Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements )Regulations,2015 We write to inform you that at a meeting of the Board of Directors of the Company held ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Warren Tea Limited's board, at its meeting on 31st March 2026, accepted the resignation of Mr. Vinay Kumar Goenka (age 68, ~43 years with the company) as Executive Chairman for personal reasons, effective close of 31st March 2026. He will continue as Non-Executive Chairman from 1st April 2026. The board simultaneously appointed Mr. Vivek Goenka (age 43, son of Vinay Kumar Goenka) as Additional Whole Time Director designated as Vice Chairman & Managing Director for a 3-year term (1st April 2026 to 31st March 2029), subject to shareholder approval via postal ballot. Vivek holds a Master's in Finance & Investment from Nottingham and runs a hotel chain (Vesta Hotels) and an IT firm (Softweb Technologies) outside the company. Shareholder approval will be sought through a postal ballot.
This is a clear next-generation family succession at the top of Warren Tea, with the founder-son transitioning from an executive to a non-executive chair role and his son taking over operational leadership as Vice Chairman & MD. The continuity of family control is positive for long-term stability, but investors will watch Vivek Goenka's ability to deliver results in the core tea business given his background is primarily in hospitality and IT. The stock may see limited immediate impact as this appears to be a planned, orderly transition.