Vintage Coffee Board Approves Office Change, Auditor Appointment, Remuneration Hike, and Preferential Issue
Vintage Coffee And Beverages Limited's Board approved a change in registered office and appointed new statutory auditors. Remuneration for CMD Balakrishna Tati increased to ₹30 Lakhs/month, and he was re-appointed. The company will also issue up to 30 Lakh ESOPs and 42 Lakh warrants via preferential allotment at ₹164 each. The 46th AGM is scheduled for September 30, 2026.
The changes in registered office, appointment of auditors, significant remuneration hikes for top management, approval of ESOPs, and a substantial preferential issue are all material events that can significantly impact the company's operations, governance, and financial structure.
The announcement includes several positive developments such as an increase in remuneration for key management, re-appointment of the CMD, and plans for ESOPs and a preferential issue, indicating growth and commitment.
Vintage Coffee And Beverages Limited announced the outcome of its Board Meeting held on September 4, 2026. The board approved the change in the company's registered office from Hyderabad, Telangana – 500003, to a new address in Gachibowli, Hitech City, Hyderabad – 500032, effective September 4, 2026.
The company also approved the appointment of M/s. Sreedar Mohan & Associates as Statutory Auditors for a period of two years, commencing from the conclusion of the 46th Annual General Meeting (AGM) until the conclusion of the 48th AGM. This appointment is subject to shareholder approval.
Furthermore, the board approved an increase in remuneration for Mr. Balakrishna Tati, Chairman and Managing Director, to ₹30,00,000 per month plus a commission of 3.5% of net profits. Mr. Tati's re-appointment as Chairman and Managing Director for a period of five years from July 16, 2027, was also approved, pending shareholder consent.
Remuneration for Mr. Sai Teja Tati, Whole-time Director, was increased to ₹10,00,000 per month plus a 1% commission on net profits, also subject to shareholder approval.
The board also approved the issuance of up to 30,00,000 stock options to eligible employees under the “VCBL Employee Stock Options Scheme 2026”. Additionally, the company plans to issue up to 42,00,000 convertible warrants at an issue price of ₹164 each to the Promoter/Promoter Group via preferential allotment, subject to shareholder approval.
The 46th AGM for the Financial Year 2025-26 is scheduled for September 30, 2026, at 1:45 p.m. through Video Conferencing. The book closure for dividend and AGM purposes will be from September 24, 2026, to September 30, 2026.
A plain-language summary of a public exchange filing by Vintage Coffee And Beverages Limited. Read the original for the full detail.
