StockWatch
·
Tea & Coffee
Board Meeting13 Aug 2026, 01:22 pm

Diana Tea Board Approves Financial Results, Fund Raising, and AGM Details

AI Summary

Diana Tea Company Ltd announced that its Board of Directors has approved the Unaudited Standalone Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report. The board also approved proposals for enhancing borrowing limits up to ₹100 crore under Section 180(1)(a) and Section 186 of the Companies Act, 2013, subject to shareholder approval. Additionally, the company plans to raise up to ₹11.00 crore by issuing convertible warrants via preferential issue. The adoption of new MOA and AOA, approval of the Board's Report for FY26, re-appointment of a Whole Time Director, and the schedule for the 115th AGM on September 11, 2026, were also confirmed. The Register of Members will be closed from September 5-11, 2026.

Key Highlights

  • Unaudited standalone financial results for Q1 FY27 approved.
  • Borrowing limits enhanced to ₹100 crore, subject to shareholder nod.
  • Plan to raise ₹11 crore via preferential issue of warrants.
  • 115th AGM scheduled for September 11, 2026.
  • Re-appointment of Mrs. Sarita Singhania as Whole Time Director approved.