Grob Tea Board Approves FY26 Results, ₹2 Dividend, Auditor Change & New Directors
The Grob Tea Company Limited approved audited standalone results for Q4FY26 and FY26. A dividend of ₹2 per share was declared. M/s. B Nath & Company appointed as new Statutory Auditor replacing M/s G A R V & Associates. Mr. Pradeep Kumar Agarwal re-appointed as MD for 3 years. Mr. Kishan Kejriwal & Mrs. Nidhi Shah appointed as Independent Directors. AGM on August 11, 2026.
The announcement includes significant corporate actions such as the declaration of dividend, appointment of new statutory auditors, re-appointment of the Managing Director, appointment of new independent directors, and approval of related party transactions, all of which can have a substantial impact on the company's operations and investor perception.
The company declared a dividend and approved financial results, which are generally positive indicators. While there were auditor and director resignations, these were managed with new appointments and a clear path forward, mitigating potential negative impacts.
The Grob Tea Company Limited announced the outcome of its Board Meeting held on May 13, 2026. The Board approved the audited standalone financial results for the quarter and year ended March 31, 2026, along with an unmodified audit report. A dividend of ₹2 per share for the financial year ended March 31, 2026, was declared.
The Board also noted the resignation of its Statutory Auditor, M/s G A R V & Associates, effective May 13, 2026, due to fee disagreements. Consequently, M/s. B Nath & Company has been appointed as the new Statutory Auditor to fill the casual vacancy and will hold office until the conclusion of the ensuing Annual General Meeting. Their appointment for a term of 5 years is subject to shareholder approval.
Furthermore, the Board accepted the resignation of Mr. Balkrishna Singhania as an Independent Director, effective May 13, 2026, citing personal reasons. Mr. Pradeep Kumar Agarwal has been re-appointed as Managing Director for a period of three years from June 30, 2026, subject to shareholder approval. His remuneration has also been increased, pending shareholder approval.
In terms of new appointments, Mr. Kishan Kejriwal and Mrs. Nidhi Shah have been appointed as Additional Non-Executive Independent Directors, effective May 13, 2026, for a term of five years, subject to shareholder approval. The Board also approved the reconstitution of various committees, including the Audit Committee, Stakeholder Relationship Committee, Nomination and Remuneration Committee, and Independent Director’s Committee, effective May 14, 2026.
The company has appointed M/s A. R. MAITI & CO as the Internal Auditor for FY 2026-2027 and M/s Dipak Lal & Associates as the Cost Auditor for FY 2026-2027. The Board also approved material related party transactions with Banka Enterprises Private Limited and KL Support Private Limited, each up to ₹5 crore for FY 2026-2027, subject to shareholder approval.
The Annual General Meeting for FY 2025-2026 is scheduled for August 11, 2026, at 2:00 p.m. via Video Conference. The record date for dividend entitlement is August 4, 2026, and the Register of Members will be closed from August 5 to August 11, 2026.
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The Grob Tea Company Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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