NOTICE OF MEETING OF EQUITY SHAREHOLDERS OF WARREN TEA LIMITED CONVENED PURSUANT TO NCLT ORDER ON THURSDAY,18TH JUNE,2026 AT 11.30 AM
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Warren Tea Limited (WTL), a BSE-listed tea production company, is amalgamating with Maple Hotels & Resorts Limited (MHRL), an unlisted hospitality company operating under the Vesta Hotels & Resorts brand with 5 hotels in Rajasthan. Both companies fall under the same Goenka promoter group and have an associate relationship. The NCLT Kolkata Bench has ordered a shareholder meeting on June 18, 2026 for approval of the scheme. The appointed date is April 1, 2025. Under the share exchange ratio, WTL shareholders will receive 1 equity share of Rs. 10 in MHRL for every 1 share held in WTL. The scheme aims to unlock value of the hospitality business, provide WTL shareholders exposure to the hospitality sector, achieve cost efficiencies, and create a platform for business expansion.
If approved, WTL will cease to exist as a listed entity and its shareholders will receive shares in MHRL, which will become listed. WTL shareholders gain exposure to the hospitality sector but lose direct ownership in a tea company.