Diana Tea Company Ltd Approves Fund Raising, Updates Limits, Announces Q2 Financial Results

Diana Tea Company Ltd Approves Fund Raising, Updates Limits, Announces Q2 Financial Results​

Diana Tea Company Ltd announced several significant resolutions following a Board meeting held on August 12, 2026. The Board reviewed and approved the company's Unaudited Standalone Financial Results for the Quarter ended June 30, 2026, along with multiple corporate authorizations concerning limits enhancement and fundraising initiatives.

Q2 Financial Performance Highlights​

The Unaudited Standalone Financial Results for the quarter ended June 30, 2026 (presented in Lakh) indicate the following key financial figures:

Corporate Approvals and Limit Enhancements​

The Board meetings approved several crucial corporate matters, some of which are subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Key approvals included:

• Limits Enhancement: The Board approved the proposal for enhancing Limits under Section 180(1)(a) of the Companies Act, 2013.
• Financial Thresholds: Approval was given for threshold limits concerning Loans/Guarantees and making of Investments under Section 186 of the Companies Act, 2013, up to an aggregate amount not exceeding 2100 crore.
• Document Adoption: Proposals were approved for the adoption of a new set of Memorandum of Association (MOA) and Articles of Association (AOA), both compliant with the provisions of the Companies Act, 2013.

New Fundraising Initiative Approved​

The Board also sanctioned the proposal for raising funds through the issuance of Equity convertible warrants. The company approved the issuance of up to 4,074,075 Equity convertible warrants (ECWs) by way of a preferential issue. These warrants carry an entitlement to subscribe for equivalent fully paid-up Equity Shares at a price of Rs. 27 each, including a premium of Rs. 22. The funds raised through this issuance are expected to aggregate up to Rs. 11,00,00,025/-.

Director Reappointment and AGM Details​

The meeting resulted in the approval of the re-appointment of Mrs. Sarita Singhania (DIN No. 00343786) as a Whole Time Director for a further term of five years, effective from November 11, 2026 to November 10, 2031.

The company scheduled the 115th Annual General Meeting (AGM) on Friday, September 11, 2026, which will be conducted via Video Conferencing or other audio visual means. The cut off date for reckoning the voting rights of members for the AGM is set as Friday, September 4, 2026.

The Board also approved the company’s Board’s Report for the financial year ended March 31, 2026.

Stock Price Movement​

At 13:24, Diana Tea Company Ltd's shares are edging higher, currently priced at ₹28.56, reflecting a strong +6.85% gain. Throughout the trading session, the shares have moved within an intraday range established between a low of ₹28.30 and a peak of ₹31.49.