Intimation under Regulation 30 -NCLT Order directing convening of meeting of Shareholders and Creditors in relation to the Scheme of Amalgamation of Warren Tea Limited (Transferror Company) ....
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.0 pts less than its Tea & Coffee peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Warren Tea Limited (listed on BSE, Scrip Code: 508494) has received an NCLT order dated 28th April 2026 directing meetings of equity shareholders and creditors for approval of the Scheme of Amalgamation with Maple Hotels & Resorts Limited (Transferee Company). The appointed date for the amalgamation is 1st April 2025. Meetings are scheduled for 18th June 2026 at 11:30 AM (Warren Tea shareholders), 12:30 PM (Maple Hotels shareholders), and 1:30 PM (Maple Hotels unsecured creditors). Warren Tea has 10,964 equity shareholders and 13 unsecured creditors, with 99.80% of unsecured creditors already providing no-objection. BSE had conveyed its 'No Objection' with 'No Adverse Observation' on 2nd February 2026. A valuation report recommending the share exchange ratio was prepared by Ms. Vidhi Chandak, Registered Valuer. The Scheme requires approval by 3/4th majority in value and majority in number of voters.
If approved, Warren Tea Limited will cease to exist as a separate entity and be merged into Maple Hotels & Resorts Limited. Shareholders of Warren Tea will receive shares in Maple Hotels as per the approved exchange ratio. This is a significant corporate restructuring that will delist Warren Tea from BSE.