Kanco Tea & Industries Ltd — Others, 30-05-2025: AGM/EGM

Kanco Tea & Industries Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company reported a consolidated net loss of ₹7.87 Cr and standalone net loss of ₹8.31 Cr for the year, reflecting ongoing industry challenges. The Board has not proposed any dividend for FY25. Key appointments include Mr. Subhra Kanta Parhi as Internal Auditor and M/s LABH & LABH Associates as Secretarial Auditor for FY26-30, subject to shareholder approval, and re-appointment of M/s A. C. Dutta & Co as Cost Auditors. The company also approved the re-appointment of Mr. Umang Kanoria as Managing Director from August 1, 2025, pending shareholder consent. Related party transactions primarily involve unsecured loans and rent payments with entities linked to key management personnel. No defaults on loans or deviations in use of issue proceeds were reported.