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.

Asian Tea & Exports Ltd , a company primarily engaged in the trading of tea, yellow peas, rice, and dal, has reported a significant downturn in its financial performance for the quarter ended September 30, 2021. The unaudited financial results, approved by the board on February 14, 2022, reveal a stark contrast to the company's performance in the same quarter of the previous year.

Financial Highlights

• Net Loss: The company posted a net loss of Rs 137.69 lakhs, a sharp decline from a profit of Rs 73.67 lakhs in the corresponding quarter of the previous year.
• Revenue: Revenue from operations saw a substantial decrease, falling to Rs 1,610.18 lakhs from Rs 2,573.45 lakhs year-on-year.
• Expenses: Total expenses were Rs 1,747.87 lakhs, contributing to the negative bottom line.
• Earnings Per Share (EPS): The EPS turned negative at Rs -1.38 per share.

Consolidated Performance

On a consolidated basis, Asian Tea & Exports reported a net loss of Rs 37.74 lakhs for the quarter, further underscoring the challenging period for the company.

Financial Results Overview

The financial results indicate a challenging quarter for Asian Tea & Exports Ltd, with a significant decline in revenue and a shift from profit to loss. The total expenses, coupled with the reduced revenue, have had a notable impact on the company's bottom line.

As a trader in essential commodities like tea, yellow peas, rice, and dal, the company's performance may reflect broader market conditions or specific challenges in these sectors.