Dhunseri Tea & Industries Limited has completed the sale of its Balijan (North) Tea Estate, marking a significant asset divestment for the Kolkata-based company. The transaction was formalized through a deed of assignment dated March 31, 2026, with M/s. Balijan Tea Estate Company as the acquiring entity.

Transaction Details

The sale represents the culmination of a process that began with the company's initial disclosure to stock exchanges on November 14, 2025. The transaction specifics are outlined below:

Regulatory Compliance

The company has maintained transparency throughout the divestment process, adhering to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30. This regulation mandates listed companies to disclose material events and information that could impact investor decisions.

Corporate Communication

The formal notification was communicated to both major stock exchanges where the company's shares are listed. Dhunseri Tea & Industries trades on the Bombay Stock Exchange under scrip code 538902 and on the National Stock Exchange under the symbol DTIL.

The communication was signed by Urmi Bhotika, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols were followed. The digital signature was applied on March 31, 2026, at 18:17:37 IST, providing a complete audit trail for the transaction disclosure.

Company Background

Dhunseri Tea & Industries Limited operates from its registered office at Dhunseri House, 4A, Woodburn Park, Kolkata 700020. The company, incorporated in 1997 with CIN L15500WB1997PLC085661, has been involved in tea estate operations as part of its business portfolio.

Dhunseri tea & industries Limited has announced entering into a Debenture Subscription Agreement with its wholly owned subsidiary for Optional Convertible Debentures worth USD 0.50 million. The company disclosed this material agreement under Regulation 30 of SEBI Listing Regulations on March 13, 2026.

Agreement Details

The debenture subscription agreement has been executed between Dhunseri Tea & Industries Limited and Dhunseri Petrochem & Tea Pte Ltd. (DPTPL), which is a wholly owned subsidiary of the company. The agreement involves subscription to Optional Convertible Debentures aggregating to USD 0.50 million.

Key Terms and Conditions

The Optional Convertible Debentures carry several important features that provide flexibility to both parties. The conversion option allows Dhunseri Tea & Industries Limited to convert the debentures into equity shares of DPTPL within a specified timeframe.

Conversion and Interest Structure

• Conversion Period: 7 years from the date of allotment of OCD
• Interest Accrual: Yearly basis with accumulated interest payable on redemption or conversion
• Conversion Price: To be determined on arm's length basis using accepted pricing methodology
• Payment Terms: Interest becomes due only on redemption date or conversion to equity shares

Related Party Transaction

The agreement constitutes a related party transaction as DPTPL is a wholly owned subsidiary with 100% shares held by Dhunseri Tea & Industries Limited. The company has confirmed that the transaction is conducted at arm's length basis, ensuring compliance with regulatory requirements.

Regulatory Compliance

The disclosure has been made in accordance with Regulation 30 of SEBI Listing Regulations, 2015, and SEBI Master Circular dated November 11, 2024. The company has provided comprehensive details as required under the regulatory framework, ensuring transparency for stakeholders and market participants.