Goodricke Group reported a net profit of ₹2,555 lakh for the financial year ended March 31, 2026, compared to ₹2,006 lakh in the previous year. The company's revenue from operations for FY26 stood at ₹80,129 lakh, a decrease from ₹92,944 lakh in FY25. The Board of Directors has recommended a dividend of ₹2 per equity share, subject to shareholder approval at the Annual General Meeting scheduled for July 29, 2026.

The financial results were approved by the Board during its meeting held on May 27, 2026. The audited financial results for the year and the reviewed results for the quarter ended March 31, 2026, were submitted in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s. Deloitte Haskins & Sells LLP, issued an unmodified opinion on the annual financial results.

For the quarter ended March 31, 2026, the company reported a net loss of ₹2,921 lakh, compared to a net loss of ₹3,657 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter was ₹10,385 lakh, down from ₹13,184 lakh in Q4 FY25. The company noted that its own crop was 5% lower than the previous year, but profitability was driven by strategic initiatives including the disposal of specified assets of tea estates.

Financial Performance

The table below summarizes the key financial figures for the quarter and year ended March 31, 2026:

Corporate Governance and Strategic Developments

The Board approved the appointment of M/s. M S K A & Associates LLP as the statutory auditors for a term of five years, commencing from the conclusion of the 50th AGM, replacing the retiring auditors M/s. Deloitte Haskins & Sells LLP. This change is pursuant to the mandatory rotation requirements under Section 139(2) of the Companies Act, 2013.

In a strategic move to diversify its portfolio, the Board approved the commercial sale of dairy products produced at its estates, which will be marketed under the 'Goodricke' brand name. The estimated investment for this new business line is ₹5 crore. The company expects this initiative to enhance brand visibility and create additional revenue streams by leveraging its established distribution network.

The Board fixed July 22, 2026, as the record date to determine shareholder eligibility for the dividend. If declared at the AGM, the dividend will be paid on or after August 3, 2026.

Goodricke Group Limited has executed an Agreement for Sale with Chalouni Plantation Pvt. Ltd. for the transfer of Estates, Bearer Plants, and Specified Assets comprising the Chalouni Tea Estate. The agreement was signed on May 21, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The execution of this agreement follows the completion of a due diligence process conducted by the buyer. Upon execution, the possession of the aforementioned assets has been duly transferred to the buyer. The transfer of leasehold rights over the land remains subject to the approval of the Competent Authority of the Government of West Bengal.

Transaction Details

The transaction involves the sale of the Chalouni Tea Estate assets to Chalouni Plantation Pvt. Ltd., a company incorporated under the Companies Act, 2013. The buyer is represented by Mr. Ashok Kumar Goyal, Director.

Regulatory Disclosures

Detailed information regarding the transaction was previously intimated to the Exchange on April 6, 2026, in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. The company has now formally informed the stock exchanges about the execution of the sale agreement.