Grob Tea Company Limited has resubmitted its Annual Report for the financial year 2025-26 to the stock exchanges to rectify an inadvertent formatting error. The company identified that a line of the Registrar and Share Transfer Agent (RTA) address was incorrectly shifted under the Company's Registered Office address in the Corporate Information section of the document originally submitted on July 17, 2026.

The company clarified that this resubmission is solely for the purpose of correcting the alignment error and has no impact on the financial statements, statutory disclosures, or any other information contained within the Annual Report. The revised document was submitted to the Calcutta Stock Exchange Limited and the National Stock Exchange of India Limited on July 18, 2026.

The Annual Report covers the financial performance of the company for the year ended March 31, 2026. The report includes the audited financial statements, the Directors' Report, and the Management Discussion and Analysis Report. The Board of Directors has recommended a dividend of ₹2 per Equity Share of ₹10 each for the financial year 2025-26, subject to shareholder approval at the Annual General Meeting.

Key Financial Highlights for FY 2025-26

The company's production of tea for the year was 44.01 lakh kgs, while sales stood at 46.27 lakh kgs. The Board of Directors has proposed the re-appointment of Mr. Pradeep Kumar Agarwal as Managing Director for a further period of three years from June 30, 2026, to June 29, 2029, subject to shareholder approval.

The Grob Tea Co Ltd has approved the acquisition of 100% equity shares of Bazaloni Group Limited for ₹72.16 crore to expand its presence in the tea industry. The transaction, approved by the Board on July 1, 2026, will make Bazaloni Group a wholly-owned subsidiary, enhancing the company's growth, revenue, and profitability. The acquisition follows a Memorandum of Understanding signed on November 25, 2025, with the Share Purchase Agreement now recording final and binding terms after procedural delays prevented the original March 31, 2026 completion target.

Acquisition Overview

The Board of Directors approved the Share Purchase Agreement (SPA) with the existing shareholders of Bazaloni Group Limited. The total consideration of ₹72,16,18,000 will be paid in cash at a price of ₹452 per share. The acquisition involves the purchase of the entire 15,96,500 equity shares of ₹10 each, representing 100% of the shareholding. The transaction is not a related party transaction, and the promoters or group companies have no interest in the target entity. The company expects to complete the acquisition by July 31, 2026.

Target Entity Profile

Bazaloni Group Limited, incorporated on June 30, 1977, is primarily engaged in the business, manufacture, and sale of tea. The entity operates the "Bazaloni Tea Estate" in Assam, which includes the Rajgarhali and Bazaloni divisions spread over approximately 1000 hectares. The estate produces an estimated 3 million kilograms of premium CTC tea annually and employs over 4,000 people.

Financial Performance

The target company has demonstrated consistent growth in turnover over the past three years. The turnover for the financial year 2025-2026 stood at ₹52.78 crore, up from ₹49.99 crore in 2024-2025 and ₹45.84 crore in 2023-2024. The acquisition will allow The Grob Tea Co Ltd to leverage the established infrastructure and production capabilities of Bazaloni Group.