B&A has announced the re-appointment of Mr. Somnath Chatterjee as Managing Director, marking a continuation of experienced leadership at the company. The re-appointment is subject to shareholder approval and represents confidence in his proven track record.

Re-appointment Details

The company has disclosed the re-appointment under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following table outlines the key parameters of the re-appointment:

Professional Background

Mr. Somnath Chatterjee brings extensive experience to his continued role as Managing Director. Born in 1962, he is a Commerce graduate who received specialized training in the United Kingdom focusing on manufacturing of packaging products. His professional expertise spans multiple critical business areas:

• Finance management
• Production operations
• Human resource development
• Commercial matters

His industry experience covers both tea plantation and packaging business sectors, providing valuable cross-industry insights for the company's operations.

Tenure and Experience

Mr. Chatterjee has demonstrated long-term commitment to the organization, having served as a Director since 2006. His over forty years of professional experience positions him well to continue leading the company's strategic initiatives and operational excellence.

Regulatory Compliance

The company has confirmed that Mr. Somnath Chatterjee meets all regulatory requirements for the position. According to the disclosure, he is not debarred from holding the office of Director pursuant to any SEBI Order or order of any such authority. Additionally, none of the Directors of the company are inter se related to Mr. Chatterjee, ensuring independence in board composition.

The re-appointment reflects the board's confidence in Mr. Chatterjee's leadership capabilities and his contribution to the company's growth trajectory over his tenure.

B&A Limited has received independent auditor review reports for its Q3FY26 unaudited financial results from Salarpuria & Partners, Chartered Accountants. The tea plantation and packaging company's quarterly results have been reviewed and approved under SEBI Listing Obligations and Disclosure Requirements Regulation 33, showing mixed performance across standalone and consolidated operations.

Independent Auditor Review Process

Salarpuria & Partners conducted comprehensive reviews of both standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The auditors expressed unmodified conclusions on the financial statements, confirming compliance with Indian Accounting Standard 34 (Ind AS 34) for Interim Financial Reporting.

Standalone Financial Performance

The company's standalone operations showed contrasting trends between revenue growth and profitability during Q3FY26. The audited results revealed significant challenges in the bottom line despite improved operational revenue.

For the nine-month period, standalone operations recorded a net profit of Rs 1,274.96 lacs compared to Rs 1,405.66 lacs in the corresponding previous period, representing a decline of 9.30%.

Consolidated Financial Results

The consolidated results, encompassing B&A Limited as parent company and B&A Packaging India Limited as subsidiary, demonstrated stronger performance with positive profitability during Q3FY26.

Segment-wise Performance Analysis

The company operates across multiple business segments with detailed performance metrics available for consolidated operations:

Regulatory Compliance and Labour Code Impact

The auditors noted the company's compliance with newly notified Labour Codes by the Government of India, effective from November 21, 2025. Based on actuarial valuation, the company accounted for Rs 1.19 lacs in standalone operations and Rs 6.51 lacs in consolidated operations towards additional gratuity as past service cost due to revised wage definitions.

Board Approvals and Management Changes

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 14, 2026. Additionally, the board approved the re-appointment of Mr. Somnath Chatterjee as Managing Director for a three-year term from April 1, 2026 to March 31, 2029, subject to shareholder approval.