The Bombay Burmah Trading Corporation Limited has informed the Exchange regarding Outcome of Board Meeting held on March 26, 2026.
BBTC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of The Bombay Burmah Trading Corporation, held on March 26, 2026, approved the sale of its Dunsandle Tea Estate located in Sholur Village, Udhagamandalam, Nilgiris District. The estate contributed Rs. 5.65 Cr in turnover (2.05% of total) and Rs. 7.10 Cr in net worth (3.76% of total) in the last financial year, making it a relatively small part of the company's business. The buyers are four individuals from the Rangasamy family (Rangasamy, Rathinambal, Durai Arun, and Saran) along with Poomex Clothing Company, none of whom belong to the promoter or group companies. No consideration has been received yet, and definitive agreements are yet to be executed subject to regulatory approvals. The transaction is not a related party transaction and is not part of any scheme of arrangement.
The sale is of a small division (~2% of revenue), so the direct financial impact is limited, though it signals a strategic exit from this particular tea estate. Shareholders should await details of the final sale consideration and completion timeline, as no cash has been received and agreements are still pending.