The Bombay Burmah Trading Corporation Limited has received a notice from the Tamil Nadu Forest Department demanding a provisional lease rent computation of ₹6,462.12 crore for its erstwhile tea estate in Singampatti.

The demand relates to the re-computation and re-quantification of lease rent and other charges for leased forest lands in Tamil Nadu. The corporation disclosed this development on October 12, 2026, referencing earlier disclosures made in August 2026 regarding ongoing judicial proceedings concerning the estate.

Nature of the Dispute

The notice issued by the Tamil Nadu Forest Department provides a provisional figure that is subject to further legal scrutiny. The corporation has been given an opportunity to file objections and participate in a hearing before any final determination is made via a reasoned order in accordance with law.

Key details of the disclosure include:

Financial Implications and Legal Stance

The corporation stated that its liability, if any, has not yet crystallized. It reserves the right to contest any subsequent order before appropriate appellate and judicial forums as permissible under applicable law. Consequently, the company indicated it is premature to quantify or assess the financial implications arising from this notice at this stage.

The final adjudication of the matter by a competent judicial forum will determine the ultimate outcome. The corporation assured stakeholders that it will take all necessary steps in the matter and keep them informed of any material developments.

What the Numbers Show

The provisional claim of ₹6,462.12 crore represents a significant contingent liability exposure relative to typical market capitalizations for mid-cap industrial holdings, though the source does not provide comparative financial statements to contextualize this figure against current assets or equity. The divergence between the high provisional demand and the company's assertion that liability is not yet crystallized highlights the procedural nature of the dispute, where the initial administrative computation serves as a starting point for negotiation rather than a finalized debt.

The Bombay Burmah Trading Corporation Limited appointed Saghan Srivastava as its Company Secretary and Compliance Officer, effective September 30, 2026. The appointment was approved by the Board based on the recommendation of the Nomination and Remuneration Committee.

Srivastava is designated as Key Managerial Personnel (KMP) of the corporation. He brings over 17 years of experience in corporate secretarial, legal, compliance, and governance functions, predominantly with listed companies. His expertise covers SEBI regulations, the Companies Act, FEMA/RBI compliances, IPOs, mergers and acquisitions, fund raising, and board processes.

Professional background and prior roles

Prior to joining The Bombay Burmah Trading Corporation Limited, Srivastava held senior positions at several reputed organizations. His professional history includes roles at Avaada Group, Mahanagar Gas Ltd., Sundram Fasteners Ltd., and TNPL. He has extensive experience managing regulatory matters and complex corporate transactions.

Governance and disclosure details

The appointment was disclosed to stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting that approved this decision commenced at 3:15 pm and concluded at 4:05 pm on September 30, 2026.

The corporation also updated its list of KMPs authorized to determine materiality of events and make disclosures under Regulation 30. This list includes the Managing Director, Chief Financial Officer, and the newly appointed Company Secretary and Compliance Officer.