whistleblower policy accessible; anti-corruption policy and related governance measures in place.
• External assurance: Indocert (Rainforest Alliance/Trustea) and BSI (FSSC 22000) audits.
• No fines or penalties reported under NGRBC principles in FY2025-26.

Social Responsibility & Workforce

• Total employees 595; 578 permanent, 91% male, 9% female.
• Total workers 12,965; 42% male, 58% female.
• Well-being spend amounts to 4.31% of revenue; 100% health coverage; maternity/paternity benefits.
• All employees/workers are members of recognized unions.
• Human rights training: 78% of employees and 63% of workers trained.

Environmental Performance

• Total energy 192,625 GJ; renewable share 3,257 GJ; non-renewable 189,368 GJ.
• Scope 1 emissions 11,266 tCO2e; Scope 2 emissions 6,051 tCO2e; total 17,317 tCO2e.
• Emissions intensity: 78.5 tCO2e per crore turnover; PPP 17.1.
• Water withdrawal 15,768 kl; groundwater 15,693 kl; surface 75; intensity 71.4 KL per crore turnover.
• Total waste 4.10 tonnes; 100% recycled; plastic 2.74 t; non-hazardous 1.36 t.
• Certifications: Rainforest Alliance, Trustea, HACCP, FSSC 22000, FSSAI.
• Solar plants installed; 258.70 lakh at Dikom/Dhoedaam; 255.60 lakh at Nagrijuli/Romai.

Stakeholder Engagement & Complaints

• Key stakeholder groups: Customers, Employees, Community/NGOs, Investors/Shareholders/Analysts, Regulators.
• Engagement channels include feedback, meetings, trainings, CSR engagements, AGM; ongoing.
• Shareholders filed 3 complaints in FY2025-26; other categories show no unresolved complaints.
• Estate-level grievance redressal; POSH and whistleblower policies protect complainants.
• Grievance channels accessible via company website and investor information page.

Other Notable Metrics

• Inputs sustainably sourced; 100% Bought Leaf from own estates; about 35% MSME suppliers.
• Data privacy: cybersecurity policy not yet established; no data breaches reported.
• Product recalls: none reported; no penalties on product safety.
• EPR not applicable; external audits support standards.