Bombay Burmah Trading Corporation Limited has completed the sale of its Dunsandle Estate tea plantation located in Village Sholur, Taluka Udhagamandalam, District Nilgiris, for a total consideration of Rs 120 crores. The company executed the Asset Purchase Agreement on March 27, 2026, and has received Rs 110 crores as initial payment, with the balance amount to be received as per the agreement terms.

Transaction Completion Details

The sale has been formalized through the execution of an Asset Purchase Agreement with multiple buyers comprising both individual purchasers and a corporate entity. The company confirmed that none of these buyers have any connection to the promoter or promoter group.

Buyer Information

The transaction involves five buyers, including four individual purchasers from the same family and one corporate entity. The company has confirmed that this does not constitute a related party transaction.

Estate Financial Contribution

The Dunsandle Estate had been a contributor to the company's operations in previous periods. The tea plantation generated revenue and contributed to the company's overall financial position before the sale.

Regulatory Compliance

The transaction has been executed in compliance with SEBI regulations under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company made the necessary disclosures as required under the listing regulations and SEBI Circular HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The sale represents a strategic business decision aimed at optimizing the company's asset portfolio while ensuring full regulatory compliance.

Bombay Burmah Trading Corporation Limited has issued a postal ballot notice seeking shareholder approval for the re-appointment of Mr. Ness N. Wadia as Managing Director. The notice, dated February 24, 2026, outlines the terms and conditions for his continued leadership of the multi-divisional organization.

Re-appointment Details

The Corporation is seeking approval for Mr. Ness N. Wadia's re-appointment as Managing Director for a five-year term from April 1, 2026 to March 31, 2031. The proposal requires shareholder approval through a special resolution via remote e-voting.

Remuneration Structure

The proposed remuneration package for Mr. Wadia includes comprehensive compensation components with defined limits:

The remuneration structure also includes reimbursement of medical expenses, bonus based on performance criteria, and contributions to provident fund, superannuation fund, or gratuity fund as per Corporation rules.

E-voting Process

Shareholders can participate in the postal ballot through remote e-voting facilitated by National Securities Depositories Limited (NSDL):

Leadership Profile

Mr. Ness N. Wadia brings extensive experience to the role as a third-generation industrialist of the Wadia Group. He holds an M.Sc in Engineering Business Management from Warwick University, UK, and has over three decades of cross-sector leadership across textiles, real estate, FMCG, specialty chemicals, healthcare, education, and sports.

He currently serves as Chairman of National Peroxide Limited and Naperol Investments Limited, and holds directorships in several Wadia Group companies including Britannia Industries Limited and The Bombay Dyeing and Manufacturing Company Limited. His first appointment to the Corporation's Board was on April 28, 2010.

Business Operations

The Corporation operates as a multi-product and multi-divisional organization with diverse business interests including:

• Plantations (Tea): Focusing on well-diversified portfolio of conventional and organic tea categories
• Auto Electric Components: Concentrating on new product development and organic growth
• Healthcare: Delivering improved profitability despite market challenges

The Corporation, incorporated on September 4, 1863, has been in commercial production for over 155 years and maintains substantial interests outside India through foreign subsidiaries, including a 100% subsidiary in Singapore engaged in horticulture and landscaping activities.