The Peria Karamalai Tea & Produce Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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The company reported a net loss before tax of Rs. 276.23 lakhs for FY 2025-26, compared to a profit of Rs. 125.36 lakhs in the previous year. Tea segment revenue grew to Rs. 4,281.91 lakhs from Rs. 3,990.28 lakhs, while Investment segment revenue increased to Rs. 725.54 lakhs from Rs. 257.26 lakhs. A significant event was the amalgamation of Placid Limited into Maharaja Shree Umaid Mills Limited (MSUML) approved by NCLT on March 16, 2026. The company received 4,81,98,850 shares of MSUML (valued at Rs. 38,703.68 lakhs as per registered valuer's report), resulting in an OCI gain of Rs. 32,367.63 lakhs. Deferred Tax Liabilities surged to Rs. 8,436.08 lakhs from Rs. 208.64 lakhs due to the OCI. MSUML now holds 51.66% stake and became the holding company. The board recommended a dividend of Rs. 0.75 per share and reappointed Mrs. Alka Lakshmi Niwas Bangur as Managing Director.
Despite a net loss in FY26, the massive fair value gain from the MSUML amalgamation significantly increased the company's equity and asset base. The company declared a dividend, showing willingness to reward shareholders despite operational challenges.