Terai Tea Company Ltd

AGM Details

• 53rd AGM held 30 Sep 2026, 10:30 AM IST, at registered office, Kolkata.
• Mode: Physical meeting with remote e-voting facility (27–29 Sep 2026).

Resolutions

• Resolution 1 (Ordinary): Adoption of audited standalone and consolidated financial statements for the year ended 31 March 2026.
• Resolution 2 (Ordinary): Re-appointment of Rajendra Kanodia by rotation.
• Resolution 3 (Ordinary): Approval of remuneration to Cost Auditor for FY 2026-27.
• Resolution 4 (Special): Change in designation of Rajendra Kanodia to Whole-Time Director.

Voting status

• Resolution 1 outcome not disclosed; results to be communicated within 2 working days.
• Resolution 2 outcome not disclosed; results to be communicated within 2 working days.
• Resolution 3 outcome not disclosed; results to be communicated within 2 working days.
• Resolution 4 outcome not disclosed; results to be communicated within 2 working days.

Director changes

• Rajendra Kanodia designated as Whole-Time Director, replacing Non-Executive.

AGM notice and access details

• 53rd AGM scheduled 30 September 2026 at 10:30 AM at East India House, Kolkata.
• Notice and Annual Report 2025-26 available via company website, BSE/CDSL portals, and QR code.
• Electronic notices sent to shareholders with registered email; others must access via web link/QR code.
• Shareholders with unregistered emails should update KYC and email with DP/RTA to receive notices.
• For queries, contact Maheshwari Datamatics as RTA.

Record date and book closure

• Record date fixed for e-voting and AGM: 23 September 2026.
• Registers of Members and share transfer books closed 24–30 September 2026.

Book closure details

• Closure period: 24 September 2026 to 30 September 2026 (inclusive) for AGM 2025-26.
• Register of Members and Share Transfer Books closed during the period.
• Cut-off date for e-voting and AGM: 23 September 2026.
• Purpose: Annual General Meeting for FY 2025-26.

Financial performance

• Standalone revenue from operations: Rs 8,871.39 Lakhs.
• Standalone total income: Rs 10,266.63 Lakhs.
• Standalone PBT: Rs 513.72 Lakhs.
• Standalone PAT: Rs 959.92 Lakhs.
• Standalone EPS: Rs 13.95.
• Consolidated PAT: Rs 518.46 Lakhs.
• Consolidated EPS: Rs 7.54.
• Standalone net worth: Rs 9,752.27 Lakhs.
• Consolidated borrowings: Rs 3,842.59 Lakhs.
• Dividend not recommended for 2025-26.
• CRISIL credit ratings: BBB-/Stable (long-term) and A3 (short-term).

Operations and production

• Tea production 26.94 Lakh kg; sales 26.32 Lakh kg.
• Average price realization Rs 120.99 per kg.
• Bagdogra 5.15 Lakh kg; CTC 8.65 Lakh kg; Adhikari 13.14 Lakh kg.
• Company manufactures and sells tea; trades agri merchandise.

Capital structure and liquidity

• Consolidated borrowings: current Rs 2,395.02; non-current Rs 1,447.57; total Rs 3,842.59.
• Total consolidated assets: Rs 21,261.13 Lakhs; total equity Rs 16,568.68 Lakhs.
• Current investments: Rs 5,332.66; cash and equivalents: Rs 56.63 Lakhs.
• CRISIL ratings: BBB-/Stable long-term; A3 short-term.
• Current ratio 2.77; debt-equity 0.39; ROE 3.18%.

Governance and leadership

• 53rd AGM held on 30 Sep 2026; Remuneration to Cost Auditor approved Rs 15,000.
• Rajendra Kanodia designated as Whole-Time Director for five years from 25 Aug 2026.
• Shashi Kala Agarwala reappointed; Ajit Kumar Agarwala reappointed as MD.
• Board meetings held: 14 in the year.

Dividend and corporate actions

• No dividend recommended for year ended 31 March 2026.
• Share capital remained at Rs 6.8793 crore; unchanged during the year.
• AGM notice and annual report circulated electronically to members.

Related party transactions and risk

• All related party transactions were in ordinary course and at arm's length.
• Policy on materiality of related party transactions available on teraigroup.com.
• Key related parties include Sayedabad Tea Co, New Darjeeling Union Tea Co, East Indian Produce.

Audit, internal controls and governance

• Statutory auditor: Saha & Majumder; Secretarial auditor: Prity Bishwakarma & Co.
• Cost auditor: Debabrota Banerjee & Associates; re-appointed for 2025-26.
• Independent Directors provided declarations; unqualified audit opinion.
• Internal controls are adequate and operating effectively.

Subsidiaries and associates

• Subsidiary: Terai Retailors Private Limited (Wholly-owned).
• Associates include Abhijit Tea Co Pvt Ltd; New Darjeeling Union Tea Co Ltd; East Indian Produce Ltd.
• Other associates include Sayedabad Tea Co Ltd; Terai Overseas; Terai Infrastructures; Terai Ispat & Trading.

Sector and outlook

• Indian tea market expected CAGR about 4.2-4.5% through 2030s; premium segments rising.
• Industry risks: weather, labour costs, high input costs; irrigation investments ongoing.
• Company exploring tea tourism, hospitality, and commercial real estate opportunities.

AGM Details

• Date and time: 30 September 2026 at 10:30 AM.
• Venue: Registered Office, East India House, 2nd Floor, Kolkata.
• Mode: Physical AGM with remote e-voting facility.
• Registers closed for AGM: 24–30 September 2026.
• Voting cut-off: 23 September 2026.

Key Resolutions

• Ordinary: Adoption of standalone and consolidated financial statements for year ended 31 March 2026.
• Ordinary: Re-appointment of Rajendra Kanodia, retiring by rotation.
• Ordinary: Remuneration to Cost Auditor Rs 15,000 plus GST for 2026-27.
• Special: Change in designation to Whole-Time Director with five-year term and continuation beyond age 70.

Voting Status

• Resolution 1: Voting outcome not disclosed in filing.
• Resolution 2: Voting outcome not disclosed in filing.
• Resolution 3: Voting outcome not disclosed in filing.
• Resolution 4: Voting outcome not disclosed in filing.

Director Changes

• Designation change: Rajendra Kanodia to Whole-Time Director from 25 Aug 2026 for five years.
• Continuation beyond 70: Allow continuation as Whole-Time Director beyond age 70.
• Remuneration terms: Rs 1,35,000 monthly; travel reimbursements; no sitting fees; minimum remuneration.

Cost Auditor Remuneration

• Remuneration for Cost Auditor: Rs 15,000 plus GST for 2026-27 to Debabrota Banerjee & Associates.

Designation change and appointment

• Designation changed: Rajendra Kanodia becomes Executive-Whole-time Director.
• Remuneration fixed for five years from 25 Aug 2026 to 24 Aug 2031.
• Subject to shareholders' approval at the ensuing AGM.
• Reason: change in designation per Nomination and Remuneration Committee.
• Brief profile: over 40 years in tea, marketing and finance.
• Board member since 28 January 1987.
• Disclosure: no relationships with other directors or management.
• Effective date: 25 August 2026; term through 24 August 2031.