THE BOARD OF DIRECTORS OF THE COMPANY HAVE EVALUATED THE PROSPECT S OF AN AMALGAMATION , SCHEME OF ARRANGE MENT 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, an unlisted associate company in which Warren Tea holds a significant stake. Maple Hotels owns and operates five hotel properties in Rajasthan under the brand 'Vesta Hotels & Resorts'. The Board has constituted a committee of three directors to conduct a detailed evaluation covering strategic, financial, and operational aspects. The committee may engage valuers, merchant bankers, or other professionals to assist in this exercise. The announcement is at an exploratory stage — no scheme, ratio, or definitive terms have been announced yet.
This is an early-stage exploration and may not lead to any transaction. Shareholders should watch for further updates on the committee's findings and any formal scheme filing, which could reshape Warren Tea's business mix by adding a hospitality vertical to its tea operations.