Terai Tea Company Limited has successfully divested its 47.73% stake in associate company Terai Dooars Tea Co. Pvt Ltd to Mr. Uday Narayan Sharma for ₹81.43 lakhs on March 30, 2026. The transaction involved 2,62,500 equity shares and resulted in Terai Dooars Tea ceasing to be an associate company. The divested entity contributed ₹417.95 lakhs (4.06%) to turnover and ₹198.97 lakhs (1.93%) to net worth in the last financial year. The buyer is unrelated to the promoter group, ensuring the transaction maintains arm's length dealing principles.

Terai Tea Company Divests 47.73% Stake in Associate Terai Dooars Tea for ₹81.43 Lakhs

Terai Tea Company Limited has completed the divestment of its 47.73% shareholding in associate company Terai Dooars Tea Co. Pvt Ltd, marking a significant corporate restructuring move. The transaction was executed on March 30, 2026, with Mr. Uday Narayan Sharma as the acquirer.

Transaction Details

The divestment involved the transfer of 2,62,500 equity shares at a total consideration of ₹81.43 lakhs. The company disclosed this information to the Bombay Stock Exchange and The Calcutta Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Parameter: Details Shares Sold: 2,62,500 equity shares Stake Percentage: 47.73% Total Consideration: ₹81.43 lakhs Completion Date: March 30, 2026 Buyer: Mr. Uday Narayan Sharma

Financial Contribution of Associate Company

Terai Dooars Tea Co. Pvt Ltd made notable contributions to the parent company's financial performance during the last financial year. The associate company's turnover contribution stood at ₹417.95 lakhs, representing 4.06% of the total turnover. Additionally, it contributed ₹198.97 lakhs to net worth, accounting for 1.93% of the total net assets.

Financial Metric: Amount Percentage Contribution Turnover Contribution: ₹417.95 lakhs 4.06% Net Worth Contribution: ₹198.97 lakhs 1.93%

Buyer Profile and Transaction Nature

Mr. Uday Narayan Sharma, the buyer, is not affiliated with the promoter, promoter group, or group companies of Terai Tea Company Limited. The transaction has been classified as non-related party transaction, ensuring arm's length dealing principles are maintained. The divestment does not fall under any scheme of arrangement and follows regular business practices for share transfers.

Regulatory Compliance

The company acknowledged that the transaction disclosure was made after the prescribed timeline under SEBI regulations. Terai Tea Company Limited informed the stock exchanges that the intimation was inadvertently delayed beyond the required timeframe specified in the Master Circular for SEBI Listing Obligations and Disclosure Requirements.

Impact on Corporate Structure

Following the completion of this divestment, Terai Dooars Tea Co. Pvt Ltd ceased to be an associate company of Terai Tea Company Limited with effect from March 30, 2026. This strategic move represents a significant change in the company's investment portfolio and associate company relationships, potentially allowing Terai Tea Company to focus resources on core business operations.

Terai Tea Company Limited has published its unaudited financial results for the third quarter and nine months ended December 31, 2025, in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 13, 2026.

Financial Performance Overview

The company reported mixed performance across its standalone and consolidated operations during Q3FY26. The financial results demonstrate the company's operational activities across different business segments.

Standalone Financial Results

Parameter Q3FY26 (₹ lakhs) Q2FY26 (₹ lakhs) Q3FY25 (₹ lakhs) 9M FY26 (₹ lakhs) Revenue from Operations 1,119.04 1,531.51 3,509.63 5,557.33 Other Income 193.49 19.17 12.86 569.44 Total Income 1,312.53 1,550.68 3,522.49 6,126.77 Net Profit Before Tax 195.16 -342.83 12.77 254.94 Net Profit After Tax 195.16 -342.83 12.77 254.94

Consolidated Financial Results

Key Financial Metrics

The company's earnings per share (EPS) for continuing and discontinued operations stood at ₹2.84 for Q3FY26 on a standalone basis, compared to ₹-4.98 in the previous quarter and ₹0.19 in Q3FY25. For the nine-month period, the EPS reached ₹3.71.

Share Capital and Reserves

Component Amount (₹ lakhs) Equity Share Capital 690.29 Reserves (excluding Revaluation Reserve) 690.29

Associates Performance

The consolidated results include share of profit/loss in associates, showing ₹31.20 lakhs profit share for Q3FY26, compared to ₹51.25 lakhs in the previous quarter and ₹30.24 lakhs in Q3FY25. For the nine-month period, the share of profit in associates totaled ₹184.79 lakhs.

Regulatory Compliance

The financial results have been filed with stock exchanges under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The complete financial results are available on the company's website at www.teragroup.com and on stock exchange websites. The results were signed by Managing Director Ajit Kumar Agarwala (DIN: 00265775).

Publication Details

The company published these results in newspapers on February 15, 2026, in English newspaper The Echo of India and regional Bengali newspaper Arthik Lipi, as communicated to Bombay Stock Exchange Limited and Calcutta Stock Exchange Association Limited through their letter dated February 16, 2026.

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