Longview Tea Company Ltd has notified BSE Limited of its inability to submit unaudited financial results for the quarter ended December 31, 2025, citing the dissolution of its Board of Directors as the primary reason. The company's communication, dated February 27, 2026, explains the circumstances that led to non-compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018.

Board Dissolution Following Director's Death

The company's governance crisis began with the death of Director Pradip Kumar Daga on November 18, 2025. Following his demise, the Board was left with only two Independent Directors - Ms. Navpreet Kaur and Mr. Kuldeep Singh Rathore - who were entitled to hold office until the conclusion of the 146th Annual General Meeting scheduled for November 28, 2025, as per Section 161 of the Companies Act, 2013.

Failed AGM Resolutions Lead to Complete Board Dissolution

At the 146th Annual General Meeting held on November 28, 2025, all proposed resolutions, including those pertaining to the regularization and appointment of Independent Directors, failed to secure the requisite majority of favorable votes. Consequently, both remaining directors ceased to be Directors of the Company effective November 28, 2025, resulting in complete dissolution of the Board.

Key Management Personnel Resignations

Following the Board dissolution, the company faced further leadership challenges. Both the Company Secretary-cum-Compliance Officer and the Chief Financial Officer resigned from their positions effective January 6, 2026 and January 16, 2026 respectively. The company duly filed necessary intimations and announcements regarding these resignations with BSE Limited as per Regulation 30 of the LODR regulations.

Regulatory Compliance Challenges

The company emphasized that it had previously maintained full compliance with regulatory requirements. All financial results until the quarter and half year ended September 30, 2025 were duly filed and submitted as per Regulation 33 requirements, with proper Board approval through the BSE Portal.

However, the current situation presents insurmountable compliance challenges:

• Audit Committee Review: Financial results require review and recommendation by the Audit Committee
• Board Approval: Results must be approved by the Board of Directors before statutory auditor review
• Limited Review Process: The entire approval and limited review process cannot be carried out without a functioning Board

Pending Legal Proceedings

The company disclosed that litigation under Section 241 & 242 of the Companies Act, 2013, filed by two shareholders, is currently pending before the National Company Law Tribunal (NCLT), Kolkata Bench. This adds another layer of complexity to the company's governance situation.

Request for Alternative Compliance Route

In its communication to BSE Limited, Longview Tea Company has requested guidance on any alternate route of compliance that may be deemed appropriate in the spirit of full disclosure and regulatory adherence. The company acknowledged that necessary compliances under Regulation 33 for the quarter ended December 31, 2025 remain pending due to the extraordinary circumstances surrounding the dissolved Board structure.

Longview Tea Company Limited has announced the resignation of its Chief Financial Officer Ms. Rohini Mukherjee, effective January 16, 2026. The company informed BSE Limited about this key managerial personnel change in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Reason for Resignation

Ms. Mukherjee cited the absence of a Board of Directors as the primary reason for her resignation. According to the company's disclosure, there has been no Board of Directors in place since the Annual General Meeting held on November 28, 2025. In her resignation letter, Ms. Mukherjee specifically mentioned this absence as the driving factor behind her decision to step down from her position with immediate effect.

Regulatory Compliance Details

The company has fulfilled its regulatory obligations by providing comprehensive details of the personnel change to the stock exchange. The following table summarizes the key aspects of the resignation:

Corporate Governance Impact

The resignation highlights significant corporate governance challenges at Longview Tea Company Limited. Ms. Mukherjee confirmed in her resignation letter that no other material reasons existed for her departure beyond the stated absence of the Board of Directors. The company's Chief Executive Officer Shantanu Daga has acknowledged the resignation and committed to filing requisite returns and intimations with appropriate authorities.

Company Response

Longview Tea Company Limited has formally communicated the resignation to BSE Limited, providing all necessary documentation including the resignation letter as Annexure-B and detailed particulars as required under SEBI regulations. The company emphasized that Ms. Mukherjee confirmed no additional material reasons existed for her resignation beyond those disclosed in her formal resignation communication.