Goodricke Group Limited shareholders approved a final dividend of ₹2 per equity share at the 50th Annual General Meeting (AGM) held on July 29, 2026, marking the company’s return to dividend payouts after a three-year gap. The resolution passed by ordinary vote reflects the Board’s confidence in the company’s improved financial performance and strengthened position following the fiscal year ended March 31, 2026. The payout represents 20% of the ₹10 face value per equity share.

The meeting was conducted via Video Conference/Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) circulars. Non-Executive Chairman Stephen Charles Buckland chaired the proceedings, which commenced at 2:30 PM IST and concluded at 3:50 PM IST. Managing Director and Chief Executive Officer Shaibal Dutt, who joined the company in September 2025, addressed members for the first time in his capacity as MD & CEO. Oliver Fleming Capon, who joined the Board as a Non-Executive Director on January 1, 2026, was also introduced to the members.

Key Resolutions Passed

Members approved five ordinary resolutions during the AGM. In addition to the dividend declaration, shareholders ratified key governance appointments and audited financial statements. The remote e-voting period ran from July 25, 2026, at 9:00 AM IST to July 28, 2026, at 5:00 PM IST. Members attending the virtual meeting could also cast votes via e-voting during the proceedings.

The Board recommended the appointment of M/s M S K A & Associates LLP (FRN: 105047W/W101187) as the new Statutory Auditors, succeeding Deloitte Haskins & Sells LLP. Additionally, the remuneration of M/s Shome & Banerjee, the Cost Auditors, was ratified. No adverse remarks or qualifications were noted in the Statutory Audit Report or Secretarial Audit Report, allowing these reports to be taken as read with member permission.

Governance and Compliance

The meeting adhered to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Representatives from Deloitte Haskins & Sells LLP (Statutory Auditors), M/s Shome & Banerjee (Cost Auditors), and M/s Anjan Kumar Roy & Co. (Secretarial Auditors) were present via video conference. Arnab Chakraborty, Company Secretary (FCS 8557), served as the compliance officer for the proceedings.

Shaibal Dutt and S. Mukherjee, Director (Finance) & CFO, responded to shareholder queries regarding the company’s accounts and business operations. The consolidated e-voting results, along with the Scrutinizer’s Report, were submitted to BSE Limited within the stipulated timeframe and made available on the company website and NSDL’s e-voting portal.

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.