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.

Rossell India Limited reported a net profit of ₹381 lakh for the quarter ended June 30, 2026, marking a return to profitability after posting a net loss of ₹2,379 lakh in the immediately preceding quarter. The company’s earnings per share (EPS) stood at ₹1.01, compared to a loss per share of ₹6.31 in March 2026 and an EPS of ₹2.12 in Q1FY26. Total revenue from operations for the quarter was ₹3,678 lakh, a decline from ₹4,358 lakh in the same period last year.

The Board of Directors approved the unaudited financial results at a meeting held on August 7, 2026, following review by the Audit Committee. The results were filed with the stock exchanges in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also published the extract of the results in Business Standard and Aajkal, Kolkata, as required under Regulation 47 of the Listing Regulations.

Financial Performance Overview

The company’s paid-up equity share capital remains at ₹754 lakh, with reserves excluding revaluation reserve standing at ₹19,221 lakh as of March 31, 2026. Total comprehensive income for the quarter was ₹358 lakh, compared to ₹772 lakh in Q1FY26.

What the Numbers Show

While revenue declined by approximately 15.6% year-on-year, the company significantly improved its bottom line, turning a quarterly loss into a profit. The pre-tax profit for Q1FY27 was ₹536 lakh, compared to a pre-tax loss of ₹2,650 lakh in Q4FY26. This swing indicates improved operational efficiency or cost management during the quarter, despite lower top-line growth compared to the prior year period.