Indong Tea Company Ltd — Board Meeting, 20-05-2025: Board Meeting

Indong Tea Company Limited has announced a board meeting outcome approving the financial results for the quarter and half-year ended March 31, 2025. The company reported total income of Rs. 30.33 Cr and total expenditure of Rs. 24.75 Cr for the year, resulting in a loss before tax of Rs. 1.18 Cr and a net loss of Rs. 1.36 Cr. The company completed utilization of funds raised through its IPO and preferential share issue, allocated mainly towards capital expenditure for tea plantation extension, processing unit upgrades, working capital, and corporate purposes. The audit report by Agarwal Kejriwal & Co. expressed an unmodified opinion on these results.