Warren Tea Limited has announced significant leadership changes following its Board of Directors meeting held on March 31, 2026. The decisions were made following recommendations from the Nomination and Remuneration Committee and Audit Committee, marking a strategic transition in the company's management structure. The board meeting commenced at 12.30 PM and concluded at 4.00 PM, addressing all regulatory requirements under SEBI regulations.

Executive Chairman Resignation and Transition

Vinay Kumar Goenka (DIN: 00043124) has resigned from his position as Executive Chairman of the company, effective from the close of March 31, 2026. The resignation was submitted due to personal reasons, with Goenka confirming that there are no material reasons other than those mentioned for his departure from the executive role.

In his resignation letter, Goenka expressed gratitude to his colleagues and stated his intention to continue contributing to the company's progress. The 68-year-old executive, who holds a B.Sc (Botany) degree, has extensive experience in plantation, manufacturing, marketing, and export of tea.

New Vice Chairman & Managing Director Appointment

The Board has approved the appointment of Vivek Goenka (DIN: 00042285) as Additional Whole Time Director designated as Vice Chairman & Managing Director. This appointment is effective from April 1, 2026 to March 31, 2029, subject to shareholder approval.

Vivek Goenka brings diverse business experience to his new role. He graduated in Management Studies from the University of Nottingham and completed his Masters degree in Finance and Investment with distinction. His entrepreneurial background includes founding a chain of design hotels under the brand "Vesta Hotels & Resorts," which currently owns and operates seven up-market hotels across Jaipur, Udaipur, Bikaner, Pushkar, and Bharatpur.

Business Interests and Technology Focus

Vivek Goenka's business portfolio extends beyond hospitality into the technology sector through Softweb Technologies Pvt. Ltd. The company specializes in developing ERP systems for various industries, particularly tea, jute, and mining sectors. Notable innovations include:

• Facial recognition applications for attendance systems
• Pioneer in introducing facial recognition technology in tea estates in India
• Operations based in Kolkata with over 70 engineers
• International presence with offices in Bangladesh

Regulatory Compliance and Shareholder Approval

The company has confirmed that both directors are not debarred from holding office by virtue of any SEBI order or other authority. The Board has approved seeking shareholders' approval for the aforementioned resolutions through postal ballot, in accordance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The complete calendar of events along with the postal ballot notice will be sent to shareholders and submitted to the stock exchange in due course. The company has provided detailed disclosures pursuant to Schedule III of Regulation 30 and 51 of SEBI regulations, ensuring full transparency in the leadership transition process.

Strategic Continuity

This leadership transition represents a strategic move to ensure business continuity while leveraging the experience of both generations. Vinay Kumar Goenka's continued involvement as Chairman provides stability, while Vivek Goenka's appointment as Vice Chairman & Managing Director brings fresh perspectives and technological expertise to drive the company's future growth initiatives.

Warren Tea Limited has submitted a formal confirmation to BSE Limited stating that it does not qualify as a 'Large Corporate' under current SEBI regulations. The communication, dated April 1, 2026, addresses specific regulatory requirements for debt securities issuance.

Regulatory Compliance Communication

The company's letter references two key regulatory circulars that govern fund raising through debt securities by large entities. The confirmation ensures compliance with established guidelines for corporate classification under securities regulations.

Corporate Communication Details

The official communication was signed by Soma Chakraborty, who serves as Executive Director & Company Secretary of Warren Tea Limited. The letter was digitally signed and submitted to BSE Limited's Department of Corporate Services.

Regulatory Framework

The confirmation relates to SEBI regulations concerning fund raising by issuance of debt securities by large entities. The regulatory framework requires companies to declare their status regarding large corporate classification to ensure appropriate compliance with securities regulations.

This regulatory communication demonstrates Warren Tea Limited's commitment to maintaining transparency and compliance with securities market regulations as mandated by SEBI and BSE guidelines.