The Peria Karamalai Tea & Produce Company Limited — Others, 05-07-2025: Shareholders meeting

The Peria Karamalai Tea & Produce Co Ltd has announced the approval of material related party transactions with Maharaja Shree Umaid Mills Limited, a related party. Shareholders approved an ordinary resolution authorizing the company to enter into transactions, including a merger involving share swaps valued at Rs. 468.59 Cr, based on a fair valuation report. These transactions may exceed 10% of the company’s last audited consolidated turnover but will be conducted at arm's length. The Board is empowered to finalize agreements and necessary filings to implement the resolution in the company’s best interest.