Tyroon Tea Company Ltd

Financial performance

• Revenue from operations: Rs 3,500.35 lakh in FY26.
• Turnover declined from Rs 41.23 crore to Rs 35.00 crore.
• PAT: loss Rs 234.88 lakh; prior year profit Rs 330.79 lakh.
• Basic/Diluted EPS: Rs -6.90.
• PBT before tax: Rs -276.16 lakh; after exceptional: Rs -269.16 lakh.
• Exceptional income: Rs 7.00 lakh.
• Tax: current Rs 1.50 lakh; deferred credit Rs 35.78 lakh; net Rs -34.28 lakh.
• No dividend proposed for the year.
• Net cash from operating activities: Rs -346.21 lakh.
• Total assets: Rs 5,710.80 lakh; equity: Rs 3,944.00 lakh.
• Net debt: Rs 317.19 lakh; gearing 0.08x.
• Closing cash Rs 51.46 lakh; tea stock Rs 74.34 lakh.
• Average realisation Rs 261/kg; production declined.
• Unharvested tea leaves: 70,567 kg.

Operational context

• Single tea segment; no other revenue streams.
• Avg price realisation fell to Rs 261/kg FY26 from Rs 283/kg FY25.
• Inventory total Rs 315.53 lakh; tea stock Rs 74.34 lakh.
• Biological assets Rs 33.64 lakh; bearer plants valued per policy.
• 1349 permanent employees; Trustea certification achieved.
• Energy use: electricity purchased 10,53,597 units; cost Rs 1,04,47,219.

Capital structure & liquidity

• Total borrowings Rs 368.65 lakh; current Rs 331.29; non-current Rs 37.36.
• Cash and cash equivalents Rs 51.46 lakh; net debt Rs 317.19 lakh.
• Equity Rs 3,944.00 lakh; gearing 0.08x.
• Total assets Rs 5,710.80 lakh; current assets Rs 2,698.01 lakh.
• Cash flow: operating Rs -346.21 lakh; investing Rs -86.14 lakh; financing Rs 330.14 lakh.

Governance & board

• Board four directors; no executive directors.
• Anuradha Jalan re-appointed; DIN 09059592.
• Ummedmal Banthia resigned 23 Sep 2025.
• Kailash Pati Todi appointed 24 Jul 2025.
• Board meetings: seven in FY26.
• Independent Directors met on 13 Feb 2026.
• Audit Committee: five meetings; chaired by Deepak Swain.
• Stakeholders Relationship Committee: two meetings; chair Kailash Pati Todi from Jul 2025.
• Auditors: K. N. Gutgutia & Co; Secretarial: D. C. Sahoo & Co.

Audit & controls

• Statutory auditors reported no qualifications; no material fraud.
• Internal controls deemed adequate; reviewed by Audit Committee.
• Secretarial audit by D.C. Sahoo & Co noted charges not updated; progress with bankers.
• Compliance with SEBI LODR and corporate governance required disclosures.

Related party transactions

• Remuneration to S. P. Jalan: Rs 31.28 lakh.
• Director fees: Rs 0.07 lakh; Hasimara loan: Rs 4.00 crore.
• Interest received from Hasimara: Rs 40.00 lakh; interest payable to Jalan: Rs 6.44 lakh.
• Outstanding: Hasimara loan Rs 400.00 lakh; Jalan loan Rs 45.00 lakh; Hasimara 25.09 lakh.

CSR & ESG

• CSR not applicable for FY25-26 under Section 135(1).
• Trustea certification; energy conservation measures undertaken.
• No sexual harassment cases; welfare programs in place.

Dividend & AGM

• Dividend not proposed for FY25-26.
• 31st AGM on 25 Sep 2026; VC/OAVM.
• Remote e-voting window: 22–24 Sep 2026.

Financial highlights

• Net profit after tax for quarter ended 30 Jun 2026: ₹115.52 Lakhs.
• EPS (basic and diluted) for quarter ended 30 Jun 2026: ₹3.40.
• Total comprehensive income for the quarter: ₹139.08 Lakhs.
• Deferred tax liability for quarter ended 30 Jun 2026: ₹35.78 Lakhs.
• Exceptional income: final compensation for tea plant loss due to HT poles installation.
• Total expenses for the quarter: ₹864.09 Lakhs.
• Cost of materials consumed: ₹112.12 Lakhs.
• Changes in finished goods and WIP: ₹(423.94) Lakhs.
• Employee benefits expense: ₹562.06 Lakhs.
• Finance costs: ₹11.59 Lakhs.
• Depreciation and amortisation: ₹27.85 Lakhs.
• Other expenses: ₹574.41 Lakhs.
• Profit before tax and exceptional items: ₹115.52 Lakhs.
• Paid-up equity share capital: ₹351.20 Lakhs.
• Business is single segment: cultivation, manufacture and sale of tea.
• Notes: Results unaudited; limited review by KNG Gutgutia & Co; seasonal business.

Dematerialisation/rematerialisation status

• Dematerialisation/rematerialisation requests processed within 30 days of receipt, as confirmed by the RTA.
• Securities dematerialised have been listed on the stock exchanges where the earlier issues are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner in the register within prescribed timelines.

Costs and margins

• 📊 Employee benefits expense was Rs 1,827.75 lakh, broadly flat YoY.
• 📊 Other expenses rose to Rs 1,745.78 lakh from Rs 1,713.08 lakh.
• 📊 Finance costs fell to Rs 19.23 lakh from Rs 44.47 lakh.
• 📊 Depreciation and amortisation increased to Rs 118.25 lakh from Rs 99.66 lakh.
• 📊 Cost of materials consumed was Rs 292.64 lakh, up from Rs 237.75 lakh.

Balance sheet and cash

• 📊 Total assets rose to Rs 5,710.80 lakh from Rs 5,605.31 lakh.
• 📊 Cash and cash equivalents fell to Rs 51.46 lakh from Rs 153.67 lakh.
• 📊 Borrowings increased to Rs 368.65 lakh from Rs 14.57 lakh.
• 📊 Inventories rose to Rs 315.53 lakh from Rs 295.87 lakh.
• 📊 Net cash from operations was negative Rs 346.21 lakh in FY26.
• 📊 Capex purchases of property, plant and equipment were Rs 124.50 lakh.

Tea business

• 🗒️ The company operates in one segment: cultivation, manufacture and sale of tea.
• 🗒️ Tea cultivation and manufacture are seasonal, so quarterly performance is not representative of annual performance.
• 🗒️ Cost of materials consumed represents green leaf purchased.

Audit and other items

• 📍 Statutory auditors issued an unmodified opinion on the standalone FY26 results.
• 🗒️ The company said Labour Code changes had no material impact.
• 🗒️ A Rs 22.68 lakh insurance claim was lodged for damaged tea at a third-party warehouse.
• 🗒️ A conditional debt repayment agreement covers a Rs 4 crore related-party loan.

Board Meeting Scheduled

• Board meeting scheduled for 31 March 2026 at 3:30 PM at registered office
• Agenda includes discussion of loan repayment agreement with Hasimara Industries Limited
• Loan repayment agreement is a non-material related party transaction
• Approval of the loan repayment agreement subject to Audit Committee approval

🗓️ Meeting Details

• Board meeting scheduled for 13 February 2026 at 3:30 PM at the registered office.

📊 Financial Results

• Board to consider unaudited financial results for the quarter and nine months ended 31 December 2025.