Terai Tea sets Sep 23 as AGM record date for director appointment
- Terai Tea fixes Sep 23, 2026, as record date for AGM and e-voting
- AGM scheduled for Sep 30, 2026, at Kolkata registered office
- Special resolution seeks approval for Mr. Kanodia's appointment as Whole-time Director
- Cost auditor re-appointment and remuneration also on agenda
*this image is generated using AI for illustrative purposes only.
Terai Tea Company Limited has fixed September 23, 2026, as the cut-off date for e-voting and its 53rd Annual General Meeting. The company issued the intimation pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015.
The AGM is scheduled for September 30, 2026, at the company’s registered office in Kolkata at 10:30 am. Shareholders will 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:
| Component | Details |
|---|---|
| Monthly Salary | ₹1.35 lakh |
| Tenure | Five years (Aug 25, 2026 – Aug 24, 2031) |
| Minimum Remuneration | Payable even in absence of profits |
| Outside Directorships | Six unlisted companies |
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.
Historical Stock Returns for Terai Tea Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.48% | +8.68% | 0.0% | 0.0% | 0.0% | 0.0% |
How might Mr. Kanodia's transition to Whole-time Director influence Terai Tea's operational strategy and cost management over the next five years?
What are the potential market reactions to the appointment of a director exceeding the age limit of 70, and how does this align with broader corporate governance trends in India?
Given the fixed remuneration payable even in the absence of profits, what is the projected impact on Terai Tea's cash flow and profitability margins for FY27?
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