Tyroon Tea Company held its 31st post-IPO Annual General Meeting on September 25, 2026. The meeting was conducted through Video Conference and Other Audio Visual Means (VC/OAVM), concluding at 3:52 pm.

Meeting proceedings and financial review

The company reported that no qualifications were raised by the auditor in their report for the year ended March 31, 2026. Consequently, the audited financial statements were presented to members without any adverse comments or reservations regarding the accounting practices or disclosures.

During the session, nine shareholders expressed their views on the company's performance. The management addressed queries raised by members, with CEO Sri Prakash Jalan responding to concerns and thanking shareholders for their continued faith in the company's operations.

Key resolutions passed

The primary business item involved the re-appointment of a director retiring by rotation. The following resolution was adopted:

Miss Anuradha Jalan, who served as the Chairperson of the meeting, offered herself for re-appointment as she was eligible to continue as a Non-Executive, Non-Independent Director.

E-voting process

E-voting for the ordinary business items was conducted from September 22, 2026, to September 24, 2026, and remained open during the meeting hours. M/s D. C. Sahoo & Co., Practising Company Secretary, acted as the scrutinizer. The scrutiny report is scheduled to be uploaded on the company website and stock exchange platforms by September 28, 2026.

Tyroon Tea Company Limited reported a net profit of ₹115.52 lakhs for the quarter ended June 30, 2026, signaling a strong operational recovery compared to the net loss of ₹581.93 lakhs recorded in the preceding quarter. The Kolkata-based tea manufacturer saw its revenue from operations jump 57.8% year-on-year to ₹897.65 lakhs, up from ₹568.85 lakhs in Q1FY26, as seasonal demand supported top-line growth.

The Board of Directors approved the unaudited standalone financial results on August 11, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the statutory auditor, K. N. Gutgutia & Co., under Standard on Review Engagement (SRE) 2410. The company operates under ISO 9001:2008, ISO 22000:2005, and HACCP certifications, focusing exclusively on the cultivation, manufacture, and sale of tea.

Financial Performance

Revenue from operations stood at ₹897.65 lakhs in Q1FY27, compared to ₹213.53 lakhs in Q4FY26 and ₹568.85 lakhs in Q1FY26. Other income declined to ₹81.96 lakhs from ₹121.92 lakhs in the same period last year, primarily due to fluctuations in fair value adjustments on equity investments. Total income for the quarter reached ₹979.61 lakhs.

Expenses totaled ₹864.09 lakhs, with employee benefits accounting for ₹562.06 lakhs and other expenses at ₹574.41 lakhs. A significant reduction in inventory levels contributed positively to the bottom line, with changes in inventory showing a credit of ₹423.94 lakhs, compared to a debit of ₹98.10 lakhs in Q4FY26. Cost of materials consumed was ₹112.12 lakhs, representing green leaf purchases.

Key Operational Updates

The company highlighted that its business is seasonal, meaning quarterly results are not representative of annual performance. Tax provisions for current and deferred taxes were not made for the quarter, as the ultimate liability will be determined based on the full-year results ending March 31, 2027, in accordance with Ind AS 12 "Income Taxes." This deviation from standard interim tax provisioning was noted by the auditors.

Tyroon Tea Company has lodged an insurance claim for ₹22.68 lakhs regarding losses from waterlogging at a third-party warehouse. The amount will be accounted for upon final settlement. Additionally, the company received exceptional income of ₹7.00 lakhs in FY26 from Kohima - Mariani Transmission Limited as compensation for damage to tea plants during HT pole installation. No dividend was declared for the quarter.