Terai Tea Company Ltd Approves Disinvestment of Stake in Terai Dooars Tea Co. Pvt Ltd
Terai Tea Company Ltd has approved the disinvestment of its shareholding in Terai Dooars Tea Co. Pvt Ltd. The company will transfer its 47.73% share holdings to Mr. Uday Narayan Sharma, with the shares to be transferred in due course. Following this transaction, Terai Dooars Tea Co. Pvt Ltd ceased to be an Associate of Terai Tea Company Limited effective March 30, 2026.The details surrounding the sale transaction, which took place on March 30, 2026, included the sale of 2,62,500 equity shares for a total consideration of INR 81,43,931.
The transaction details, provided in Annexure-A, outline several aspects of the disposal:
| Particulars | Details |
|---|---|
| Turnover Contribution (Last Financial Year) | Amount: INR 417.95 Lakhs; Percentage Contribution: 4.06% |
| Net Worth Contribution (Last Financial Year) | Amount: INR 198.97 lakhs; Percentage Contribution: 1.93% |
| Expected Completion of Sale/Disposal | March 30, 2026 (Share transfer may take normal time as per regular business practices) |
| Buyer Details | Mr. Uday Narayan Sharma; the buyer is not related to Promoter/promoter group/group companies |
| Related Party Transaction | No |
The company confirmed that the sale did not fall within a Scheme of Arrangement and was not an amalgamation/merger.
Terai Tea Company Ltd’s registered office is located at EAST INDIA HOUSE, 2ND FLOOR, 208, BRITISH INDIAN STREET (Also Known as 208, Abdul Hamid Street), KOLKATA-700069, WEST BENGAL, INDIA.
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