Goodricke Group Ltd — Important, 20-02-2026: Company Update

The company has signed a non-binding Memorandum of Understanding (MoU) for the proposed sale of its Barnesbeg Tea Estate. This MoU initiates due diligence, with a definitive sale agreement contingent on satisfactory review. The estate contributed Rs. 2.29 Crore to last year's turnover, representing 0.25% of total turnover, and 0.65% of net worth. The potential consideration is Rs. 4.50 Crore. The Board has approved this MoU, which is not a related party transaction. This move aims to streamline operations by divesting a smaller asset.