The Peria Karamalai Tea & Produce Company Limited has informed the Exchange regarding Appointment of MRS ALKA LAKSHMI NIWAS BANGUR as Managing Director of the company w.e.f. September 17, 2026.
PKTEA · price
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The Board of Directors approved the re-appointment of Mrs. Alka Lakshmi Niwas Bangur as Managing Director for 3 years starting September 17, 2026, subject to shareholder approval. She has been with the company since 1993 and is related to Mr. Lakshmi Niwas Bangur, Director. The company also reported audited financial results for FY 2025-26 with Tea segment revenue of Rs. 4,281.91 lakhs and Investment segment revenue of Rs. 725.54 lakhs. A key corporate restructuring was completed: Placid Limited (in which PK Tea held 17.43%) was amalgamated into Maharaja Shree Umaid Mills Limited (MSUML), entitling PK Tea to 4,81,98,850 shares of MSUML. Consequently, MSUML now holds approximately 51.66% of PK Tea, making it the holding company. The Board recommended a dividend of Rs. 0.75 per share (7.5% on Rs. 10 face value).
MSUML acquiring majority control (51.66%) marks a significant change in the company's promoter/shareholding structure. Shareholders should note this change in governance dynamics and the resulting holding company relationship. The recommended dividend provides modest shareholder returns.