Peria Karamalai Tea & Produce Recommends Dividend, Reappoints MD
The Peria Karamalai Tea & Produce board approved FY26 audited results and recommended a dividend of ₹0.75 per share. Mrs. Alka Lakshmi Niwas Bangur was re-appointed as Managing Director for three years from September 17, 2026, subject to shareholder approval.
Dividend recommendation and management changes are significant for shareholders and company operations, but do not represent a drastic shift in business.
The recommendation of a dividend and the re-appointment of the Managing Director are positive developments for the company.
The Board of Directors of The Peria Karamalai Tea & Produce Company Limited, in its 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%) for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Additionally, the Board approved the re-appointment of Mrs. Alka Lakshmi Niwas Bangur as Managing Director for a period of three years, effective September 17, 2026, also pending shareholder approval at the AGM. Mrs. Bangur, who holds a Master's degree in English, Hindi, and Business Administration, has been associated with the company since 1993 and is related to Mr. Lakshmi Niwas Bangur, a Director on the Board.
The meeting commenced at 11:00 AM and concluded at 1:25 PM. The company also disclosed that Maharaja Shree Umaid Mills Limited (MSUML) has become its holding company with an approximate 51.66% shareholding.
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The Peria Karamalai Tea & Produce 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 medium impact: worth reading, rarely worth acting on by itself.
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