Bansisons Tea Industries Limited has reported its audited financial results for the financial year ended March 31, 2022, showing a substantial decline in profitability despite stable revenue performance.

Financial Performance Overview

The company's financial performance for FY22 reflected challenging operational conditions, with net profit declining significantly year-over-year.

Revenue and Income Analysis

Revenue from operations remained unchanged at ₹150.00, primarily from lease rent income from tea garden operations. However, other income decreased to ₹39.37 from ₹52.99 in the previous year, mainly due to lower interest received. The company's total income declined by 6.71% to ₹189.37.

Expense Structure

Total expenses increased substantially by 68.32% to ₹185.36, driven by higher employee benefit expenses and other operational costs. Employee benefit expenses rose to ₹48.11 from ₹28.95, while other expenses increased significantly to ₹117.25 from ₹61.28. Depreciation expenses remained relatively stable at ₹20.01 compared to ₹19.89 in FY21.

Balance Sheet Position

The company's financial position as of March 31, 2022:

Audit and Compliance

The company received an unmodified audit opinion from its statutory auditors, R.K. Bihani Associates, for the financial year 2021-22. The auditors confirmed that no qualifications, reservations, adverse remarks, or disclaimers were expressed in the audit report. The company submitted clarification to BSE regarding the initial non-submission of audit reports along with financial results, stating it was inadvertent and without malafide intent.

Earnings Per Share

Earnings per share declined significantly to ₹0.01 for FY22 from ₹0.13 in FY21, reflecting the substantial decrease in profitability. The weighted average number of equity shares remained constant at 61,97,550 shares.

Bansisons Tea Industries Limited , a tea company based in West Bengal, has announced a change in its board composition. Mrs. Mamy Ghosh (DIN: 06532484) has stepped down from her role as an Independent Director, effective November 19, 2025.

Resignation Details

Mrs. Ghosh cited pre-occupation as the primary reason for her departure from the board. In her resignation letter, she confirmed that there were no other material reasons for her decision beyond those stated.

Impact on Board Composition

The resignation of Mrs. Ghosh will affect the company's board structure. As an Independent Director, her role was crucial in providing unbiased oversight and guidance to the company's operations.

Company's Response

Bansisons Tea Industries Limited has acknowledged Mrs. Ghosh's resignation and has initiated the necessary procedural formalities under the Companies Act, 2013 and SEBI Regulations to give effect to the resignation.

Financial Context

While the resignation itself does not directly impact the company's financials, it's worth noting some key financial metrics of Bansisons Tea Industries Limited as of the most recent balance sheet data (March 2025):

These figures provide context to the company's financial position at the time of this board change.

Next Steps

The company may begin the process of identifying and appointing a new Independent Director to maintain the required board composition as per regulatory guidelines. Shareholders and investors will be keen to see how this change might influence the company's governance structure moving forward.

As this is a developing situation, stakeholders are advised to monitor further announcements from Bansisons Tea Industries Limited regarding potential replacements or changes to the board structure.