Diana Tea Company News

Diana Tea Company Re-appoints Kiran Nanoo Desai as Independent Director for Second Term

Diana Tea Company Limited has re-appointed Mr. Kiran Nanoo Desai as Non-Executive Independent Director for a second consecutive term of 5 years from December 1, 2025 to November 30, 2030. The re-appointment was approved by the Board of Directors and shareholders at the Annual General Meeting held on August 25, 2025, following his first term completion on November 30, 2025.

Diana Tea Company Reports Financial Results for Quarter and Half Year Ended September 30, 2025

Diana Tea Company Limited's Board approved unaudited financial results for the quarter and six months ended September 30, 2025, with revenue from operations reaching ₹2,935.95 lakh for the quarter and ₹4,937.97 lakh for the half year. The tea company's seasonal business nature means quarterly results vary significantly and are not representative of annual performance, with production involving integrated processes from cultivation to manufacturing.

Diana Tea Company Receives Rs 5.18 Lakh Income Tax Penalty, Files Appeal

Diana Tea Company Limited received a penalty order of Rs 5,18,960 from the Income Tax Department under Section 270A of the Income Tax Act, 1961 for Assessment Year 2023-24. The company received the order on September 19, 2025, and filed an appeal on October 21, 2025 against the National Faceless Assessment Centre. The company states there is no material impact on its financials, operations, or other activities relating to this order for the current financial year. The appeal is currently under process and no settlement has been reached. The company cited a delay in disclosure as the email notification was received in spam folder and no hard copy was received.

Diana Tea Company Reports Loss of ₹458.44 Lakhs for FY2025, Plans 114th AGM on August 25

Diana Tea Company Limited has reported a net loss of ₹458.44 lakhs for the financial year ended March 31, 2025, compared to a profit of ₹23.96 lakhs in the previous year. Revenue from operations declined to ₹7,082.45 lakhs from ₹7,305.15 lakhs. The company produced 27.99 lakh kgs of tea against 31.13 lakh kgs last year due to major pest attacks and fungal activity affecting north India tea production. The Board has not recommended any dividend for FY2025 due to losses. The company will hold its 114th Annual General Meeting on August 25, 2025, through video conferencing to transact ordinary business including adoption of audited financial statements and appointment of directors.