Dhunseri Tea & Industries Limited has released the final voting results for its 29th Annual General Meeting (AGM), confirming the unanimous approval of all proposed resolutions. The scrutinizer's report, dated August 20, 2026, validates the outcomes of the meeting held via video conference on August 19, 2026.

The shareholders approved the adoption of the financial statements for FY26, the declaration of a ₹2.00 per share final dividend, and the re-appointment of Ms. Bharati Dhanuka as a director. Additionally, the special resolution to approve the remuneration of Mr. Chandra Kumar Dhanuka and the ordinary resolution to ratify the cost auditors' fees were passed with near-unanimous support.

Voting Results Overview

The total number of shareholders on the record date was 15,665. Of these, 75 folios participated via remote e-voting prior to the meeting, while 64 shareholders attended the virtual AGM. No votes were cast during the live e-voting session at the AGM; all valid votes were recorded through the remote e-voting facility provided by National Securities Depository Limited (NSDL).

Shareholder Participation Breakdown

The promoter group, holding 7,250,289 shares, voted in favor of all resolutions except where they abstained from the related-party remuneration vote. Public non-institutional holders, who hold 3,048,086 shares, polled 2,822 votes across most resolutions, representing a 0.09% participation rate. Institutional holders, with a stake of 209,052 shares, did not cast any votes.

For the special resolution regarding Mr. Chandra Kumar Dhanuka's remuneration, the promoter group voted 7,173,505 shares in favor, abstaining from the remaining portion of their holdings due to their interest in the resolution. This resulted in a slightly lower total vote count for this item compared to the others.

Key Resolutions Approved

The following resolutions were moved and approved by the members:

• Dividend Declaration: A final dividend of ₹2.00 per share for FY26 was approved under Ordinary Resolution No. 2.
• Director Re-appointment: Ms. Bharati Dhanuka (DIN: 02397650), who retires by rotation, was re-appointed as a director under Ordinary Resolution No. 3.
• Remuneration Approval: The existing remuneration of Mr. Chandra Kumar Dhanuka (DIN: 00005684) was approved under Special Resolution No. 4.
• Cost Auditor Ratification: The remuneration of M/s Mani & Co., Cost Auditors, for the year 2026-27 was ratified under Ordinary Resolution No. 5.

The auditors' report and secretarial auditors' report were taken as read, with no qualifications or adverse remarks noted by the Chairman, Mr. C.K. Dhanuka. The remote e-voting period remained open from August 15, 2026, at 9:00 am until August 18, 2026, at 5:00 pm.

Dhunseri Tea & Industries Limited reported a consolidated net profit of ₹4.52 crore for the quarter ended June 30, 2026, marking a 19% increase from the ₹3.78 crore recorded in the corresponding period of FY25. The company’s standalone net profit rose to ₹11.66 crore, up from ₹9.78 crore in Q1FY25. Revenue from operations grew 24% year-on-year to ₹85.13 crore on a consolidated basis, while standalone revenue declined 20% to ₹57.74 crore.

The Board of Directors approved the unaudited financial results at a meeting held on August 12, 2026. S.R. Batliboi & Co. LLP served as the independent auditor, issuing an unmodified conclusion on both standalone and consolidated financial statements in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Consolidated revenue from operations stood at ₹85.13 crore, driven by domestic sales of ₹57.74 crore and international sales of ₹27.39 crore. Total income, including other income of ₹0.95 crore, reached ₹86.09 crore. Operating expenses totaled ₹74.85 crore, resulting in a pre-tax profit of ₹11.24 crore.

Standalone revenue was lower at ₹57.74 crore compared to ₹72.43 crore in Q1FY25. However, cost optimization efforts led to total expenses of ₹40.70 crore, down from ₹61.92 crore in the prior year period. This resulted in a significant improvement in standalone profitability, with earnings per share (EPS) rising to ₹11.10 from ₹9.31.

What the Numbers Show

A notable divergence exists between the standalone and consolidated results. While standalone operations delivered strong profitability with a net margin of approximately 20%, consolidated margins were compressed to around 5%. This disparity is largely attributed to losses in foreign subsidiaries, particularly those operating in Malawi. The group applied IND AS 29 for hyperinflationary economies to its Malawi subsidiaries, recognizing a non-cash restatement loss of ₹0.39 crore. Additionally, exchange differences on translation of foreign operations contributed ₹2.34 crore to other comprehensive income, highlighting currency volatility impacts on the group’s bottom line.

Operational Updates

The company continues to rationalize its asset base to improve profitability. In the previous quarter, it sold specified assets of Balijan Tea Estate, recording an exceptional gain of ₹4.35 crore. Similarly, assets from Deohall Tea Estate were sold in Q3FY26, yielding another exceptional profit of ₹2.05 crore. These divestments mean the current quarter’s performance excludes these estates, providing a clearer view of ongoing operational efficiency.

The group’s non-current assets increased slightly to ₹807.57 crore as of June 30, 2026, from ₹793.06 crore at the end of FY26. Assets outside India accounted for ₹303.07 crore, reflecting the company’s continued international presence despite regional economic challenges.