The Grob Tea Company Limited has informed the Exchange about Re-appointment of Whole time Director and Independend Director
GROBTEA · price
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Awaiting price reaction for this filing.
The Grob Tea Company announced audited financial results for Q4 and FY ended 31st March 2025. Total income for FY25 stood at Rs. 10,406.83 lakhs compared to Rs. 9,396.45 lakhs in the previous year. Net profit for the year was Rs. 1,005.63 lakhs, a sharp turnaround from a marginal loss of Rs. 0.73 lakhs in FY24, with EPS of Rs. 86.52. The Board recommended a dividend of Rs. 3 per share, up from Rs. 2 last year. The Board also approved the re-appointment of Mr. Mukesh Kumar Agarwal as Whole-time Director for 3 years and Mr. Niraj Kumar Harodia as Independent Director for a second term of 5 years. Additionally, Secretarial, Internal, and Cost Auditors were appointed. The AGM is scheduled for 12th August 2025, with the record date for the dividend set as 5th August 2025.
Strong FY25 turnaround with significant profit recovery and a 50% hike in dividend signals improved shareholder returns. Re-appointments of the Whole-time Director (from the promoter family) and Independent Director, along with fresh auditor appointments, indicate continuity in governance. Routine re-appointments of promoter family directors may be noted by governance-conscious investors.