The Grob Tea Company Limited has informed the Exchange that Board of Directors at its meeting held on May 13, 2026, recommended Final Dividend of Rs. 2 per equity share.
GROBTEA · price
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The Board of The Grob Tea Company Limited approved the audited standalone financial results for Q4 and FY ended March 31, 2026, with an unmodified opinion from the outgoing auditor M/s GARV & Associates. The Board declared a final dividend of Rs. 2 per equity share for FY 2025-26, with August 4, 2026 as the record date. The statutory auditor M/s GARV & Associates resigned citing fee disagreement linked to increased workload from entity acquisitions, and M/s B Nath & Company was appointed in its place effective May 14, 2026. Independent Director Mr. Balkrishna Singhania also resigned for personal reasons. Two new Independent Directors, Mr. Kishan Kejriwal and Mrs. Nidhi Shah, were appointed, and the Managing Director's remuneration was increased above the prescribed threshold. The Board approved material related party transactions of up to Rs. 5 crore each with Banka Enterprises Private Limited (common directors) and KL Support Private Limited (promoter group), both as unsecured loans at not exceeding 12% interest.
The dividend of Rs. 2 per share offers a positive signal to shareholders. However, the resignation of the statutory auditor over fee disputes and the presence of an Emphasis of Matter on a dormant LED business (Rs. 119.77 lakh investment with no sales in 5 years) warrant attention. The two material RPTs with group entities totaling up to Rs. 10 crore require shareholder approval.