FURTHER TO OUR INTIMATION LETTER DATED WEDNEDAY,MARCH 26,2025 AND IN ACCORDANCE WITH THE REGULATION 30 OF THE LISTING REGULATIONS,WE WOULD LIKE TO INFORM YOU THAT THE BOARD OF DIRECTORS ....
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The Board of Directors of Warren Tea Limited met on April 1, 2025 to evaluate the prospects of a potential merger, amalgamation, or restructuring of the company. The directors engaged in extensive discussions, exploring strategic options including synergies, financial implications, and operational adjustments. However, no definitive decision was taken, and the board agreed that further analysis and consultations are required. The matter will be revisited at a subsequent board meeting. This follows up on an earlier intimation dated March 26, 2025.
This is an early-stage exploratory discussion with no concrete outcome, so it carries limited immediate impact. Shareholders should watch for further announcements, as any future merger or restructuring could significantly affect the company's structure and stock price.