The Grob Tea Company Limited has informed the Exchange about Appointment of Secretarial Auditor, Internal Auditor and Cost Auditor
GROBTEA · price
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The Grob Tea Company Limited reported its audited financial results for Q4 and FY ended 31st March 2025, with the statutory auditor (GARV & Associates) issuing an unmodified opinion. The company swung back to a full-year profit of Rs. 10.06 crore in FY25, compared to a marginal loss of Rs. 0.07 lakh in FY24, though Q4 FY25 alone posted a loss of Rs. 19.15 crore. The Board declared a higher dividend of Rs. 3 per share (up from Rs. 2 last year). It also approved the re-appointment of Mukesh Kumar Agarwal as Whole-time Director for 3 years and Niraj Kumar Harodia as Independent Director for a second 5-year term. Additionally, new Secretarial Auditor (MR & Associates for 5 years), Internal Auditor (A.R. Maiti & Co for FY26), and Cost Auditor (Dipak Lal & Associates for FY26) were appointed. The AGM is scheduled for 12th August 2025, with 5th August as the record date.
Shareholders get a 50% dividend hike and a return to profitability for FY25, which is a positive signal despite the weak Q4 performance. The continued drag in the LED Light segment (Rs. 3.56 crore stuck investment, no sales in 5 years) remains a concern, though management sees no need for further provisioning.