Annual Report of Diana Tea Co Ltd as on 31st March, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Diana Tea Company has submitted its Annual Report for the financial year ended March 31, 2025, along with the notice for its 114th Annual General Meeting scheduled for August 25, 2025 at 3:00 PM via video conferencing. The Board has not recommended any dividend for FY25, citing losses incurred during the year. The AGM agenda includes several items: appointment of M/s MR & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), appointment of two new Independent Directors (Mr. Ravindra Suchanti and Mr. Navin Nayar), re-appointment of Mr. Sandeep Singhania as Managing Director for five years from August 27, 2025, and re-appointment of Mr. Kiran Nanoo Desai as Non-Executive Independent Director for a second term. The report also notes changes in board composition during the year, with Mr. Devang Singhania joining as Whole-Time Director and two independent directors ceasing their roles. The company operates three tea estates in Jalpaiguri district (Diana, Baintgoorie, and Good Hope) and transferred ₹74,141 to the Investor Education and Protection Fund.
Shareholders looking for dividend income will be disappointed as no dividend has been declared due to FY25 losses, suggesting the company is going through a tough phase. The heavy presence of promoter family members (Sandeep, Sarita, and Devang Singhania) on the board and their remuneration approvals being sought may concern governance-focused investors. For retail investors, the AGM is a key date to watch as several material decisions including board continuity and auditor appointments will be put to vote.