Warren Tea Limited will hold its 49th Annual General Meeting (AGM) on Monday, September 14, 2026, at 12:30 PM IST via Video Conferencing/Other Audio Visual Means (VC/OAVM). The primary objective of the meeting is to seek shareholder approval for the reappointment of M/s. Garv & Associates as the company’s statutory auditors for a second consecutive term of five years, extending until the conclusion of the 54th AGM in 2031. This appointment ensures continuity in financial oversight following their initial tenure which began after the 44th AGM in 2021.

The Board of Directors, acting on the recommendation of the Audit Committee, proposed the reappointment based on factors including industry experience, audit team competency, and independence. M/s. Garv & Associates have confirmed their eligibility under Section 139 and 141 of the Companies Act, 2013, and Section 141(3)(g) limits. The proposed remuneration for statutory audit services for the financial year ending March 31, 2027, is set at ₹1.50 lacs plus applicable taxes and out-of-pocket expenses, consistent with the fee structure for FY26. The company may also engage the firm for permissible non-audit services, remunerated separately as approved by the Board.

Key Agenda Items

In addition to the auditor reappointment, the AGM will transact ordinary business items critical to corporate governance. Shareholders will consider and adopt the Standalone and Consolidated Financial Statements for the year ended March 31, 2026. Furthermore, Mrs. Soma Chakraborty, Executive Director and Company Secretary, retires by rotation and offers herself for reappointment.

The following table outlines the key resolutions and personnel details for the AGM:

Mrs. Chakraborty, who holds a B.Sc., AICMA, and ACS qualification, brings 35 years of experience in costing, accounts, audit, legal, and secretarial functions. She was first appointed to the Board on April 1, 2024, and serves as a member of the Stakeholders Relationship, Risk Management, and Corporate Social Responsibility Committees. Her last drawn remuneration for FY26 totaled ₹8.97 lacs, comprising salary, provident fund/gratuity, and other benefits. She holds no shares in Warren Tea Limited but serves on the boards of BWL Limited and Warren Industrial Ltd.

Voting and Participation Guidelines

Shareholders holding shares as of the cut-off date, September 7, 2026, are eligible to vote. Remote e-voting will be open from September 10, 2026, at 9:00 AM to September 13, 2026, at 5:00 PM, facilitated by Central Depository Services (India) Limited (CDSL). Members can also vote during the live VC/OAVM session. Physical attendance is dispensed with, and proxy appointments are not permitted for this virtual meeting, although institutional members may authorize representatives.

Mr. Raj Kumar Bantia of Messrs. MKB & Associates has been appointed as the Scrutinizer to oversee the e-voting process. The company advises shareholders to update their email addresses and PAN details with their Depository Participants or the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, by September 7, 2026, to ensure seamless participation. Unclaimed dividends from previous years have been transferred to the Investor Education and Protection Fund or General Revenue Account as per statutory requirements.

Warren Tea Limited reported a widening net loss for the first quarter of fiscal year 2026, signaling continued operational headwinds. The company posted a standalone net loss of ₹62 lakh for the quarter ended June 30, 2026, compared to a net loss of ₹57 lakh in the same period last year. Consolidated results mirrored the standalone figures, with a net loss of ₹62 lakh against ₹57 lakh in Q1FY25. The Board of Directors approved the unaudited financial results at a meeting held on August 10, 2026.

The filing, submitted pursuant to Regulation 33 and Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, does not disclose total income from operations. Instead, the statement highlights profit or loss before exceptional items and tax. Standalone profit before exceptional items and tax stood at ₹40 lakh, marginally higher than the ₹35 lakh reported in Q1FY25. However, exceptional items dragged down the bottom line, resulting in the net loss after tax. The statutory auditors conducted a limited review of these financial results.

Financial Performance Overview

The following table outlines the key financial metrics for Warren Tea Limited for Q1FY26 compared to the corresponding previous period and the full fiscal year 2025.

Equity share capital remained unchanged at ₹1,195 lakh for both standalone and consolidated structures. Reserves excluding revaluation reserve stood at ₹7,264 lakh on a standalone basis and ₹8,353 lakh on a consolidated basis as per the audited balance sheet of the previous year ended March 31, 2026.

What the Numbers Show

A notable divergence exists between the pre-exceptional profit and the final net loss. While the company generated a pre-tax, pre-exceptional profit of ₹40 lakh—indicating some operational stability or cost containment—the impact of exceptional items resulted in a net loss of ₹62 lakh. This suggests that non-recurring charges or adjustments significantly outweighed the operating profit for the period. Furthermore, while standalone comprehensive income was positive at ₹35 lakh, driven likely by other comprehensive income items, the consolidated comprehensive income remained negative at ₹23 lakh, highlighting differences in subsidiary performance or inter-company eliminations affecting the group's overall equity position.