Grob Tea Q1 FY27 Results: Profit Before Tax at ₹326.85 Lakhs, Board Approves Acquisition
The Grob Tea Company Limited reported Q1 FY27 un-audited results with a profit before tax of ₹326.85 Lakhs. The Board approved the Cost Audit Report and inter-corporate loans for FY27. Mr. Niraj Kumar Harodia resigned as Independent Director. The company also acquired 100% of Bazaloni Group Limited for ₹72.16 Cr.
The key events include the company's financial results, the resignation of an independent director, and a significant acquisition, all of which have a material impact on the company's operations and governance.
The company reported a profit in the current quarter after a loss in the previous quarter, and also announced a strategic acquisition, indicating positive business developments.
The Grob Tea Company Limited announced its un-audited financial results for the quarter ended June 30, 2026, following a Board Meeting held on August 12, 2026. The company reported a profit before exceptional items and tax of ₹326.85 Lakhs for the quarter, a significant improvement from the loss of ₹1,717.11 Lakhs in the preceding quarter. Total income for the quarter stood at ₹2,450.72 Lakhs.
The Board also approved the Cost Audit Report for the financial year 2025-2026, prepared by M/s Dipak Lal & Associates. Furthermore, the company proposed and approved Inter Corporate Deposits and Other Loans for the Financial Year 2026-2027, as recommended by the Audit Committee and sanctioned by the Finance Committee.
In a significant development, the Board took note of and accepted the resignation of Mr. Niraj Kumar Harodia, Independent Director, effective August 12, 2026, due to personal reasons and other commitments. Consequently, the Board approved the reconstitution of certain committees, including the Audit Committee, Nomination and Remuneration Committee, and the Independent Director's Committee, with effect from August 13, 2026.
Additionally, subsequent to the reporting period, The Grob Tea Company Limited completed the acquisition of 100% equity share capital of Bazaloni Group Limited on July 28, 2026, for a total investment of ₹72.16 Cr, making it a wholly-owned subsidiary. This strategic move aims to strengthen the company's business operations and expand its presence in the tea industry.
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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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