Goodricke Group Seeks Shareholder Approval for Tea Estate Divestment and Key Appointments

Goodricke Group Limited has initiated a postal ballot seeking shareholder approval to sell tea estates worth up to 30% of net book value, alongside reappointment of Director Finance CFO Soumen Mukherjee and appointment of Oliver Capon as Non-Executive Director. The company aims to divest loss-making estates to reduce borrowing costs and strengthen its branded tea business, with remote e-voting scheduled from December 4, 2025 to January 3, 2026.

Goodricke Group Reports Q1 Net Profit of 27M Rupees After Previous Year Loss

Goodricke Group posted a net profit of 27 million rupees in Q1, compared to a loss of 1.2 million rupees in the same period last year. However, the company's Q1 revenue declined to 1.71 billion rupees from 1.97 billion rupees year-over-year.

Goodricke Group to Sell Leesh River Tea Estate

Goodricke Group has signed an agreement to sell its Leesh River Tea Estate. No further details about the sale, such as the buyer or the financial terms, were provided in the given news snippet.

Goodricke Group Signs MOU for Potential Sale of Leesh River Tea Estate

Goodricke Group has executed a non-binding Memorandum of Understanding (MOU) with Sombaria Agri Products. The MOU initiates due diligence for the potential sale of Goodricke's Leesh River Tea Estate. The proposed sale consideration is set at 265 million rupees.