The Grob Tea Company Limited — Others, 22-05-2025: Change in Management

The Grob Tea Company has announced a board meeting on which it approved the financial results for the quarter and half-year and declared a dividend of Rs. 3 per share for the year. The company posted a net loss of ₹1,397.06 lakh, mainly due to losses in its LED light business with investments of ₹356.15 lakh and no sales over the past five years. The core tea segment also reported a loss during the period. Senior management changes include the re-appointment of Mr. Mukesh Kumar Agarwal as Whole-time Director and Mr. Niraj Kumar Harodia as Independent Director, pending shareholder approval. New auditors were appointed for secretarial, internal, and cost audits for FY 2025-26. The Annual General Meeting will be held via video conference, with the record date fixed for the dividend entitlement.