The Grob Tea Company Limited has disclosed the resignation of its statutory auditor, M/s GARV & Associates, Chartered Accountants (Firm Registration No. 301094E), effective 13 May 2026. The intimation was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024. The resignation takes effect from the close of business hours on 13 May 2026, upon completion of the issuance and signing of the Limited Review Report and Audit Report for the financial results for the quarter and year ended 31 March 2026.

Key Details of the Auditor Resignation

The following details have been disclosed in accordance with Regulation 30 of the SEBI Listing Regulations and the applicable SEBI Master Circular:

Reason for Resignation

M/s GARV & Associates was originally appointed as statutory auditor of The Grob Tea Company for a period of five years, covering financial years 2022-23 to 2026-27, at the Annual General Meeting held on 2nd August, 2022. In their resignation letter dated 13 May 2026, the firm stated that discussions regarding statutory audit fees for the financial year ending 31 March 2027 did not reach a resolution. The firm cited that the existing fees are not commensurate with the time and effort required for carrying out the audit engagement, particularly in view of entity acquisitions by the company and the associated responsibilities as statutory auditors.

The resignation letter, addressed to the Board of Directors and specifically to Mr. Mukesh Kumar Agarwal, Whole-time Director, referenced prior correspondence dated 6 May 2026 and subsequent discussions that failed to yield an agreement. The firm confirmed that there is no other material reason for the resignation beyond those stated, and that no concerns regarding inability to obtain sufficient audit evidence or management-imposed limitations were applicable.

Regulatory Compliance

The disclosure was made in compliance with the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated 11 July 2023, which prescribes the information to be provided by an auditor upon resignation. M/s GARV & Associates, headquartered at 27A Hazra Road, Kolkata-700029, confirmed that all required information has been furnished and that the resignation information provided is correct and complete. The company has been directed to submit applicable declarations to the stock exchanges within the prescribed timelines. The intimation was signed by Neha Singh, Company Secretary and Compliance Officer of The Grob Tea Company Limited.

The Grob Tea Company Limited has informed the stock exchanges of the resignation of Mr. Balkrishna Singhania from his position as Independent Director, effective from the close of business hours on May 13, 2026. The intimation was made on May 11, 2026, in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Balkrishna Singhania submitted his resignation letter dated May 11, 2026, citing personal reasons and other commitments as the basis for his decision. He also confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter, as required under the applicable regulatory framework. The key details of the resignation are summarised below:

Committee Memberships Affected

As a consequence of his resignation as Independent Director, Mr. Singhania will also cease to hold membership in the following board-level committees of the company:

• Audit Committee
• Nomination & Remuneration Committee

Mr. Singhania did not hold any directorship or committee membership in any other listed entity at the time of his resignation.

Regulatory Disclosure

The disclosure was made in accordance with Regulation 30 of the Listing Regulations, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The intimation, along with the resignation letter, has been filed with the National Stock Exchange of India Limited and The Calcutta Stock Exchange Limited, and has also been uploaded on the company's website at www.grobtea.com .

The Board of Directors of the company placed on record its appreciation for the valuable contribution and guidance provided by Mr. Balkrishna Singhania during his association with the company as an Independent Director. The resignation letter was signed by Neha Singh, Company Secretary & Compliance Officer, on behalf of The Grob Tea Company Limited.