The Grob Tea Company Limited
Incorporated in 1895, Grob Tea Co. Ltd is engaged in growing and manufacture of Tea and LED trading business
What The files
- Others60
- Important14
- Updates14
- Board Meeting10
- Dividend/Bonus4
- JV/Acquisition3
Grob Tea's AGM approved all 11 proposals, including financial statements and a **Rs 2 per share dividend**. Shareholders also backed the re-appointment of directors, Managing Director's remuneration, and key related party transactions, signaling stable governance.
Grob Tea Company announced Independent Director Mr. Niraj Kumar Harodia has resigned due to personal reasons. He will also step down from the Audit, Nomination & Remuneration, and Independent Director committees. No direct financial impact.
The company advises physical share holders to update PAN, KYC, and nomination details. This is now mandatory. Non-compliance will halt service requests; future payments will be electronic. Submit required forms to the RTA or Company promptly.
Grob Tea completed the acquisition of 100% equity in Bazaloni Group, a tea manufacturer with Rs 52.78 Cr turnover and Rs 6.88 Cr net profit. The Rs 72.16 Cr cash deal aims to expand and strengthen Grob Tea's presence in the tea industry.
Revenue dropped to Rs 114.38 Cr, PAT to Rs 5.75 Cr. Dividend cut to Rs 2/share. Tea production and prices fell, but new orthodox factories are expanding. Acquiring Bazaloni Group for Rs 71.80 Cr; debt-equity ratio increased significantly.