Goodricke Group News

Goodricke Group signs MoU to sell Chalouni Tea Estate

Goodricke Group Limited executed a non-binding MoU on April 6, 2026, for the sale of Chalouni Tea Estate for Rs. 19.00 crore. The estate contributed Rs. 17.39 crore revenue in FY25.

Goodricke Group cancels Barnesbeg Tea Estate sale MoU

Goodricke Group Limited announces cancellation of non-binding MoU with Mr. Akshay Shankar Das for sale of Barnesbeg Tea Estate due to alignment issues during due diligence process.

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.