The Grob Tea Company Approves Q1 Unaudited Results; Announces Committee Reconstitution and Director Resignation

The Grob Tea Company Approves Q1 Unaudited Results; Announces Committee Reconstitution and Director Resignation​

The Grob Tea Company Limited announced several key outcomes following its Board meeting held on August 12, 2026. Key decisions included the approval of un-audited financial results for the quarter ended June 30, 2026, the endorsement of the Cost Audit Report, and the announcement of changes in the composition of various Board committees. The company also noted the resignation of Mr. Niraj Kumar Harodia from his position as an Independent Director.

Financial Approvals and Operational Decisions​

The Board approved the Un-Audited Financial Results for the quarter ending June 30, 2026, along with a Limited Review Report conducted by B Nath & Co., Chartered Accountants. Additionally, the Board considered and approved the Cost Audit Report for the financial year 2025-2026, prepared by M/s Dipak Lal & Associates.

Furthermore, the company proposed and approved Inter Corporate Deposits and Other Loans intended for the Financial Year 2026-2027, which had been recommended by the Audit Committee and sanctioned by the Finance Committee.

Leadership Changes​

The Board took note of and accepted the resignation of Mr. Niraj Kumar Harodia (DIN: 06676837), an Independent Director of The Grob Tea Company Limited. His resignation was effective from the close of business hours on August 12, 2026, following a letter received on August 10, 2026. Mr. Harodia stated that his resignation was due to personal reasons and other commitments.

Committee Reconstitution​

In light of changes in the Board composition, the Board of Directors approved the reconstitution of several key committees, effective from August 13, 2026. The reconstituted committees are as follows:

Quarterly Financial Snapshot​

The company released the Un-Audited Statement of Financial Results for the Quarter Ended June 30, 2026, which were reviewed and approved by the Board. The financial performance is presented below along with comparative figures:


The company's management noted that the financial results were prepared in accordance with Ind AS notified under Companies (Indian Accounting Standard) Rules, 2015. The leadership also confirmed that the company had acquired a Wholly Owned Subsidiary via a Share Purchase Agreement dated July 1, 2026, from the existing shareholders of Bazaloni Group Limited, which was completed on July 28, 2026, for an investment of 72.16 Cr.

GROBTEA Stock Price Movement​

The Grob Tea Company Limited shares edged higher on Wednesday, gaining 2.23% as the stock settled at ₹919.60. The equity saw vigorous buying activity across 1,109 shares traded and within a trading range spanning from ₹895 to ₹991 during the session.