Terai Tea Company Limited concluded its 53rd Annual General Meeting on September 30, 2026, approving audited financial statements for FY26 and re-appointing Rajendra Kanodia as a director.

The meeting, held at the registered office in Kolkata, saw all directors present. The Chairman briefed members on the financial performance for the fiscal year ended March 31, 2026, and notable company developments. Statutory Auditors M/s Prity Bishwakarma & Co and Secretarial Auditors attended the proceedings.

Resolutions passed

Shareholders transacted both ordinary and special business as outlined in the notice dated August 25, 2026. The key resolutions included:

• Adoption of Financial Statements: Approval of audited standalone and consolidated financial statements for FY26, along with Board and Auditor reports.
• Director Re-appointment: Re-appointment of Rajendra Kanodia (DIN: 00175574), who retired by rotation and offered himself for re-election.
• Auditor Remuneration: Approval of remuneration to the Cost Auditor for FY27.
• Designation Change: A special resolution to change the designation of Rajendra Kanodia from Non-Executive Director to Whole Time Director.

Voting and compliance

The company engaged Central Depository Services Limited (CDSL) for remote e-voting facilities, which were active from September 27 to September 29, 2026. Physical voting via ballot paper was also available at the venue for shareholders who did not vote remotely.

Voting results will be communicated to stock exchanges within two working days and posted on the company’s website and CDSL portal. The meeting closed at 11:10 am after the Company Secretary expressed gratitude to the board and shareholders.

Terai Tea Company Limited has scheduled its 53rd Annual General Meeting for September 30, 2026. The primary agenda involves appointing long-serving director Rajendra Kanodia as Whole-time Director effective August 25, 2026.

The company issued the intimation pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015. The meeting will be held at the registered office in Kolkata at 10:30 am. Shareholders will also consider ordinary business items, including the adoption of audited standalone and consolidated financial statements for FY26.

Key Agenda Items

The special business includes two primary resolutions:

• Approval of remuneration for the cost auditor for FY27.
• Change in designation of Mr. Rajendra Kanodia from Non-Executive Director to Whole-time Director.

Director Appointment Details

Mr. Kanodia, who has served on the board since January 28, 1987, will assume the role of Whole-time Director effective August 25, 2026. The appointment is for a period of five years, concluding on August 24, 2031.

The resolution requires shareholder approval because Mr. Kanodia will attain the age of 70 years on February 20, 2027, during his tenure. Section 196(3) of the Companies Act, 2013 mandates special resolution approval for employment beyond this age.

Remuneration Structure

The explanatory statement outlines the following terms for Mr. Kanodia’s new role:

The board noted that Mr. Kanodia holds 14,700 equity shares in the company. His last drawn remuneration in FY26 was ₹16.20 lakh per annum.

Cost Auditor Approval

Shareholders will ratify the re-appointment of M/s. Debabrota Banerjee & Associates as Cost Auditors for FY27. The approved remuneration is ₹15,000 plus applicable taxes and out-of-pocket expenses.

Voting and Logistics

Remote e-voting commences on September 27, 2026, at 9:00 am and concludes on September 29, 2026, at 5:00 pm. The record date for voting eligibility is September 23, 2026. Equity share transfer registers will remain closed from September 24, 2026, to September 30, 2026.