James Warren Tea Limited has completed the dispatch of the notice for its 17th Annual General Meeting (AGM) along with the annual report for FY26 to its members. The company utilized electronic mode for the primary dispatch, as permitted under law, while sending physical letters containing weblinks to access the annual report to shareholders who do not have registered email addresses with the company, registrar, or depository participants.

The disclosure was made pursuant to Regulation 30 read with Part-A of Schedule-III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the company complied with Regulation 36(1)(b) of the SEBI LODR Regulations, 2015, regarding the physical dissemination of digital links.

The AGM is scheduled to be held on Wednesday, September 9, 2026, at 12:30 pm via Video Conferencing or Other Audio Visual Means (OAVM). To participate in the meeting, shareholders must hold shares as of the cut-off date on September 2, 2026.

Key Dates

The company’s register of members and share transfer books will remain closed from September 3, 2026, to September 9, 2026, both days inclusive. This book closure is necessary to determine shareholders eligible to attend and vote at the AGM.

Ayushi Mundhra, Company Secretary and Compliance Officer, issued the intimation regarding the completion of dispatch on August 18, 2026. The initial intimation regarding the book closure was issued on August 17, 2026, pursuant to Regulation 42 of the SEBI LODR Regulations, 2015. The notice was also published in Business Standard (All Edition) and Dainandin Barta (Guwahati Edition) on August 18, 2026.

James Warren Tea Limited reported a sharp decline in profitability for the fiscal year ended March 31, 2026, driven by lower operational revenues and the absence of significant one-time gains recorded in the previous year.

Revenue from operations contracted by 33% to ₹11,139 lakh in FY26, down from ₹16,599 lakh in FY25. Consequently, earnings before interest, tax, depreciation, and amortization (EBITDA) fell 57% to ₹1,523 lakh from ₹3,569 lakh. The company’s profit after tax (PAT) plunged 88% to ₹1,242 lakh, compared to ₹10,140 lakh in the preceding fiscal year.

Financial Performance

The dramatic drop in net profit was largely attributable to the non-recurring nature of the prior year's results. In FY25, the company recognized an exceptional item of ₹7,077 lakh representing profits on the sale of assets from the Dhoedaam and Rajah Alli tea estates. No such exceptional items were recorded in FY26, exposing the underlying operational performance which saw pre-tax profits decline to ₹1,337 lakh from ₹3,322 lakh.

Balance Sheet and Cash Flow

Despite the decline in top-line growth, the company maintained a strong liquidity position. Total current assets stood at ₹15,782 lakh, supported by substantial investments in mutual funds and ETFs valued at ₹13,250 lakh. Cash and cash equivalents decreased slightly to ₹145 lakh from ₹168 lakh at the end of FY25.

The balance sheet remained debt-free, with no borrowings disclosed for either period. Trade payables increased to ₹587 lakh from ₹442 lakh, while trade receivables improved significantly, dropping to ₹14 lakh from ₹28 lakh, indicating tighter credit collection cycles.

What the Numbers Show

A critical divergence exists between the company’s operational cash generation and its reported accounting profit. While PAT fell drastically due to the absence of asset sale gains, cash generated from operations amounted to ₹955 lakh. This figure is significantly higher than the adjusted operating profit of ₹1,261 lakh primarily due to non-cash adjustments like fair value gains on investments (₹97 lakh) and profit on sale of investments (₹92 lakh). This suggests that while core tea operations faced margin pressure, the company’s investment portfolio continues to provide a substantial buffer to its overall financial health, even if these gains are volatile and non-operational in nature.

Corporate Actions and Governance

The Board of Directors did not recommend any dividend for FY26, citing the need to conserve resources for future requirements. The company also announced that its 17th Annual General Meeting will be held on September 9, 2026, via video conferencing.

Key agenda items for the AGM include:

• Re-appointment of Mr. Anil Kumar Ruia as a director retiring by rotation.
• Re-appointment of Mr. Sandip Das as Whole-time Director for a one-year term effective July 25, 2026.
• Approval of remuneration for Cost Auditors M/s. Debabrota Banerjee & Associates for FY27.

The company continues to operate four tea estates in Upper Assam, focusing on both CTC and orthodox teas. Management highlighted challenges including rising input costs, labor availability issues, and climate variability affecting yields, though it noted a positive outlook driven by evolving consumer preferences.