Rossell India Ltd has closed its trading window for dealing in company securities from October 1, 2026. The closure will remain in effect until the expiry of 48 hours after the declaration of the unaudited financial results for the quarter and half year ended September 30, 2026.

This action is taken pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct for prohibition of Insider Trading. The restriction applies to all Directors, Officers, Designated Persons, and their immediate relatives.

Compliance details

The company secretary and compliance officer, Manish Shaw, signed the intimation to both BSE Limited and National Stock Exchange of India Ltd on September 28, 2026. The filing confirms that no dealings in the securities of the company are permitted during this blackout period.

The trading window closure is a standard procedural requirement for listed companies in India prior to the announcement of material non-public information, such as quarterly financial results.

Rossell India shareholders approved key management changes and a final dividend at the 32nd Annual General Meeting held on August 25, 2026. All nine resolutions passed with support between 99.99% and 100%.

The meeting, conducted via NSDL’s virtual platform, saw Executive Chairman Harsh Mohan Gupta chair proceedings while CFO Nirmal Kumar Khurana opened the session. The scrutinizer’s report from Labh & Labh Associates confirmed remote e-voting ran from August 21 to August 24, 2026. A total of 28,403,797 votes were polled out of 37,696,475 outstanding shares, representing a 75.35% turnout.

Board Appointments and Tenures

Shareholders approved the re-appointment of Harsh Mohan Gupta as Managing Director designated as Executive Chairman for a further period of three years, effective from April 1, 2027, to March 31, 2030. Gupta, who has been associated with aviation business for over 48 years and is a director since inception, received 99.9953% support.

Samara Gupta was re-appointed as Whole-time Director for approximately three years, effective from February 9, 2027, to January 31, 2030. She secured 99.9948% affirmative votes. Ms. Gupta, who joined in 2014 as Vice-president, holds a B.Sc. from the University of Warwick and a Master of Special Education from Lesley University.

Digant Mahesh Parikh was appointed as Director and Whole-time Director for about three years, effective from August 26, 2026, to July 31, 2030 (noted as July 31, 2029 in one section of the filing, but July 31, 2030 in another; standard term is ~3 years). He received 99.9955% support. Mr. Parikh, currently Senior Vice-President (Finance), holds an MBA in Finance from NMIMS.

Nirmal Kumar Khurana retired from the office of Director and ceased to hold the office of Whole-time Director upon conclusion of the AGM, having attained the age of superannuation.

Financials and Sustainability

The audited financial statements for FY26 were adopted with 99.9980% support. A final dividend of ₹0.40 per equity share of ₹2 face value was approved with 99.9987% support. The fixation of overall maximum remuneration for managerial personnel received 99.9953% affirmative votes.

Management highlighted progress in renewable energy adoption, expanding its solarization programme to four additional tea estates. This follows the installation of the first solar plant at Kharikatia Tea Estate in 2024. Four estates—Dikom, Nagrijuli, Romai, and Kharikatia—have been certified Carbon Neutral by the Environmental Research Centre. A carbon assessment study for Dhoedaam Tea Estate has been completed.

The company is implementing a new ERP system across all tea estates and the head office to enable better connectivity. Other initiatives include afforestation, regenerative agriculture practices, and the use of biochar.

Industry Challenges

Gupta addressed challenges facing the Indian tea industry, including climate change, erratic weather patterns, and increased incidence of pests and diseases. Growing competition from Africa, Nepal, and Vietnam was also cited as a key concern.

Nineteen members raised queries during the session on topics including business models, future plans, and potential acquisitions of additional tea estates. The Chairman responded to these queries.