Appointment of Secretarial Auditor, Internal Auditor and Cost Auditor
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Terai Tea Company's board, at its meeting on May 30, 2025, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations for FY25 came in at Rs. 10,299.50 lakhs (down from Rs. 10,806.44 lakhs in FY24), but standalone profit after tax rose to Rs. 368.05 lakhs (from Rs. 265.46 lakhs). On a consolidated basis, profit nearly doubled to Rs. 953.13 lakhs (from Rs. 492.50 lakhs), boosted by a Rs. 585.05 lakhs share of profit from associates. The board re-appointed Mr. Ajit Kumar Agarwala as Managing Director for 3 years effective August 12, 2025, subject to shareholder approval. It also re-appointed the Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30), and re-appointed the Internal Auditor and Cost Auditor for FY 2025-26. Statutory auditors M/s Saha & Majumder issued an un-modified opinion on both sets of results.
Routine governance updates with no negative surprises. The near-doubling of consolidated profit and improvement in standalone profit are mildly positive signals for shareholders, though standalone revenue dipped marginally. Re-appointment of the promoter MD provides leadership continuity.