Rossell India Limited — Important, 09-12-2024: Agreements

Rossell India Limited has executed an agreement with James Warren Tea Limited to acquire the Dhoedaam Tea Estate located in Tinsukia, Assam. This acquisition will enhance Rossell India's operational capacity, increasing its crop base by approximately 40%, bringing it to 7 million kgs. The transaction is valued at ₹64.20 crore and is set to be effective from January 1, 2025, or a mutually agreed upon date. This strategic move is expected to bolster both turnover and profitability for the company, presenting a positive outlook for future growth. Investors should watch closely as this expansion could significantly enhance market positioning and operational performance.