The Grob Tea Co Ltd has completed the acquisition of 100% equity shares in Bazaloni Group Limited for a total cash consideration of ₹72.16 crore, finalizing the transaction on July 28, 2026. This strategic move transforms Bazaloni Group Limited into a wholly owned subsidiary, aimed at expanding business operations and enhancing revenue and profitability within the tea sector. The acquisition provides The Grob Tea Co Ltd with immediate access to Bazaloni’s established presence in Assam, including its 1,000-hectare tea cultivation area and production capacity of approximately 3 million kilograms of premium C.T.C. tea.

The deal was executed pursuant to a Share Purchase Agreement signed on July 1, 2026, with the existing shareholders of the target company. The transaction does not fall under related party transactions, and no governmental or regulatory approvals were required. Compliance details were disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.

Transaction Details

Bazaloni Group Limited, incorporated on June 30, 1977, operates primarily in the tea industry. The entity holds an authorized share capital of ₹4 crore divided into 40,00,000 equity shares of ₹10 each, with a paid-up share capital of ₹1.59 crore comprising 15,96,500 equity shares. Founded by the Chalmers brothers in 1915, the estate is headquartered in Kolkata and operates two divisions, Rajgarhali and Bazaloni, employing over 4,000 people with infrastructure including housing, hospitals, and schools.

Financial Performance of Target

As of March 31, 2026, Bazaloni Group Limited reported a turnover of ₹52.78 crore and a net profit of ₹6.88 crore. The company has shown consistent growth in turnover over the last three fiscal years.

What the Numbers Show

The acquisition price of ₹72.16 crore represents a significant premium over Bazaloni Group Limited’s paid-up share capital of ₹1.59 crore, reflecting the value placed on its operational assets and market position. With a net profit of ₹6.88 crore in FY26, the target demonstrates strong profitability relative to its turnover of ₹52.78 crore. The integration of Bazaloni’s established presence in Assam aligns directly with The Grob Tea Co Ltd’s objective to strengthen its footprint in the premium C.T.C. tea segment.

Grob Tea Company Limited has resubmitted its Annual Report for the financial year 2025-26 to the stock exchanges to rectify an inadvertent formatting error. The company identified that a line of the Registrar and Share Transfer Agent (RTA) address was incorrectly shifted under the Company's Registered Office address in the Corporate Information section of the document originally submitted on July 17, 2026.

The company clarified that this resubmission is solely for the purpose of correcting the alignment error and has no impact on the financial statements, statutory disclosures, or any other information contained within the Annual Report. The revised document was submitted to the Calcutta Stock Exchange Limited and the National Stock Exchange of India Limited on July 18, 2026.

The Annual Report covers the financial performance of the company for the year ended March 31, 2026. The report includes the audited financial statements, the Directors' Report, and the Management Discussion and Analysis Report. The Board of Directors has recommended a dividend of ₹2 per Equity Share of ₹10 each for the financial year 2025-26, subject to shareholder approval at the Annual General Meeting.

Key Financial Highlights for FY 2025-26

The company's production of tea for the year was 44.01 lakh kgs, while sales stood at 46.27 lakh kgs. The Board of Directors has proposed the re-appointment of Mr. Pradeep Kumar Agarwal as Managing Director for a further period of three years from June 30, 2026, to June 29, 2029, subject to shareholder approval.