Goodricke group Limited has submitted its mandatory quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission was made on 14th April, 2026, covering the quarter ended 31st March, 2026.

Regulatory Compliance Details

The certificate was submitted pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, covering the period from 1st January, 2026 to 31st March, 2026. This quarterly submission is a mandatory requirement for all listed companies to ensure proper handling of dematerialization processes.

Registrar Confirmation

CB Management Services (P) Limited, serving as the Registrar and Share Transfer Agent for Goodricke Group Limited, issued the compliance certificate on 3rd April, 2026. The registrar confirmed that all securities received from depository participants for dematerialization during the quarter were properly processed within prescribed timelines.

The certificate confirms several key compliance aspects:

• Securities received for dematerialization were confirmed or rejected to depositories as required
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Names of depositories were substituted in the register of members as registered owners within prescribed timelines

Corporate Communication

The submission was signed by Arnab Chakraborty, Company Secretary of Goodricke Group Limited, and submitted to the Corporate Relationship Department of BSE Limited. The company requested BSE to take the certificate on record and acknowledge receipt, maintaining transparency in regulatory compliance.

This quarterly submission demonstrates Goodricke Group Limited's commitment to maintaining regulatory compliance and ensuring proper handling of shareholder dematerialization processes through its appointed registrar and share transfer agent.

Goodricke Group Limited has entered into a non-binding Memorandum of Understanding (MoU) for the sale of its Chalouni Tea Estate, marking a significant step in the company's asset optimization strategy. The MoU was executed on April 6, 2026, following board approval obtained through circulation on April 3, 2026.

Transaction Overview

The proposed sale involves the disposal of Chalouni Tea Estate on an "as is, where is" basis to Mr. Ashok Kumar Goyal and Mrs. Suman Goyal, residents of West Bengal. The transaction structure allows for the commencement of due diligence procedures while maintaining flexibility through its non-binding nature.

Financial Contribution and Performance

The Chalouni Tea Estate represents a notable component of Goodricke Group's operations, contributing meaningfully to both revenue and production metrics. The estate's financial performance during the previous financial year demonstrates its operational significance within the company's portfolio.

Buyer Details and Transaction Structure

The buyers, Mr. Ashok Kumar Goyal (PAN: ACYPG3122H) and Mrs. Suman Goyal (PAN: ADMPG4329H), are independent parties not affiliated with the promoter group or group companies. They reside at Central Tea House, H-19/1N, Anand Vihar Complex, Sevoke Road, Siliguri, West Bengal. The transaction does not constitute a related party transaction, ensuring arm's length dealing principles.

The sale consideration of Rs. 19,00,00,000 is exclusive of applicable taxes and subject to adjustments for current assets and current liabilities as determined during the due diligence process. The buyers may incorporate a specific entity for executing the definitive agreement upon satisfactory completion of due diligence.

Regulatory Compliance and Approvals

Goodricke Group has ensured comprehensive regulatory compliance for this proposed transaction. The company obtained requisite shareholder approval through a postal ballot process, demonstrating adherence to regulatory requirements for asset disposal transactions.

Key Compliance Milestones:

• Postal ballot notice issued on November 13, 2025
• E-voting results and scrutinizer's report filed on January 5, 2026
• Compliance with Regulation 37A of SEBI (LODR) Regulations, 2015
• Adherence to Section 180(1)(a) of Companies Act, 2013

The disposal falls outside the scope of any scheme of arrangement, requiring specific regulatory approvals which have been duly obtained. The company has fulfilled all disclosure requirements under Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring transparency in the transaction process.

Next Steps and Timeline

The non-binding nature of the MoU provides both parties with flexibility to conduct thorough due diligence before committing to a definitive agreement. The expected completion timeline of May 15, 2026, allows adequate time for comprehensive evaluation of the estate's assets, liabilities, and operational parameters. Upon satisfactory completion of due diligence, the parties will proceed to execute a binding definitive agreement for the sale transaction.