Warren Tea shareholders approve amalgamation with Maple Hotels
Warren Tea Limited shareholders approved the scheme of amalgamation with Maple Hotels & Resorts Limited with 99.9999% votes in favour during a court-convened meeting on June 18, 2026. The resolution received 9,957,207 votes in favour and only 9 against, representing 83.32% of total outstanding shares. The meeting was chaired by Mr. Mohan Ram Goenka and scrutinized by Ms. Shreya Choudhary, both appointed by the NCLT.
*this image is generated using AI for illustrative purposes only.
Warren Tea Limited shareholders have approved the scheme of amalgamation with Maple Hotels & Resorts Limited. The resolution was passed with 99.9999% of votes in favour during a court-convened meeting held on June 18, 2026. The scheme involves the amalgamation of Warren Tea Limited with and into Maple Hotels & Resorts Limited and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013.
The meeting was chaired by Mr. Mohan Ram Goenka, appointed by the National Company Law Tribunal (NCLT), Kolkata Bench. The proceedings commenced at 11:30 A.M. (IST) and concluded at 11:43 A.M. (IST). Remote e-voting facilities were provided to shareholders from June 15, 2026, at 09:00 A.M. (IST) to June 17, 2026, at 5:00 P.M. (IST). The scrutinizer for the meeting was Ms. Shreya Choudhary, also appointed by the NCLT.
The voting results indicate strong support for the amalgamation. A total of 9,957,207 votes were polled in favour, representing 83.32% of the total outstanding shares. Only 9 votes were cast against the resolution. The approval was sought pursuant to an NCLT order dated April 28, 2026.
Voting Breakdown
| Category | Votes In Favour | Votes Against | % In Favour |
|---|---|---|---|
| Promoter and Promoter Group | 7,889,989 | 0 | 100.0000 |
| Public - Non Institutions | 2,067,218 | 9 | 99.9996 |
| Total | 9,957,207 | 9 | 99.9999 |
The Chairperson informed the members that all regulatory requirements for convening the meeting had been complied with. This included serving the meeting notice dated May 16, 2026, to equity shareholders via email and Speed Post, submitting the notice to the stock exchange, and serving it to authorities under Section 230(5) of the Companies Act, 2013. Newspaper advertisements were published in Business Standard and Aajkaal on May 19, 2026.
The results of the meeting will be declared within two working days from the conclusion of the meeting. These results will be placed at the registered office of the company, on its website, and forwarded to BSE Limited. A report of the Chairperson on the meeting results will be submitted to the Hon'ble NCLT, Kolkata Bench, within four weeks from the date of the meeting.
Historical Stock Returns for Warren Tea
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.37% | +10.01% | +13.10% | +7.06% | -19.93% | -28.34% |
What is the expected timeline for the NCLT to grant final approval for the amalgamation scheme?
How will the merger impact the strategic direction and operational focus of the combined entity?
What are the anticipated synergies and cost savings resulting from the integration of Warren Tea and Maple Hotels?
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