Indong Tea Company Limited Announces Resignation of Company Secretary Akash Poddar

1 min read     Updated on 01 Apr 2026, 08:03 PM
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AI Summary

Indong Tea Company Limited announced the resignation of Company Secretary and Compliance Officer Mr. Akash Poddar, effective March 31, 2026, due to personal reasons. The company disclosed this information to BSE in compliance with SEBI regulations and is actively seeking a replacement for the key managerial position. Poddar, an Associate Member of ICSI, submitted proper handover documentation as part of his exit formalities.

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Indong Tea Company Limited has announced the resignation of its Company Secretary and Compliance Officer, Mr. Akash Poddar, effective March 31, 2026. The company informed BSE Limited about this key managerial personnel change in compliance with regulatory disclosure requirements.

Resignation Details

Mr. Akash Poddar submitted his resignation letter on March 31, 2026, citing personal reasons for his departure from the position of Company Secretary and Compliance Officer. The resignation became effective at the closure of business hours on March 31, 2026.

Parameter: Details
Name: Mr. Akash Poddar
Position: Company Secretary & Compliance Officer
Resignation Date: March 31, 2026
Reason: Personal reasons
Effective Date: March 31, 2026 (close of business)
ICSI Membership: ACS A78727

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under Schedule III of the SEBI Listing Regulations, referencing SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Succession Planning

Indong Tea Company Limited has indicated that it is actively in the process of identifying and hiring a suitable candidate for the Company Secretary and Compliance Officer position. The company has committed to informing the stock exchanges once the vacancy is filled.

Exit Formalities

In his resignation letter, Mr. Poddar submitted a Work Handover Note along with login credentials for all regulatory portals. He requested the processing of his full and final settlement, salary slips for January, February, and March 2026, formal relieving letter, and experience certificate.

The announcement was signed by Managing Director Hariram Garg (DIN: 00216053) and communicated to BSE Limited for their information and records.

Historical Stock Returns for Indong Tea Company

1 Day5 Days1 Month6 Months1 Year5 Years
+4.99%-0.26%-7.33%-46.54%-58.49%-65.23%

How might the temporary vacancy in the Company Secretary position affect Indong Tea Company's regulatory compliance and governance processes?

What impact could this key personnel change have on Indong Tea Company's operational efficiency and investor confidence?

Will the company face any challenges in finding a qualified replacement given the specialized nature of the Company Secretary and Compliance Officer role?

Indong Tea Company Promoter Hariram Garg Sells 16,000 Equity Shares in Open Market

1 min read     Updated on 24 Mar 2026, 11:27 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

Indong Tea Company Limited disclosed that promoter Hariram Garg sold 16,000 equity shares representing 0.08% of total share capital through open market transaction on March 20, 2026. The transaction reduced his shareholding from 20,68,173 shares (10.65%) to 20,52,173 shares (10.57%), with proper regulatory disclosures filed under SEBI regulations.

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Indong Tea Company Limited has announced that promoter Hariram Garg sold 16,000 equity shares through an open market transaction on March 20, 2026. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The sale involved 16,000 equity shares, representing 0.08% of the company's total share capital. The transaction was executed through open market operations, with the disclosure filed on March 24, 2026.

Parameter: Details
Shares Sold: 16,000 equity shares
Transaction Date: March 20, 2026
Mode of Sale: Open Market
Percentage of Total Capital: 0.08%
Filing Date: March 24, 2026

Shareholding Changes

The transaction resulted in a reduction of Hariram Garg's stake in Indong Tea Company Limited. His shareholding position changed as follows:

Holding Period: Number of Shares Percentage Holding
Before Sale: 20,68,173 shares 10.65%
After Sale: 20,52,173 shares 10.57%
Change: -16,000 shares -0.08%

Regulatory Compliance

The disclosure was filed by Company Secretary & Compliance Officer Akash Poddar (Membership No.: A78727) on behalf of Indong Tea Company Limited. The company is listed on BSE Limited with scrip code 543769.

Company Details: Information
CIN: U01122WB1990PLC050506
Registered Office: Sikkim Commerce House, 4/1, Middleton Street, Kolkata - 700 071
Garden Location: P.O. - Matelli, Dist.: Jalpaiguri (W.B.) Pin: 735223
Total Equity Share Capital: Rs. 19,42,10,480

Promoter Information

Hariram Garg, the selling promoter, is based at 2, Deodar Street, Near St. Lawrence High School, Ballygunge Circular Road, Ballygunge, Kolkata – 700 019. The promoter filed the disclosure directly with BSE Limited and provided a copy to the company's compliance officer.

The promoter's sale represents a minor reduction in his overall stake while maintaining his position as a significant shareholder in the tea company. All regulatory requirements under SEBI regulations have been fulfilled with the timely disclosure to BSE Limited.

Historical Stock Returns for Indong Tea Company

1 Day5 Days1 Month6 Months1 Year5 Years
+4.99%-0.26%-7.33%-46.54%-58.49%-65.23%

Will Hariram Garg continue to reduce his stake in Indong Tea Company, potentially signaling a broader divestment strategy?

How might this promoter share sale impact investor confidence and the company's stock price performance in the coming quarters?

Could this transaction indicate upcoming capital requirements or strategic changes within Indong Tea Company's business operations?

More News on Indong Tea Company

1 Year Returns:-58.49%