Goodricke Group Limited shareholders unanimously approved all five ordinary resolutions at the company’s 50th Annual General Meeting (AGM) held on July 29, 2026. The vote confirms the final dividend of ₹2 per equity share for FY26 and reappoints Shaibal Dutt as director, reflecting strong stakeholder confidence in the Board’s strategic direction following the fiscal year ended March 31, 2026. The consolidated e-voting results, verified by independent scrutinizer Anjan Kumar Roy & Co., were submitted to BSE Limited on July 30, 2026, pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meeting, conducted via Video Conference/Other Audio-Visual Means (OAVM), saw participation from 76 shareholders (two promoters and 74 public members) via video conferencing, with no physical attendees. Remote e-voting was open from July 25, 2026, at 9:00 AM IST to July 28, 2026, at 5:00 PM IST, while e-voting during the meeting remained available until 30 minutes after its conclusion at 3:50 PM IST. A total of 16,243,769 votes were polled out of 21,600,000 shares held by shareholders on the record date of July 22, 2026, representing a 75.2% turnout.

Voting Breakdown by Resolution

All resolutions passed with near-unanimous support. The promoter group, holding 15,984,000 shares, voted in favor of every item. Public non-institutional shareholders, holding 5,560,843 shares, also showed strong approval, with dissenting votes limited to a few hundred shares across specific items.

Non-Executive Chairman Stephen Charles Buckland chaired the proceedings. Managing Director and Chief Executive Officer Shaibal Dutt addressed members for his first time in this capacity, having joined in September 2025. Oliver Fleming Capon, who joined the Board as a Non-Executive Director on January 1, 2026, was also introduced. S. Mukherjee, Director (Finance) & CFO, responded to shareholder queries regarding accounts and operations.

Governance and Compliance Details

The Board appointed M/s M S K A & Associates LLP (FRN: 105047W/W101187) as the new Statutory Auditors, succeeding Deloitte Haskins & Sells LLP. The remuneration of M/s Shome & Banerjee, the Cost Auditors, was ratified for the year ending March 31, 2027. No adverse remarks were noted in the Statutory Audit Report or Secretarial Audit Report. The Scrutinizer’s Report, issued under UDIN F005684H000970109, confirmed that all procedural requirements under Section 108 of the Companies Act, 2013, and Secretarial Standard on General Meetings (SS-2) were met. Arnab Chakraborty, Company Secretary (FCS 8557), served as the compliance officer.

Goodricke Group Limited has fixed July 22, 2026 as the record date to determine members entitled to receive the dividend, which will be declared at the Fiftieth Annual General Meeting (AGM) scheduled for July 29, 2026. The company reported a net profit of ₹255.52 million for the financial year ended March 31, 2026, an increase from ₹200.58 million in the previous year, despite a dip in revenue from operations to ₹8,012.90 million attributed to challenging climatic conditions affecting bulk tea yields.

The AGM will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM) without physical presence. Remote e-voting facilities will be available from July 25, 2026, at 9:00 A.M. (IST) to July 28, 2026, at 5:00 P.M. (IST). Members whose names appear in the register of members or beneficial owners as on the cut-off date of July 22, 2026, are entitled to vote. The Board has recommended the appointment of Deloitte Haskins & Sells LLP as statutory auditors for a five-year term and the re-appointment of Mr. Shaibal Dutt as Managing Director and CEO for three years.

Financial Performance

For the year ended March 31, 2026, the company’s total comprehensive income stood at ₹329.54 million compared to ₹293.14 million in the prior year. Finance costs reduced to ₹66.22 million from ₹101.69 million in FY25.

Operational Highlights

The Dooars gardens recorded a production of 10.15 million kgs, a decline from 16.12 million kgs in the previous year, due to adverse weather conditions and pest-related challenges. Conversely, the Assam gardens registered a marginal improvement in production, achieving 3.33 million kgs. The instant tea business recorded a successful year with record export volume, while the branded tea division improved profitability through a disciplined product mix and operational efficiencies.