Warren Tea Limited Shareholders Meet to Approve Amalgamation with Maple Hotels & Resorts
On June 18, 2026, a meeting of Equity Shareholders of Warren Tea Limited was held to seek approval for the Scheme of Amalgamation of the company with and into Maple Hotels & Resorts Limited. The scheme pertains to the amalgamation of Warren Tea Limited, its shareholders, and creditors into Maple Hotels & Resorts Limited.The meeting commenced at 11:30 A.M. and was chaired by Mr. Mohan Ram Goenka, Chairperson appointed by the National Company Law Tribunal (NCLT). Mr. Goenka informed members that the company had conducted the proceedings to seek shareholder approval for the amalgamation scheme under the relevant sections of the Companies Act, 2013.
Key personnel present at the meeting included representatives from both the board and advisory roles mandated by the NCLT.
| Role | Name |
|---|---|
| Chairperson (NCLT Appointed) | Mr. Mohan Ram Goenka |
| Scrutinizer (NCLT Appointed) | Ms. Shreya Choudhary |
| Company Secretary and Compliance Officer | Ms. Soma Chakraborty |
| Managing Director | Mr. Vivek Goenka |
| Executive Director | Mr. Vinay Kumar Goenka |
| Executive Director & CFO | Mr. Indraneel Banik |
| Non-Executive Independent Director | Ms. Atrayee Ghosal |
| Non-Executive Independent Director | Mr. Dharam Chand Dharewa |
| Non-Executive Independent Director | Mr. Umang More |
The Chairperson apprised the members regarding the salient features of the Scheme and confirmed that all requirements for convening the meeting had been met by the company, including serving a Meeting Notice on May 16, 2026, to equity shareholders via email and Speed Post. The company also published a newspaper advertisement in Business Standard, Kolkata (English edition) and Aajkaal, Kolkata (Bengali Edition) on May 19, 2026.
Shareholders were informed that the facility for remote e-voting was offered through CDSL from June 15, 2026, until June 17, 2026. Post-meeting, an e-voting facility remains available for shareholders who did not participate in the prior voting period.
The Chairperson further announced that based on the Scrutinizer's Report, the results of the meeting will be declared within two working days from its conclusion. A report on the outcome of the meeting to the NCLT, Kolkata Bench, will be submitted within four weeks from the date of the meeting. The shareholders' vote was taken on June 18, 2026, concluding at 11:43 A.M.
Stock Price Movement
At the close of trade today, Warren Tea Ltd. settled at ₹45.35, achieving a positive gain of 1.30%. The shares moved throughout the day within an intraday range that spanned from a low of ₹44.65 to a high of ₹46.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.