The United Nilgiri Tea Estates Company Limited has fixed Friday, July 31, 2026, as the record date to determine the eligibility of equity shareholders for a dividend, subject to shareholder approval. The Register of Members and Share Transfer Books will remain closed from Saturday, August 1, 2026, to Friday, August 7, 2026, for this purpose. This closure coincides with the company's 104th Annual General Meeting (AGM), which is scheduled to be held on August 7, 2026, at 4.00 PM through Video Conference (VC) or Other Audio-Visual Means (OAVM).

The Board of Directors, at its meeting held on June 4, 2026, approved the recommendation to appoint Mr. Anand Raghavan as an Independent Director. This appointment is subject to the approval of the members and will be for a term of three years, commencing from the conclusion of the 104th AGM until the conclusion of the 107th AGM to be held in 2029. Mr. Raghavan will not be liable to retire by rotation.

Mr. Anand Raghavan is a seasoned Chartered Accountant with over three decades of experience in financial services, regulatory advisory, and corporate governance. His professional background includes executive and board-level positions at leading institutions such as Sundaram Finance and Ernst & Young LLP. His expertise covers NBFC regulations, corporate taxation, foreign investment, restructuring, and board-level compliance.

The Board's decision follows the recommendation of the Nomination and Remuneration Committee. The necessary disclosures regarding the appointment were made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI Master Circular dated January 30, 2026.

Key Corporate Actions

The United Nilgiri Tea Estates Company Limited announced its audited financial results for the fiscal year ended March 31, 2026. The company reported a net profit of ₹2,194.35 lakh for the year, compared to ₹1,851.00 lakh in the previous year. Total income for the year stood at ₹9,305.50 lakh, while total expenses were recorded at ₹6,712.38 lakh.

Financial Performance

The company's revenue from operations for the year ended March 31, 2026, was ₹8,335.36 lakh, a decrease from ₹8,979.55 lakh in the prior year. Other income increased to ₹970.14 lakh from ₹949.82 lakh. The profit before tax for the year rose to ₹2,593.12 lakh from ₹2,130.13 lakh in the previous year.

The basic and diluted earnings per share (EPS) for the year increased to ₹43.91 from ₹37.04 in the previous year. The paid-up equity share capital remained constant at ₹499.66 lakh.

Dividend Declaration

The Board of Directors has recommended a final dividend of ₹2.20 per share (22%) on equity shares of ₹10 each for the financial year 2025-26. This is in addition to an interim dividend of ₹1 per share already paid, aggregating to a total dividend of ₹3.20 per share (32%) for the year. The dividend is subject to the approval of shareholders at the ensuing Annual General Meeting.

Segment Results

The company operates primarily in the Plantation and Property segments. For the year ended March 31, 2026, the Plantation segment reported revenue of ₹7,680.50 lakh, while the Property segment contributed ₹654.86 lakh. The total segment revenue was ₹8,335.36 lakh. The Plantation segment reported a profit before tax and interest of ₹1,642.12 lakh, whereas the Property segment reported ₹441.43 lakh.

Board Decisions

In addition to the financial results, the board appointed M/s. Deloitte, Touche Tohmatsu India LLP as the internal auditors for the financial year 2026-27. The board also decided to defer the proposal for the appointment of an Independent Director in place of Mr. P.B. Sampath, a retiring director.