Diana Tea Board Approves Financials, Fundraise, and AGM Details
Diana Tea Company Ltd's Board of Directors, in a meeting on August 12, 2026, approved the unaudited standalone financial results for the quarter ended June 30, 2026. The board also greenlit proposals for enhancing borrowing limits up to ₹100 crore under Section 180(1)(a) and for loans/guarantees/investments up to ₹100 crore under Section 186, both subject to shareholder approval. Additionally, the adoption of new Memorandum and Articles of Association conforming to the Companies Act, 2013, was approved. A significant decision was the approval of raising funds up to ₹11 crore via preferential issue of convertible warrants. The re-appointment of Mrs. Sarita Singhania as Whole Time Director and the schedule for the 115th AGM on September 11, 2026, were also approved.
Key Highlights
- Board approved unaudited Q1 FY27 financial results.
- Proposals for borrowing limits and investments up to ₹100 crore approved.
- New MOA and AOA adopted, pending shareholder approval.
- Fundraising of up to ₹11 crore via convertible warrants approved.
- 115th AGM scheduled for September 11, 2026.
Price Impact
More from DIANATEA