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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Terai Tea Company Ltd has decided to disinvest its entire 47.73% shareholding in associate company Terai Dooars Tea Co. Pvt Ltd to Mr. Uday Narayan Sharma. The transaction was completed on March 30, 2026, for a total consideration of INR 81,43,931 (2,62,500 equity shares). The associate contributed INR 417.95 Lakhs (4.06%) to the company's turnover and INR 198.97 Lakhs (1.93%) to net worth in the last financial year. The buyer is not related to the promoter or promoter group. The company acknowledged that the disclosure was submitted late as the intimation was inadvertently not made within the prescribed timeline under SEBI regulations.
The divestiture will have a minor impact on the company's consolidated financials given the associate contributed only about 4% of turnover. The late filing may attract regulatory attention but the transaction itself appears straightforward with no related party concerns.