REAPPOINTMENT OF MR. KUNAL R SHAH DIN 00125448 AS INDEPENDENT DIRECTOR FOR SECOND TERM OF 5 YEARS
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Warren Tea Limited's board, meeting on 20th May 2025, approved audited standalone and consolidated financial results for Q4 and FY ended 31st March 2025. On a standalone basis, the company swung to a profit of ₹64 lakhs for FY25 from a loss of ₹85 lakhs in FY24, with total income rising to ₹446 lakhs from ₹337 lakhs; consolidated profit rose sharply to ₹176 lakhs from ₹29 lakhs. The board also appointed M/s. MKB & Associates as Secretarial Auditors for five years (FY26–FY30) and approved the reappointment of Mr. Kunal R Shah as a Non-Executive Independent Director for a second five-year term effective 29th June 2026, subject to shareholder approval. The 48th AGM is scheduled for 2nd September 2025 via video conferencing. The company has exited tea plantation and is exploring merchant tea exports and retail tea sales, while currently earning income mainly from interest on deposits and mutual funds.
A return to profit on both standalone and consolidated bases is mildly positive for shareholders, but revenue remains minimal as the company searches for a new business direction after exiting tea plantations. The reappointment of the existing independent director and a new secretarial auditor are routine governance items unlikely to move the stock. Investors should note the ongoing voluntary delisting application with the Calcutta Stock Exchange as a separate consideration.