Asian tea & exports Limited has informed stock exchanges about a significant inter-se transfer of equity shares between promoter group entities. The company received intimations on 11th March, 2026, regarding the transfer of 28,35,982 equity shares, representing 11.37% of the total shareholding.

Transfer Details and Regulatory Compliance

The share transfer was executed on 10th March, 2026, through off-market transfer via Depository Instruction Slip (DIS). This transaction occurred pursuant to a Scheme of Amalgamation sanctioned by the Hon'ble National Company Law Tribunal (NCLT), Kolkata Bench, through an order dated 19th June, 2025.

The disclosure was made under Regulation 29(2) & 29(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring compliance with regulatory requirements for promoter group transactions.

Merger-Driven Shareholding Changes

The transfer resulted from the merger of Greenex Chemicals Private Limited (transferor company) with IBM Finance and Investment Private Limited (transferee company). Both entities are members of the promoter group of Asian Tea & Exports Limited.

Consequently, Greenex Chemicals Private Limited's entire shareholding in Asian Tea & Exports Limited was vested in IBM Finance and Investment Private Limited, effective from the transfer date.

Corporate Structure and Documentation

Both companies involved in the transaction maintain their registered addresses at Sikkim Commerce House, 4/1, Middleton Street, Kolkata – 700 071. The transfer was properly documented with regulatory disclosures submitted to the company's compliance officer as required under SEBI regulations.

The transaction represents a strategic restructuring within the promoter group, consolidating shareholding under IBM Finance and Investment Private Limited while maintaining the overall promoter group stake in Asian Tea & Exports Limited. The company has duly informed BSE Limited and Calcutta Stock Exchange Limited about this development, ensuring transparency and regulatory compliance.

Asian Tea & Exports Limited , a prominent player in the tea industry, held its 39th Annual General Meeting (AGM) on September 24, 2025, where shareholders approved several significant appointments and resolutions.

Leadership Continuity

The company's founder, Mr. Hariram Garg, received overwhelming support for his re-appointment as Chairman & Managing Director. Shareholders approved a special resolution extending his tenure for another three years, from September 29, 2025, to September 28, 2028. Mr. Garg, an engineer from BITS Pilani, brings over 40 years of experience in tea cultivation and manufacturing to his role.

Board Composition

Mr. Sunil Garg, who has been instrumental in developing the company's international trade, was re-appointed as a director after retiring by rotation. With more than 25 years of experience in marketing and distribution of agro inputs for the tea industry, Mr. Sunil Garg's continued presence on the board aims to strengthen the company's market position.

Corporate Governance

To enhance its corporate governance practices, Asian Tea & Exports Limited appointed M/S Puja Pujari & Associates as the company's Secretarial Auditor for a term of five financial years, from 2025-26 to 2029-30. CS Puja Pujari, a Fellow Member of the Institute of Company Secretaries of India (ICSI), brings over 7 years of experience in corporate laws and regulatory compliance to this role.

Shareholder Approval

The voting results from the AGM revealed strong shareholder support for all resolutions:

The high percentage of votes in favor of all resolutions indicates strong shareholder confidence in the company's leadership and governance structure.

Asian Tea & Exports Limited's strategic appointments and the overwhelming shareholder support demonstrate the company's commitment to maintaining strong leadership and enhancing corporate governance practices as it continues to navigate the dynamic tea industry landscape.