THE BOARD OF DIRECTORS OF THE COMPANY HAVE EVALUATED THE PROSPECTS OF AN AMALGAMATION ,SCHEME OF ARRANGEMENT,OR RESTRUCTURING OF THE COMPANY WITH MAPLE HOTELS&RESORTS LIMITED
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Warren Tea Limited's Board, at its meeting on June 17, 2025, evaluated the prospects of an amalgamation, scheme of arrangement, or restructuring with Maple Hotels & Resorts Limited. Maple Hotels is an unlisted associate company in which Warren Tea holds a significant stake, and it operates five hotel properties in Rajasthan under the 'Vesta Hotels & Resorts' brand. A Committee comprising two Independent Directors (Mr. Kunal R Shah and Ms. Atrayee Ghosal) and the Executive Director & Company Secretary (Mr. Soma Chakraborty) has been formed to conduct a detailed evaluation covering strategic, financial, and operational aspects. The Committee has been authorized to appoint valuers, merchant bankers, and other professionals to assist in the process. No concrete scheme or swap ratio has been announced yet, and no NCLT filing has been made.
This is a preliminary evaluation-stage announcement with no confirmed deal terms, so near-term stock impact may be limited. If the amalgamation moves forward and is executed favourably, it could shift Warren Tea's business mix more toward hospitality (hotels) away from tea, which may change how investors value the company.