Peria Karamalai Tea & Produce Recommends ₹0.75 Dividend; Appoints Alka Bangur as MD
The Peria Karamalai Tea & Produce Company Limited's Board approved audited financial results for the year ended March 31, 2026. They recommended a dividend of ₹0.75 per share and re-appointed Mrs. Alka Lakshmi Niwas Bangur as Managing Director for three years from September 17, 2026.
The dividend recommendation and MD re-appointment are material events for shareholders and stakeholders, impacting their decision-making and the company's governance, thus having a medium impact.
The announcement is positive due to the recommendation of a dividend and the re-appointment of a key management personnel, indicating stability and continued operations.
The Peria Karamalai Tea & Produce Company Limited announced that its Board of Directors, in a meeting held on May 26, 2026, approved the audited financial results for the quarter and year ended March 31, 2026.
The Board recommended a dividend of ₹0.75 per equity share (7.5%) of ₹10 face value, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Furthermore, Mrs. Alka Lakshmi Niwas Bangur (DIN 00012894) was re-appointed as the Managing Director for a period of three years, effective September 17, 2026, also pending shareholder approval at the ensuing AGM. She has been associated with the company since 1993 and holds a Master's degree in English, Hindi, and Business Administration. Mrs. Bangur is related to Mr. Lakshmi Niwas Bangur, a Director of the Company. The company also confirmed that Mrs. Bangur has not been debarred from holding office by any regulatory authority.
What to do with a filing like this
The Peria Karamalai Tea & Produce 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 Peria Karamalai Tea & Produce Company Limited. Read the original for the full detail.