Norben Tea & Exports Limited reported a net profit of ₹32.29 lakh for the first quarter of FY27 (ended June 30, 2026), marking a 13.3% year-on-year increase from ₹28.50 lakh in Q1FY26. The company’s revenue from operations rose 4.6% to ₹129.04 lakh, compared to ₹123.33 lakh in the corresponding period of the previous fiscal year.

The quarterly results were reviewed by the Audit Committee and approved by the Board of Directors in a meeting held on August 12, 2026. The unaudited standalone financial results were subject to a limited review by statutory auditors A O Mittal & Associates LLP.

Financial Performance Overview

The company’s total income for the quarter stood at ₹129.57 lakh, comprising revenue from operations and other income of ₹0.53 lakh. Total expenses were recorded at ₹97.28 lakh, down from ₹96.04 lakh in Q1FY26 but significantly lower than the ₹212.75 lakh incurred in Q4FY26.

Finance costs remained relatively stable at ₹98.97 lakh, compared to ₹96.70 lakh in the prior year period. Depreciation and amortisation expenses decreased slightly to ₹19.99 lakh from ₹22.62 lakh in Q1FY26.

What the Numbers Show

A key driver of the improved profitability was the change in inventories, which contributed a positive ₹82.59 lakh to the bottom line in Q1FY27, compared to ₹81.30 lakh in Q1FY26. This contrasts sharply with the previous quarter (Q4FY26), where changes in inventories resulted in an expense of ₹36.65 lakh. This seasonal fluctuation highlights the impact of inventory valuation on quarterly earnings for the tea cultivation and manufacturing business.

Additionally, the company did not provide for current or deferred tax expenses for the quarter. Management noted that due to the seasonal nature of the tea business, ultimate income tax liability will be determined at the time of the year-end audit for FY27.

Operational Notes

The company operates primarily in one reportable segment: the cultivation, manufacture, and sale of tea. All other activities revolve around this core business. Norben Tea & Exports has no subsidiaries, associates, or joint venture companies as of June 30, 2026.

The paid-up equity share capital stands at ₹1,554.41 lakh. The board cautioned that figures for the quarter ended June 30, 2026, should not be construed as representative of likely results for the full year ending March 31, 2027, given the seasonal character of the industry.

Norben Tea & Exports Limited successfully concluded its 36th Annual General Meeting (AGM) on July 3, 2026, with shareholders passing all four proposed resolutions with a requisite majority. The meeting, conducted via Video Conferencing and Other Audio Visual Means (VC/OAVM), adopted the audited financial statements for the year ended March 31, 2026, and re-appointed Manoj Kumar Daga as Director. The voting results, scrutinized by CS Ajay Kumar Agarwal of Agarwal A & Associates, confirmed strong approval across all agenda items, including related party transactions with M/s Tongani Tea Company Ltd. and M/s Mangalam Products Pvt. Ltd.

Voting Results Overview

A total of 6,411,307 votes were polled, representing 41.25% of the total outstanding shares. The resolutions received overwhelming support, with votes in favour ranging from 99.997% to 99.998%. Promoter and Promoter Group participation was significant, with 6,044,759 votes cast via e-voting, constituting 100% of their holdings. Public non-institutional shareholders contributed 366,548 votes, while public institutions recorded zero participation.

Resolution Details

The first resolution, concerning the adoption of audited financial statements for FY26, secured 6,411,180 votes in favour, representing 99.998% of the votes polled. Only 127 votes were cast against this resolution. The second resolution for the re-appointment of Manoj Kumar Daga (DIN: 00123386) received identical support, with 6,411,180 votes in favour and 127 against, ensuring his continuation as Director.

Related Party Transactions

Shareholders authorized related party transactions with M/s Tongani Tea Company Ltd. and M/s Mangalam Products Pvt. Ltd. for the next 12 months. Both transactions are repetitive in nature and will be conducted in the ordinary course of business. The resolution for M/s Tongani Tea Company Ltd. passed with 6,411,180 votes in favour, while the resolution for M/s Mangalam Products Pvt. Ltd. received 6,411,130 votes in favour against 177 votes against.

Meeting Proceedings

The remote e-voting period commenced on June 30, 2026, and concluded on July 2, 2026. Votes were unblocked on July 3, 2026, at 1:36 p.m. in the presence of witnesses Mr. Raunak Tantia and Ms. Farheen Parween. Namrata Das, Company Secretary & Compliance Officer, submitted the voting results to the BSE Limited and National Stock Exchange of India Limited, confirming compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.