Rossell India held its 32nd Annual General Meeting on August 25, 2026. The company highlighted sustainability initiatives, including solar energy expansion and carbon-neutral certifications for its tea estates.

The meeting was conducted via video conference using the NSDL virtual platform. Executive Chairman and Managing Director Harsh Mohan Gupta chaired the proceedings. Nirmal Kumar Khurana, Chief Financial Officer and Company Secretary, opened the meeting.

Sustainability and Operational Updates

Management outlined progress in renewable energy adoption. The company expanded its solarization programme to four additional tea estates in the current year. This follows the installation of the first solar plant at Kharikatia Tea Estate in 2024. A sixth solar plant is planned for Nokhroy Tea Estate.

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, with positive results expected.

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

Industry Challenges

Gupta addressed challenges facing the Indian tea industry. These include 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.

Meeting Proceedings

The AGM covered nine agenda items. Remote e-voting commenced on August 21, 2026, and ended on August 24, 2026. Members holding shares as of August 18, 2026, could cast votes electronically.

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

A. K. Labh of Labh & Labh Associates served as the scrutinizer for the e-voting process. Results are to be declared within two working days.

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.