Diana Tea Company Ltd announced its Board’s approval for a preferential issue of 4,074,075 equity convertible warrants at ₹27 each. This aims to raise approximately ₹11.00 crore (₹110,00,00,025) from promoters, subject to shareholder approval. The company also reported its unaudited financial results for the quarter ended June 30, 2026, showing a net profit of ₹551.74 lakh.
Diana Tea Company Approves Preferential Issue and Reports Q1 FY27 Results
The Board of Directors of Diana Tea Company Ltd convened on August 12, 2026, to consider and approve several key business matters. Among the significant decisions was the approval of a preferential issue involving 4,074,075 equity convertible warrants. Each warrant is proposed to be issued at a price of ₹27, carrying the entitlement to subscribe for one fully paid-up equity share of the company at a face value of ₹5 with a premium of ₹22. This issuance is expected to raise approximately ₹11,00,00,025 (Rupees Eleven Crores and Twenty-Five Only) from the promoters.
This preferential issue is subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM) and other necessary statutory and regulatory approvals. The company also disclosed the detailed list of proposed investors, primarily comprising promoters such as Sandeep Singhania, Sarita Singhania, Devang Singhania, Vani Singhania, and Diana Capital Limited.
Financial Performance: Q1 FY27
In addition to the fundraising announcement, Diana Tea Company Ltd also presented its unaudited standalone financial results for the quarter ended June 30, 2026. The company reported a net profit of ₹551.74 lakh for the period, a significant increase from the previous periods. This contrasts with a net loss of (₹966.37 lakh) in the preceding quarter (audited) and a net profit of ₹165.96 lakh in the corresponding quarter of the previous year (unaudited).
Total income for the quarter stood at ₹2,714.02 lakh, with revenue from operations contributing ₹2,617.58 lakh. Total expenses were ₹2,161.96 lakh. The comprehensive income for the quarter was ₹627.00 lakh.
Other Key Board Decisions
The Board also approved the adoption of the company’s Unaudited Standalone Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report issued by the Statutory Auditors. Furthermore, approvals were granted for the enhancement of borrowing limits up to ₹100 crore and for loans, guarantees, and investments up to ₹100 crore, both subject to shareholder approval. The re-appointment of Mrs. Sarita Singhania as Whole Time Director for a further term of five years, effective November 11, 2026, was also approved.
The company announced that its 115th Annual General Meeting (AGM) will be held on Friday, September 11, 2026, at 3:00 PM via Video Conferencing or other audio-visual means. The Register of Members and Share Transfer Books will remain closed from September 5, 2026, to September 11, 2026, inclusive, for the purpose of the AGM. The cut-off date for reckoning voting rights is September 4, 2026.
The Board’s Report for the financial year ended March 31, 2026, was approved, as was the Notice for the 115th AGM.
Source: BSE
