The Peria Karamalai Tea & Produce Company Limited has informed the Exchange regarding Appointment of A MURARKA & CO as Other of the company w.e.f. April 01, 2025.
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The board of The Peria Karamalai Tea & Produce Company approved the appointment of M/s. A Murarka & Co., a Kolkata-based peer-reviewed firm led by CS Anil Murarka with 33+ years of experience, as the company's Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. The board also approved unaudited Q1 FY26 (quarter ended June 30, 2025) results, which showed revenue from operations of Rs 1,666.58 lakhs, up about 43% from Rs 1,161.17 lakhs in Q1 FY25. Net profit after tax jumped to Rs 784.91 lakhs from Rs 260.00 lakhs in the same quarter last year, translating to an EPS of Rs 25.35 versus Rs 8.40 previously. Segment-wise, the Tea business narrowed its losses to Rs (20) lakhs from Rs (158) lakhs, while the Investment segment delivered strong profits of Rs 901.40 lakhs.
This is a routine compliance-related auditor appointment combined with strong quarterly results, particularly driven by the Investment segment rather than core Tea operations. Shareholders should note the subject to AGM approval condition, while the sharp jump in profit is largely investment-led rather than from the core tea business.