Jay Shree Tea & Industries Ltd. has approved the voluntary delisting of its Equity Shares from The Calcutta Stock Exchange Limited (CSE). The Board of Directors approved the proposal at a meeting held on May 19, 2026, pursuant to Regulations 5 and 6 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. The decision was necessitated because CSE's trading operations have been suspended by SEBI for the past several years, resulting in no trading of the company's shares on that exchange. The company is in the process of making the necessary application to CSE to effect the delisting.

The company confirmed that the delisting will have no adverse effect on investors, as its shares will continue to be listed on the National Stock Exchange of India Limited and BSE Limited, which have nationwide trading terminals. Notices regarding the delisting were published on May 25, 2026, in 'Business Standard' (English and Hindi editions) and 'Arthik Lipi' (Bengali) in Kolkata. The disclosures were made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Context

The announcement follows the company's audited financial results for the year ended March 31, 2026. Jay Shree Tea reported a net loss of ₹2,183 lakh for the year, a reversal from the net profit of ₹12,897 lakh recorded in the previous year. Revenue from operations increased to ₹91,595 lakh from ₹84,972 lakh in FY25, while total expenses rose to ₹94,950 lakh from ₹87,066 lakh. For the quarter ended March 31, 2026, the company reported a net loss of ₹3,218 lakh. The statutory auditors issued an audit report with an unmodified opinion on the audited annual financial results.

Segment Performance

The company operates across three segments: Tea, P&K Fertilisers, and Sugar. For the year ended March 31, 2026, the Tea segment reported revenue of ₹47,098 lakh. The Sugar segment contributed ₹28,927 lakh, while the P&K Fertilisers segment recorded revenue of ₹15,570 lakh.

Jay Shree Tea & Industries Limited has announced that Care Ratings Ltd. has reaffirmed its credit rating of BBB-/Stable/A3 with a stable outlook, valid for a period of one year. The rating encompasses the company's total facilities worth ₹376.25 crores, demonstrating the rating agency's confidence in the tea manufacturer's financial stability and operational capabilities.

Credit Rating Details

The comprehensive rating covers both fund-based and non-fund based facilities across the company's operations:

Key Rating Factors

Care Ratings based its assessment on several fundamental strengths of Jay Shree Tea Industries. The rating agency highlighted the company's strong promoter group backing and diversified revenue profile as primary positive factors. The assessment also recognized the company's adequate capacity utilization levels and established market presence.

The company's strong brand recognition in the bulk tea segment, covering both CTC and orthodox varieties, along with its fertilizer business operations, contributed significantly to the rating decision. This diversification across tea processing and fertilizer manufacturing provides operational stability and revenue stream diversification.

Financial Performance Recognition

A crucial element in the rating reaffirmation was Care Ratings' acknowledgment of Jay Shree Tea Industries' improved financial performance during FY25. The rating agency specifically noted the sustenance of this improved performance trajectory in H1FY26, indicating consistent operational efficiency and financial management.

The stable outlook assigned by Care Ratings reflects the agency's expectation that the company will maintain its current financial and operational performance levels over the rating period. This assessment provides stakeholders with confidence in the company's near-term financial stability and operational capabilities in both the tea and fertilizer segments.