Warren Tea Reports Q1 Loss, Approves Merger with Maple Hotels & Resorts

Warren Tea Limited , a prominent player in the Indian tea industry, has released its financial results for the first quarter ended June 30, 2025, revealing a challenging period for the company. The tea producer reported no revenue from operations and incurred a loss, while simultaneously announcing a significant strategic move through a proposed merger.

Financial Performance

For the quarter ended June 30, 2025, Warren Tea Limited reported:

• No revenue from operations
• Other income of ₹35.00 lakhs
• Total expenses of ₹92.00 lakhs
• Standalone loss of ₹57.00 lakhs
• Consolidated loss of ₹121.00 lakhs

The company's financial performance reflects the ongoing challenges in the tea industry, with no operational revenue generated during the quarter. The loss was primarily driven by expenses outweighing the minimal other income received.

Merger Announcement

In a significant development, the Board of Directors of Warren Tea Limited has approved a draft scheme of arrangement for amalgamation with Maple Hotels & Resorts Limited. Key points of the merger include:

• Effective date set as April 1, 2025
• Subject to statutory and regulatory approvals, including from the Stock Exchange and National Company Law Tribunal
• Aimed at diversifying the company's business interests

This strategic move suggests Warren Tea is looking to expand beyond its traditional tea business, potentially to mitigate the challenges faced in its core sector.

Auditor's Review

GARV & Associates, the company's auditors, conducted a limited review of the quarterly results. The auditors drew attention to the non-ascertainment of income tax liability (current and deferred) for the quarter, which will be determined by the company at the end of the fiscal year.

Looking Ahead

The merger with Maple Hotels & Resorts, if approved, could mark a significant shift in Warren Tea's business strategy. As the tea industry continues to face challenges, this diversification move may help the company explore new revenue streams and potentially improve its financial position in the coming quarters.

Investors and stakeholders will be closely watching how this proposed merger unfolds and its potential impact on Warren Tea's future performance and market position.