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PKTEA Seeks Approval for ₹8.91 Crore Related Party Transaction with LNB Renewable Energy
The Peria Karamalai Tea & Produce Company Limited has initiated a postal ballot to seek shareholder approval for material related party transactions. The company intends to enter into or continue contracts with LNB Renewable Energy Limited for an aggregate amount of approximately ₹8.91 crores. The voting period is scheduled from February 21, 2026, to March 22, 2026, with results to be announced shortly thereafter. These transactions are stated to be conducted on an arm's length basis and in the ordinary course of business.
Key Highlights
Proposed material related party transaction with LNB Renewable Energy Limited totaling ₹8.91 crores.
Approval sought via Ordinary Resolution through a Postal Ballot and e-voting process.
E-voting period runs from February 21, 2026 (9:00 AM) to March 22, 2026 (5:00 PM).
The cut-off date for shareholder voting eligibility was February 13, 2026.
Transactions are intended to be at arm's length and within the ordinary course of business.
💼 Action for Investors
Shareholders should review the explanatory statement in the postal ballot notice to assess the fairness of the ₹8.91 crore transaction. Monitor the voting outcome to ensure corporate governance standards are maintained regarding transactions with group companies.
PKTEA Reports Q3 Turnaround with ₹41 Lakh Profit; Appoints Anup Kumar Gupta as CFO
The Peria Karamalai Tea & Produce Company reported a net profit of ₹41.01 Lakhs for Q3 FY26, a significant turnaround from a loss of ₹62.85 Lakhs in the same quarter last year. Revenue from operations grew by 41% YoY to ₹1,757.28 Lakhs, driven by growth across segments. The company also announced the appointment of Mr. Anup Kumar Gupta as CFO, bringing over 10 years of financial management experience. While the investment segment remains highly profitable, the core tea business continues to report segment losses.
Key Highlights
Revenue from operations rose 41.2% YoY to ₹1,757.28 Lakhs in Q3 FY26.
Net Profit turned positive at ₹41.01 Lakhs compared to a loss of ₹62.85 Lakhs in Q3 FY25.
Investment segment profit stood at ₹516.96 Lakhs, while the Tea segment recorded a loss of ₹201.26 Lakhs.
Other income includes a one-time gain of ₹137.92 Lakhs from the sale of windmill land in Tamil Nadu.
Mr. Anup Kumar Gupta, a Chartered Accountant, appointed as CFO effective February 3, 2026.
💼 Action for Investors
Investors should monitor the core tea segment's path to profitability as current earnings are heavily supported by the investment portfolio and land sales. The turnaround is positive, but long-term value depends on operational improvements in the plantation business.
PKTEA Q3 Results: Revenue Up 41% to ₹17.57 Cr, Returns to Profitability; New CFO Appointed
The Peria Karamalai Tea & Produce Company Limited (PKTEA) reported a turnaround in Q3 FY26, posting a net profit of ₹41.01 Lakhs compared to a loss of ₹62.85 Lakhs in the previous year's corresponding quarter. Revenue from operations grew by 41.2% YoY to ₹1,757.28 Lakhs. While the core tea segment reported a loss of ₹201.26 Lakhs, overall profitability was supported by strong performance in the investment segment and a one-time profit of ₹137.92 Lakhs from land sales. Additionally, the company strengthened its leadership by appointing Mr. Anup Kumar Gupta as the Chief Financial Officer.
Key Highlights
Revenue from operations increased to ₹1,757.28 Lakhs in Q3 FY26 from ₹1,244.42 Lakhs in Q3 FY25.
Net Profit after tax stood at ₹41.01 Lakhs, recovering from a net loss of ₹62.85 Lakhs YoY.
Other income includes a significant profit of ₹137.92 Lakhs from the sale of Windmill land at Aralvaimozhi.
The Investment segment was the primary profit driver with a segment result of ₹516.96 Lakhs.
Mr. Anup Kumar Gupta, a CA with 10+ years of experience, appointed as CFO effective February 3, 2026.
💼 Action for Investors
Investors should note the turnaround to profitability, though it was heavily supported by non-core income and land sales. Monitor the core tea segment for operational recovery and the impact of the new CFO on financial management.
PKTEA Q3 Results: Turnaround to ₹41 Lakh Profit; Appoints Anup Kumar Gupta as CFO
The Peria Karamalai Tea & Produce Company (PKTEA) reported a significant turnaround in Q3 FY26, posting a net profit of ₹41.01 Lakhs compared to a net loss of ₹362.85 Lakhs in the same period last year. Revenue from operations grew by 41.2% YoY to ₹1,757.28 Lakhs, supported by a strong recovery in the investment segment. The company also announced the appointment of Mr. Anup Kumar Gupta as the new CFO, effective February 3, 2026. However, investors should note that the bottom line was aided by a one-time gain of ₹137.92 Lakhs from the sale of windmill land.
Key Highlights
Revenue from operations rose 41.2% YoY to ₹1,757.28 Lakhs in Q3 FY26.
Reported a Net Profit of ₹41.01 Lakhs vs a Net Loss of ₹362.85 Lakhs in Q3 FY25.
Other income included a one-time profit of ₹137.92 Lakhs from the sale of windmill land in Tamil Nadu.
Investment segment revenue turned positive at ₹521.14 Lakhs compared to a loss of ₹184.37 Lakhs YoY.
Appointed Mr. Anup Kumar Gupta, a CA with 10+ years of experience, as Chief Financial Officer.
💼 Action for Investors
The shift from loss to profit is encouraging, but the reliance on one-time land sale gains for the bottom line warrants caution. Investors should monitor if the core tea business and investment segment can maintain this momentum without exceptional items.