Shri vasuprada plantations Limited has successfully completed its scheduled interest payment on 9% Rated Listed Senior Secured Redeemable Non-Convertible Debentures (NCDs) on March 23, 2026. The company informed BSE Limited about the timely payment through a regulatory filing under Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Interest Payment Details

The company paid ₹92,38,440 (net of TDS) against the total interest amount of ₹1,02,64,931 that was due on March 23, 2026. The payment was made exactly on the scheduled due date, demonstrating the company's commitment to meeting its debt obligations.

Debenture Structure and Timeline

The 9% secured non-convertible debentures maintain a half-yearly interest payment schedule with no changes in the payment frequency. The interest payment record date was set as March 6, 2026, providing adequate notice to debenture holders. The previous interest payment was completed on September 22, 2025, maintaining the regular six-month payment cycle.

Company Operations

Shri Vasuprada Plantations Limited, formerly known as Joonktollee Tea & Industries Ltd., operates multiple tea estates including Joonktollee, Jamirah, Nilmoni, Goomankhan, and Pullikanam. The company also manages Cowcoody coffee estate and rubber estates at Chemoni, Echipara, and Pudukad. The regulatory filing was signed by Sharad Bagree, General Manager (Finance) & Company Secretary, confirming the completion of interest payment obligations.

Compliance and Transparency

The timely submission of the interest payment certificate demonstrates the company's adherence to regulatory requirements and commitment to transparency with stakeholders. The filing confirms that there were no delays or issues in the payment process, with the company meeting all its debenture obligations as scheduled.

Shri Vasuprada Plantations Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The plantation company, operating across tea, coffee, and rubber segments, presented mixed performance during the reporting period with quarterly profits but nine-month losses on both standalone and consolidated basis.

Standalone Financial Performance

The company's standalone operations showed contrasting trends between quarterly and nine-month performance. For the quarter ended December 31, 2025, total income reached ₹4637.17 lakhs compared to ₹3890.11 lakhs in the corresponding quarter of the previous year.

For the nine months ended December 31, 2025, the company reported total income of ₹11848.72 lakhs against ₹9896.75 lakhs in the previous year, representing a growth of 19.72%. However, the company recorded a net loss of ₹192.56 lakhs compared to a profit of ₹362.05 lakhs in the corresponding nine-month period of FY25.

Consolidated Results

On a consolidated basis, which includes subsidiary Keshava Plantations Private Limited and associate The Cochin Malabar Estates and Industries Ltd., the performance mirrored standalone trends with quarterly profits but nine-month losses.

Segment-wise Performance

The company operates across three primary segments with varying performance levels. Tea segment revenue for Q3FY26 stood at ₹2696.99 lakhs compared to ₹2425.71 lakhs in Q3FY25. Coffee segment showed significant growth with revenue of ₹445.17 lakhs against ₹20.79 lakhs in the previous year quarter. Rubber segment maintained steady performance with revenue of ₹941.68 lakhs versus ₹940.87 lakhs in Q3FY25.

Key Financial Ratios

The company's financial health indicators showed mixed signals during the reporting period. Debt-equity ratio remained stable at 0.43 for Q3FY26 compared to 0.43 in Q3FY25. Current ratio improved to 0.85 from 0.91 in the previous year quarter. Net profit margin for the quarter stood at 12.35% compared to 26.33% in Q3FY25.

Regulatory and Operational Updates

The company received permission from the Kerala High Court for cutting and sale of rubber trees, with the court recalling its earlier direction requiring deposit of entire sale proceeds with the forest department. The company has initiated steps for obtaining forest department approval for cutting and selling rubber trees that have exhausted their bearing life.

The Board of Directors approved these results at their meeting held on February 12, 2026, which commenced at 12:15 PM and concluded at 2:45 PM. The results have been subject to limited review by statutory auditors Singhi & Co., Chartered Accountants.

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