Submission of Consolidated Scrutiniser Report and Voting Results for 146th AGM held on 28.11.2025.
Awaiting price reaction for this filing.
Longview Tea Company held its 146th AGM on 28 November 2025 via video conferencing. Out of 8,436 eligible members holding 29,96,500 shares, only 48 shareholders holding 10,95,084 shares cast votes (36.55% turnout). All 5 resolutions were defeated, with 6,96,612 votes (63.61%) against versus 3,98,472 (36.39%) in favour. Resolution 2 (re-appointment of Mr. Pradip Kumar Daga) was dropped as he passed away on 18-11-2025. The remaining 4 resolutions — adoption of FY25 audited financial statements, appointment of Secretarial Auditor Pravin Kumar Drolia for 5 years, and appointment of two Independent Directors (Ms. Navpreet Kaur and Mr. Kuldeep Singh Rathore) — were all voted down. Notably, the promoter group holding 13,29,611 shares voted against every resolution, which directly caused the defeats.
This is a serious red flag for shareholders. The failure to even adopt the FY25 audited financial statements means the company faces a governance and compliance crisis. Promoter dissent on this scale suggests an internal family or boardroom conflict, possibly linked to the demise of director Pradip Kumar Daga. Expect heightened volatility, governance scrutiny, and the need for a fresh AGM/EGM to pass these routine items.