ASIAN TEA & EXPORTS LTD.-$

Asian Tea & Exports Ltd announced significant management changes during a Board of Directors meeting held on August 28, 2026. Mr. Hariram Garg will step down as Managing Director due to health reasons, continuing as Chairman & Non-Executive Director. Mr. Sunil Garg will take over as Managing Director for a five-year term. Additionally, Mr. Rajesh Garg resigned as Chief Financial Officer, and Mr. Raunak Garg has been appointed as the new CFO. These changes are effective from September 7th and 28th, 2026, respectively, and are subject to member approval.

Asian Tea & Exports Ltd announced that Mr. Rajesh Garg will be resigning as the Chief Financial Officer (CFO) effective September 7, 2026. The company also announced the appointment of Mr. Raunak Garg as the new CFO, also effective September 7, 2026. The board meeting where these decisions were made also approved the voluntary stepping down of Mr. Hariram Garg from Managing Director due to health reasons, his continuation as Chairman & Non-Executive Director, and the appointment of Mr. Sunil Garg as the new Managing Director. Mr. Akhil Kumar Manglik's re-appointment as Non-Executive Independent Director was also approved.

Asian Tea & Exports Ltd announced a series of management changes following a Board of Directors meeting on August 28, 2026. Mr. Rajesh Garg will resign as Chief Financial Officer effective September 7, 2026. Concurrently, Mr. Raunak Garg has been appointed as the new CFO, also effective September 7, 2026. Additionally, Mr. Hariram Garg is stepping down as Managing Director due to health reasons, effective September 28, 2026, but will continue as Chairman & Non-Executive Director. Mr. Sunil Garg has been appointed as the new Managing Director for a five-year term starting September 28, 2026. Mr. Akhil Kumar Manglik's re-appointment as Non-Executive Independent Director for another five years was also approved.

The Board of Directors of Asian Tea & Exports Ltd met on August 28, 2026, approving several key management changes. Mr. Hariram Garg will voluntarily step down as Managing Director due to health reasons, continuing as Chairman & Non-Executive Director. Mr. Sunil Garg is appointed as the new Managing Director for a five-year term. Additionally, Mr. Akhil Kumar Manglik's re-appointment as Non-Executive Independent Director for five years was approved. Mr. Rajesh Garg resigned as Chief Financial Officer, and Mr. Raunak Garg has been appointed as the new CFO, both changes effective September 7, 2026.

Asian Tea & Exports Ltd announced the approval of its standalone and consolidated unaudited financial results for the quarter and year ended June 30, 2026. The Board of Directors considered and approved these results, along with the limited review reports, during their meeting held on August 13, 2026. The financial results will be published on the stock exchange and company websites, and in newspapers as per SEBI regulations. The independent auditor's report noted that while no provision was made for debtors outstanding over 3 years, management believes they are recoverable.

Asian Tea & Exports Ltd announced that its Board of Directors, in a meeting held on August 13, 2026, considered and approved the Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The company also approved the Limited Review Reports on these results. The financial results will be made available on the stock exchanges' websites, the company's website, and published in newspapers in due course. The independent auditor's report highlighted an issue regarding debtors outstanding for over 3 years without provision, though the management believes they will be recovered.

Asian Tea & Exports Ltd has announced that its Board of Directors will convene on August 13, 2026, to consider and approve the Un-Audited Financial Results (Standalone & Consolidated) for the first quarter ended June 30, 2026, along with the Limited Review Report. The meeting is scheduled for 3:00 PM at the company's registered office. Concurrently, the trading window for company securities, which has been closed since July 1, 2026, will reopen 48 hours after the announcement of these financial results, as per SEBI (Prohibition of Insider Trading) Regulations, 2015. Insiders are reminded of the trading restrictions during this period.

Asian Tea & Exports Ltd has received a report on the closure of an investigation process initiated by the Deputy Commissioner of State Tax, Bureau of Investigation (South Bengal). The inspection, conducted under the West Bengal Goods and Service Tax Act, 2017, focused on the company's failure to provide details of exempt supplies for FY 2022-23 to FY 2025-26. The company's representatives appeared for hearings and submitted documentation. The issue of exempt supplies, particularly concerning tea and pulses, has been reconciled, with the company clarifying that tea was taxed at 5% and pulses were exempt. The tax authority confirmed no tax liability on this matter, leading to the closure of the investigation. The company states there is no material impact on its financial or operational activities.

Asian Tea & Exports Ltd has appointed M/s Yash & Associates, Chartered Accountants, as the Internal Auditor for the Financial Year 2026-27, succeeding M/s Arya Agarwal & Associates. The appointment was based on the recommendation of the Audit Committee. The board also approved the audited financial results for the quarter and year ended March 31, 2026, and adopted a policy on the Prevention of Sexual Harassment (POSH) at the workplace.

Asian Tea & Exports Ltd. approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in a board meeting held on May 30, 2026. The board also approved the appointment of M/s Yash & Associates as the Internal Auditor for FY 2026-27 and adopted a policy on the Prevention of Sexual Harassment (POSH) at the workplace.