Norben Tea & Exports Limited filed its annual report for the financial year 2025-26 with the exchanges on June 10, 2026. The filing details the company's financial performance and corporate actions during the period. The document highlights a significant increase in paid-up capital following the conversion of preferential warrants issued to promoters.

The company's paid-up equity share capital rose from ₹11,75,00,000 to ₹15,54,41,000. This increase resulted from the conversion of warrants allotted on January 31, 2025. The company issued and allotted 37,94,100 warrants to Non-Promoters on a preferential allotment basis at an issue price of ₹17 per share.

Subsequently, the company converted these warrants into equity shares in multiple tranches. On March 27, 2025, it allotted 12,18,100 equity shares. Further allotments of 3,68,000, 4,00,000, 2,58,000, and 15,50,000 shares occurred on May 27, July 24, July 25, and August 22, 2025, respectively. Trading approvals for the newly issued shares were received from the stock exchanges on various dates between August and November 2025.

The company stated that no amount was transferred to the general reserve during the financial year ended March 31, 2026. Norben Tea & Exports confirmed that there were no material changes or commitments affecting its financial position between the end of the financial year and the date of the report. As of March 31, 2026, the company reported having no subsidiaries, joint ventures, or associate companies.

Regarding internal controls, the company stated it has an adequate system commensurate with its size and business operations. The financial statements undergo review by the Audit Committee and internal and external audits before board approval. Additionally, the company confirmed it has not accepted or renewed any public deposits under Chapter V of the Companies Act, 2013.

Norben Tea & Exports Limited reported a net loss of ₹29.48 lakh for the financial year ended March 31, 2026, widening from the net loss of ₹17.67 lakh recorded in the previous year. Revenue from operations for the year increased to ₹806.88 lakh from ₹765.22 lakh in FY25. The board of directors approved the audited standalone financial results at a meeting held on May 26, 2026. The company published these results in the Financial Express and Duranta Barta newspapers on May 27, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹78.65 lakh, compared to a net loss of ₹103.25 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹142.79 lakh, while total income was ₹147.56 lakh. Total expenses for the year rose to ₹829.43 lakh from ₹785.10 lakh in the previous year.

The statutory auditors, M/s A O Mittal & Associates, Chartered Accountants, issued an unmodified opinion on the standalone annual audited financial results. The audit was conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013.

Board Decisions

The board accepted the resignation of M/s AAN & Associates LLP as the internal auditor of the company due to pre-occupation and other personal commitments, effective May 26, 2026. Consequently, the board appointed M/s L.K. Bohania & Co, Chartered Accountants, as the new internal auditor for the financial year 2026-2027.

Key Financial Metrics

The trading window for dealing in the company's securities, which had been closed since April 1, 2026, will reopen 48 hours after the declaration of the audited standalone financial results.