Diana Tea Company has scheduled its 115th Annual General Meeting (AGM) for Friday, September 11, 2026, at 3:00 pm IST. The meeting will be conducted through Video Conferencing or Other Audio Video Means (VC/OAVM) in compliance with the Companies Act, 2013, and SEBI Listing Regulations.

The company disclosed this information in a filing under Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The move aligns with General Circular No. 20/2020 dated May 5, 2020, as extended by General Circular No. 03/2025 dated September 22, 2025.

Key Dates and Eligibility

Shareholders must note the following critical dates regarding voting rights and book closure:

• Cut-off date for e-Voting eligibility: Friday, September 4, 2026
• Book closure period: Saturday, September 5, 2026, to Friday, September 11, 2026 (both days inclusive)
• AGM Date: Friday, September 11, 2026

The cut-off date determines which members are eligible to exercise their voting rights through remote e-Voting and during the AGM itself. During the book closure period, the transfer of shares will not be processed.

Regulatory Compliance

The intimation was issued by Namrata Saraf, Company Secretary and Compliance Officer of Diana Tea Company Limited. The circular confirms adherence to Section 91 of the Companies Act, 2013, and relevant SEBI guidelines governing virtual general meetings.

Diana Tea Company has returned to profitability for the financial year ended March 31, 2026, reporting a net profit of ₹175.43 lakh. This marks a significant turnaround from the net loss of ₹458.44 lakh recorded in FY25. The improvement was underpinned by a 24% increase in revenue from operations, which stood at ₹8,807.12 lakh against ₹7,082.45 lakh in the previous year.

The operational recovery was driven by higher own crop production and better price realization. The company harvested 34.74 lakh kg of tea, up from 28 lakh kg in FY25. Sales realization improved to ₹248.50 per kg, compared to ₹236.40 per kg previously. To support quality output, the company reduced its bought leaf intake significantly, dropping from 2 lakh kg to just 50,000 kg.

Financial Performance

The profit before tax improved to ₹148.81 lakh from a loss of ₹483.60 lakh. Total comprehensive income reached ₹159.64 lakh, contrasting with a comprehensive loss of ₹459.63 lakh in FY25. Other equity at year-end increased to ₹5,849.71 lakh from ₹5,689.44 lakh.

Capital Raise Proposal

At its upcoming 115th Annual General Meeting on September 11, 2026, shareholders will vote on several special resolutions. Key among them is the issuance of up to 4,074,075 Equity Convertible Warrants on a preferential basis to promoters and the promoter group. The warrants carry a face value of ₹5 each and an issue price of ₹27 each, aggregating to ₹11,00,00,025.

The proceeds are earmarked for investment in Bolt Ironworks Private Limited via subscription to its Compulsorily Convertible Debentures. These funds will be utilized for:

• Acquisition of approximately 17 acres of land in Mohra, Raipur, Chhattisgarh.
• Development of the land, including construction of industrial structures and fabrication sheds.

Governance and Dividends

The Board has not recommended any dividend for FY26. Mrs. Sarita Singhania, Whole-Time Director and Chief Financial Officer, retires by rotation and offers herself for reappointment. Her remuneration package includes a basic salary of ₹4,00,000 per month.

What the Numbers Show

The turnaround in profitability is heavily influenced by non-operating income dynamics. While operating profit margins expanded due to volume growth, the company’s total other income fell sharply to ₹243.38 lakh from ₹445.92 lakh in FY25. This decline was primarily driven by a drop in compensation received and income from mutual funds. Despite the lower other income, the substantial reduction in losses from operations—aided by lower finance costs (₹305.19 lakh vs ₹356.75 lakh)—enabled the bottom-line recovery.