The Grob Tea Company Limited has informed the Exchange about General Updates
GROBTEA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Grob Tea Company Limited held its Board meeting on 13 May 2026 and approved multiple items. The company declared a dividend of Rs. 2/- per share for FY 2025-26. The statutory auditor changed from M/s G A R V & Associates (who resigned citing fee disputes due to increased workload from entity acquisitions) to M/s B Nath & Company. Mr. Balkrishna Singhania resigned as Independent Director for personal reasons. The board re-appointed Mr. Pradeep Kumar Agarwal as Managing Director for 3 years and increased his remuneration above threshold limits (subject to shareholder approval). Two new Additional Non-Executive Independent Directors were appointed: Mr. Kishan Kejriwal and Mrs. Nidhi Shah. The company approved material related party transactions with Banka Enterprises Pvt Ltd and K L Support Pvt Ltd (up to Rs. 5 crore each) for loan transactions at not exceeding 12% interest rate. The AGM is scheduled for 11 August 2026. The auditor issued an unmodified opinion but included an emphasis of matter regarding Rs. 119.77 lakhs investment in LED Lights business with no sales for the last 5 years.
The auditor change and related party transactions warrant attention from shareholders. The LED Lights business with no sales for 5 years but Rs. 119.77 lakhs investment represents a potential concern flagged by the auditor. Dividend declaration is positive for shareholders.