Grob Tea Declares ₹2 Dividend, Appoints New Auditor and MD
Grob Tea declared a dividend of ₹2 per share for FY ended March 31, 2026. The company appointed M/s B Nath & Company as the new Statutory Auditor and approved the re-appointment of Mr. Pradeep Kumar Agarwal as Managing Director for three years. Mr. Kishan Kejriwal and Mrs. Nidhi Shah were appointed as Independent Directors. Related party transactions up to ₹5 crore were approved.
The dividend declaration, changes in auditors and directors, and related party transactions have a moderate impact on the company's operations and governance structure.
The company declared a dividend, reappointed key management, and appointed new directors and auditors, indicating stable operations and corporate governance.
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. A dividend of ₹2 per share for the Financial Year ended March 31, 2026, was declared.
The Board accepted the resignation of M/s G A R V & Associates as Statutory Auditors, effective May 13, 2026, due to a mismatch in fees. M/s B Nath & Company has been appointed as the new Statutory Auditor to fill the casual vacancy, effective May 14, 2026, and proposed for a 5-year term subject to shareholder approval.
Mr. Balkrishna Singhania resigned as an Independent Director, effective May 13, 2026, due to personal reasons. The Board approved the re-appointment of Mr. Pradeep Kumar Agarwal as Managing Director for three years from June 30, 2026, and also approved an increase in his remuneration, both subject to shareholder approval.
Mr. Kishan Kejriwal and Mrs. Nidhi Shah were appointed as Additional Non-Executive Independent Directors, effective May 13, 2026, for a term of five years, subject to shareholder approval. The company also approved the appointment of M/s A. R. MAITI & CO as Internal Auditors for FY 2026-2027 and M/s Dipak Lal & Associates as Cost Auditors for FY 2026-2027.
Material related party transactions with Banka Enterprises Private Limited and K L Support Private Limited, each up to ₹5 crore, were approved, subject to shareholder approval. The Annual General Meeting for FY 2025-2026 is scheduled for August 11, 2026, with August 4, 2026, set as the record date for dividend entitlement. The book closure will be 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 dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by The Grob Tea Company Limited. Read the original for the full detail.