Bombay Burmah Trading has filed a detailed Interlocutory Application before the Supreme Court seeking to recall and expunge observations pertaining to lease rent contained in the Court's order dated May 29, 2026. The application follows the Court's reliance on a report by the Central Empowered Committee (CEC), which recorded that certain lease rentals remain to be recovered by the State Government. The Corporation argues that the CEC report relies on an unapproved internal calculation of ₹4,655 crs by a department lacking jurisdiction, and it has received no formal demand or communication from the Government regarding this amount.

Background: Singampatti Tea Estate and Cessation of Operations

The judicial proceedings concern the Corporation's tea estate in Singampatti, Tamil Nadu, held under a 99-year lease dated February 12, 1929. In December 2023, the Corporation determined that continuing the leasehold rights was unviable and ceased all plantation and factory operations effective June 16, 2024. Consequently, a Voluntary Retirement Scheme (VRS) was introduced for 534 workers, with dues paid or deposited with the Assistant Commissioner of Labour (Plantation) for disbursement.

Workmen challenged the cessation of operations through Writ Petitions before the Madurai Bench of the Madras High Court, which were dismissed on December 3, 2024. Following this, the Corporation began handing over land to the State Forest Department. On May 8, 2025, it handed over 8,152.13 acres of the total 8,373.57 acres, temporarily retaining 221.44 acres containing bungalows and factory buildings to remove movables.

Land Handover and Supreme Court Proceedings

The Supreme Court order acknowledged the substantial progress made in handing over possession and the completion of VRS settlements. The Corporation subsequently demobilised all movables, dismantled machinery, and demolished factory buildings on the retained land. It handed over possession of this final 221.44 acres to the Forest Department on an "as is where is basis" on July 11, 2026.

Lease Rent Dispute

The dispute over lease rent is distinct from the land handover proceedings. The Supreme Court order directs the State to follow the orders of the Madras High Court, which had previously quashed demands of ₹231.9 crs and remanded the matter for re-quantification. The High Court had mandated that notice be issued to the Corporation by September 8, 2025, and proceedings concluded by October 15, 2025, after hearing the appellant. The Corporation asserts that no such notice or opportunity for hearing has been provided regarding the ₹4,655 crs figure.

The following table summarises the key dates, figures, and details central to the Singampatti tea estate proceedings:

The Bombay Burmah Trading Corporation Limited has released its Annual Report for FY 2025-26 and issued a notice convening its 161st Annual General Meeting (AGM) scheduled for Thursday, 13th August 2026, at 3:30 P.M. IST. The meeting will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM), with the registered office at 9, Wallace Street, Fort, Mumbai 400001 deemed as the venue. National Securities Depository Limited (NSDL) has been engaged to facilitate remote e-voting and e-voting during the AGM.

E-Voting Schedule and AGM Agenda

Remote e-voting will commence on Monday, 10th August 2026 at 9:00 A.M. IST and conclude on Wednesday, 12th August 2026 at 5:00 P.M. IST. The cut-off date to determine eligibility for voting is Thursday, 6th August 2026. Members who have cast their vote via remote e-voting may attend the AGM but shall not be entitled to vote again. The following business will be transacted at the AGM:

Standalone Financial Performance

The Corporation's standalone financial results for FY 2025-26 reflect a significant improvement in profitability, driven by operational gains and exceptional items. Total revenue from operations increased to Rs. 295.81 Cr from Rs. 275.11 Cr in the previous year. Profit After Tax for the year stood at Rs. 210.60 Cr, compared to Rs. 119.24 Cr in FY 2024-25. Basic and Diluted EPS rose to Rs. 30.18 from Rs. 17.09. The Board declared an interim dividend of Rs. 17/- per equity share for FY 2025-26, involving an outflow of Rs. 118.61 Cr. No final dividend was declared for the year.

Division-Wise Performance

The Corporation operates across three key manufacturing divisions. The Tea division reported overall production (including bought leaf) of 30.16 lakh kgs, lower than 36.06 lakh kgs in the previous year, while the average selling price improved to Rs. 172 per kg from Rs. 161 per kg. During the year, the Corporation sold its Dunsandle Estate tea plantation in Nilgiris for a total consideration of Rs. 120 Crs. The Auto Electric Components Business (Electromags) reported higher turnover of Rs. 191.77 Cr compared to Rs. 174.52 Cr in the previous year. The Health Care (Dental Products of India) division recorded turnover of Rs. 37.71 Cr, up from Rs. 34.75 Cr in FY 2024-25, reflecting approximately 8.51% growth.

Consolidated Financial Results

The consolidated results, which include material listed subsidiary Britannia Industries Limited, reported a Profit After Tax of Rs. 2,499.25 Cr for FY 2025-26, up from Rs. 2,199.36 Cr in the previous year. Consolidated sale of products and services stood at Rs. 19,241.05 Cr compared to Rs. 17,886.69 Cr in FY 2024-25, registering a growth of 7.57%. The issued, subscribed and paid-up Share Capital of the Corporation stood at Rs. 13.95 Cr as at 31st March 2026, comprising 6,97,71,900 equity shares of Rs. 2 each.

Key Corporate Developments

During FY 2025-26, the Corporation prepaid Term Loans amounting to Rs. 73.44 Cr availed from various banks. Foreign exchange earned during the year was Rs. 155.42 crores, while foreign exchange outgo was Rs. 38.67 crores. The Corporation transferred Rs. 9,70,909/- being unclaimed/unpaid dividend for FY 2017-18 to the Investor Education and Protection Fund (IEPF) in September 2025, and transferred 78,661 equity shares to the IEPF Authority in October 2025. The Corporation received a credit rating of Crisil AA-/Stable and Crisil A1+ from Crisil Ratings Limited, and IND AA-/Stable/IND A1+ from India Ratings & Research for its bank loan facilities. Ms. Rukhshana Jina Mistry was appointed as Independent Woman Director with effect from 26th August 2025, and Mr. Ness N. Wadia was reappointed as Managing Director for a further term of five years effective 1st April 2026 to 31st March 2031.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE050A01025/6d13030ae75e40d6.pdf