Terai Tea Company has changed the designation of Rajendra Kanodia from Non-Executive Director to Executive-Whole-time Director. The board approved the move on August 25, 2026, for a five-year term starting immediately.

The appointment requires shareholder approval at the ensuing annual general meeting. The Nomination and Remuneration Committee recommended the change and the fixation of remuneration.

Key Details

• Effective Date: August 25, 2026
• Term: Five years, ending August 24, 2031
• Previous Role: Non-Executive Director
• New Role: Executive-Whole-time Director

Profile and Background

Rajendra Kanodia holds a graduation degree in Commerce. He possesses over 40 years of experience in tea plantation, marketing, and financial business. He has served as a member of the board since January 28, 1987.

The company disclosed that Kanodia has no relationship with any other managerial personnel or directors of the company. The board meeting commenced at 4:00 pm and concluded at 5:00 pm.

Terai Tea Company Limited reported a standalone net profit of ₹959.92 lakh for the financial year ended March 31, 2026, marking a substantial increase from ₹368.05 lakh in the previous year. The company’s revenue from operations for FY26 stood at ₹8,871.39 lakh, a decrease from the ₹10,299.49 lakh recorded in the corresponding period of the previous year. The statutory auditors, M/s. Saha & Majumder Chartered Accountants, issued an unmodified opinion on the financial results.

Financial Performance

For the quarter ended March 31, 2026, the company posted a net profit of ₹704.98 lakh, a turnaround from the net loss of ₹962.85 lakh in the same quarter of the prior year. Revenue from operations for the quarter surged to ₹3,314.06 lakh from ₹1,844.15 lakh in Q4 FY25. Total income for the quarter rose to ₹4,139.87 lakh, while total expenses were reported at ₹3,881.08 lakh.

The basic and diluted earnings per share (EPS) for the year ended March 31, 2026, stood at ₹13.95, compared to ₹5.35 in the previous year. For the quarter ended March 31, 2026, the EPS was recorded at ₹10.25.

Consolidated Results

On a consolidated basis, the company reported a net profit of ₹518.44 lakh for FY26, down from ₹953.13 lakh in FY25. Revenue from operations for the consolidated entity was ₹8,871.39 lakh for the year, lower than the ₹10,299.49 lakh achieved in the previous financial year. The profit attributable to the owners of the company for the year was ₹518.44 lakh. The consolidated results include the financials of one subsidiary and ten associates.

Segment Reporting

The company operates primarily through two segments: Tea Garden & Manufacturing and Trading. For the year ended March 31, 2026, the Tea Garden & Manufacturing segment reported revenue of ₹3,254.29 lakh, while the Trading segment contributed ₹5,617.10 lakh. The Trading segment was the primary revenue driver, accounting for the bulk of the total operations income.

Board Approvals

The Board of Directors, at its meeting held on May 30, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Additionally, the Board re-appointed M/s. Tamakhubala & Associates as the Internal Auditor and M/s. Debabrota Banerjee and Associates as the Cost Auditor for the financial year 2026-27.