Kanco Tea & Industries Limited has announced the voluntary resignation of Mr. Binay Kumar Pandey, Manager of Lakmijan Tea Estate, in compliance with regulatory disclosure requirements. The company filed the necessary documentation with BSE Limited on January 5, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Pandey submitted his resignation letter on January 4, 2026, requesting release from company services after closing hours on January 15, 2026. The resignation is characterized as voluntary, with no external circumstances cited as contributing factors.

Regulatory Compliance

The company fulfilled its disclosure obligations by providing comprehensive details as required under Schedule III - Para A (7C) of Part A of Regulation 30 of the SEBI (LODR) Regulations, 2015. Company Secretary and Compliance Officer Charulata Kabra signed the regulatory filing, ensuring proper documentation of the personnel change.

Employee Statement

In his resignation letter addressed to management, Mr. Pandey expressed gratitude for the opportunities and professional growth experienced during his tenure. He acknowledged the valuable experience gained working under the organization's leadership and committed to ensuring a smooth transition of responsibilities during the notice period. The departing manager indicated willingness to assist in the handover process and extended wishes for the company's continued success.

Corporate Information

Kanco Tea & Industries Limited operates from its registered office at Jasmine Tower, Shakespeare Sarani, Kolkata. The company maintains operations in the plantation and tea industry sector, with Lakmijan Tea Estate representing one of its operational facilities where Mr. Pandey served in a managerial capacity.

KanCo Tea & Industries , a prominent player in the tea industry, has reported a substantial loss for the quarter, reflecting the seasonal nature of the tea business.

Financial Performance

The company's standalone financial results paint a challenging picture:

KanCo Tea's standalone revenue from operations witnessed a sharp decline to ₹360.00 lakhs in the current quarter, compared to ₹1,306.00 lakhs in the previous quarter. This significant drop in revenue led to a standalone net loss of ₹866.00 lakhs, a stark contrast to the profit of ₹211.00 lakhs in the preceding quarter.

Consolidated Results

The consolidated financial results mirrored the standalone performance:

• Net loss of ₹978.00 lakhs, compared to a profit of ₹223.00 lakhs in the previous quarter
• Consolidated revenue from operations fell to ₹360.00 lakhs from ₹1,306.00 lakhs
• Consolidated Earnings Per Share (EPS) turned negative at ₹(19.09)

Seasonal Impact and Auditor's Note

The company emphasized that the tea business is seasonal, cautioning that the current period figures should not be considered indicative of full-year results. This sentiment was echoed in the auditor's report, which highlighted that no provision for income tax was made due to the seasonal nature of the business.

Looking Ahead

While the quarterly results show a significant downturn, it's important to note that the tea industry often experiences fluctuations due to seasonal factors. Stakeholders will be keenly watching how KanCo Tea navigates these challenges in the coming quarters and whether it can capitalize on the typically stronger periods in the tea production cycle.

The company's ability to manage costs, improve operational efficiencies, and potentially diversify its revenue streams may be crucial in mitigating the impact of seasonal variations on its financial performance.