NOTICE IS ALSO HEREBY GIVEN THAT THE CUT OFF DATE FOR THE PURPOSE OF ASCERTAINING THE MEMBERS ELIGIBLE FOR E VOTING WILL BE E.O.D OF 26TH AUGUST 2025
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Awaiting price reaction for this filing.
Warren Tea's board, which met on May 20, 2025, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025 with an unmodified audit opinion from M/s. Garv & Associates. The company reported zero revenue from operations and earned only Rs 446 lakhs as other income (interest on deposits and mutual fund investments), as it has exited the tea plantation business and its merchant export plans are on hold due to the Russia-Ukraine war. Standalone profit for the year swung from a loss of Rs 85 lakhs in FY24 to a profit of Rs 64 lakhs in FY25 (EPS of Rs 0.53 vs loss of Rs 1.01), while consolidated PAT jumped from Rs 29 lakhs to Rs 176 lakhs helped by Rs 117 lakhs share from associate Maple Hotels. The board also appointed MKB & Associates as Secretarial Auditors for 5 years and approved the reappointment of Mr. Kunal R Shah as Independent Director for a second 5-year term from June 29, 2026, both subject to shareholder approval. The 48th AGM is scheduled for September 2, 2025 via video conferencing, with August 26, 2025 as the e-voting cut-off date. Notably, net cash from operating activities was deeply negative at Rs (948) lakhs and cash equivalents fell from Rs 533 lakhs to just Rs 14 lakhs.
This is largely a procedural and compliance filing with mixed fundamentals: PAT has technically turned positive but only because the company has no operating revenue and is living off investment income, while operating cash flow is sharply negative and cash on hand has dropped to negligible levels. Shareholders should focus on the ongoing voluntary delisting application with Calcutta Stock Exchange and the company's plans to enter retail tea selling. The director and auditor appointments are routine and unlikely to move the stock on their own.