Appointment of LABH and LABH Associates, Company Secretaries as the Secretarial Auditor of the Company for the period of 5 years, subject to approval of the shareholders at the 42nd AGM.
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Kanco Tea & Industries reported audited FY25 results with standalone revenue of Rs. 8,656 lakhs (up from Rs. 7,597 lakhs in FY24) but posted a net loss of Rs. 877 lakhs (vs Rs. 919 lakhs loss last year), with EPS of Rs. (17.94). Consolidated revenue was Rs. 8,679 lakhs with a loss after tax of Rs. 834 lakhs. The Board did not recommend any dividend citing continued losses and industry headwinds. Statutory auditors NKSJ & Associates issued an unmodified opinion on the results. The Board also approved the appointment of LABH & LABH Associates as Secretarial Auditor for a 5-year term (FY26–FY30), re-appointed A.C. Dutta & Co as Cost Auditor for FY26, and named CFO Mr. Subhra Kanta Parhi as Internal Auditor for FY26. Mr. Umang Kanoria was re-appointed as Managing Director for another 5-year term effective 1st August 2025, subject to shareholder approval at the 42nd AGM on 26th August 2025. The Share Transfer Committee was dissolved, with its duties transferred to the Stakeholders' Relationship Committee.
The results show marginal improvement in revenues but continued losses and no dividend, which is negative for income-seeking shareholders. The re-appointment of the existing Managing Director and routine auditor changes are procedural and unlikely to materially affect the stock price in the short term.