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Asian Tea & Exports Ltd (519532)

📊 BSE: 519532 🏢 Trading & Distributors 📢 Latest filing: 29 Sep 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Asian Tea's revenue was ₹10.7 Cr (-22.0% year on year, -57.3% on the previous quarter), and net profit ₹0.0 Cr (-84.2% year on year); the operating margin was 0.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹10.7	-22.0%	-57.3%
Operating profit	₹0.1	-54.6%	+24.9%
Net profit	₹0.0	-84.2%	from loss
EPS (₹)	0.02	-81.8%	from loss
Operating margin	0.9%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Asian Tea & Exports: Sunil Garg Appointed MD as Founder Hariram Garg Steps Down

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 29 Sep 2026, 05:09 PM

Asian Tea & Exports Limited announced leadership changes approved at its 40th AGM on September 28, 2026. Founder Hariram Garg has stepped down as Managing Director due to health reasons, continuing as Chairman and Non-Executive Director. Sunil Garg has been appointed as Managing Director for a 5-year tenure effective September 28, 2026, through September 27, 2031. Additionally, Mrs. Rama Garg was re-appointed as Director liable to retire by rotation, and Akhil Kumar Manglik was re-appointed as Independent Director for 5 years.

Sunil Garg appointed as Managing Director for a 5-year term from September 28, 2026, to September 27, 2031
Hariram Garg stepped down as Managing Director effective September 28, 2026, continuing as Chairman & Non-Executive Director
Akhil Kumar Manglik re-appointed as Non-Executive Independent Director for 5 years from September 6, 2026, till September 5, 2031
Company reported FY26 net profit of ₹0.57 Cr on revenue of ₹68.52 Cr with a market cap of ₹22 Cr

💡 Track whether the succession in leadership brings any strategic shift or improvement to the company's thin operating margins (0.6% TTM OPM) and quarterly execution.

Asian Tea & Exports Shareholders Approve MD Succession and AGM Resolutions with Over 99.99% Favor

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 29 Sep 2026, 04:32 PM

Asian Tea & Exports Limited announced the voting results of its 40th Annual General Meeting held on September 28, 2026. Shareholders approved all agenda items with over 99.99% votes in favor, representing 1,81,30,079 total votes polled (72.69% of outstanding shares). Key resolutions included the voluntary stepping down of Hariram Garg as Managing Director to continue as Chairman and Non-Executive Director, alongside the appointment of Sunil Garg as the new Managing Director.

Total votes polled stood at 1,81,30,079, representing 72.6895% of the 2,49,41,800 outstanding shares
All resolutions passed with 99.9997% votes in favor and only 49 to 52 votes against
Approved transition of Hariram Garg from Managing Director to Chairman & Non-Executive Director
Appointed Sunil Garg as the new Managing Director via an ordinary resolution
Re-appointed Akhil Kumar Manglik as Non-Executive Independent Director via special resolution

💡 Track subsequent strategic disclosures or operational shifts under the leadership of new Managing Director Sunil Garg, particularly in the upcoming quarterly earnings.

Asian Tea & Exports Announces Leadership Succession: Sunil Garg as MD & Raunak Garg as CFO

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 28 Aug 2026, 02:58 PM

Asian Tea & Exports has announced a key management transition approved by its Board on August 28, 2026. Managing Director Hariram Garg is stepping down effective September 28, 2026 due to health reasons and transitioning to Chairman and Non-Executive Director. Sunil Garg has been appointed as Managing Director for a 5-year term from September 28, 2026 to September 27, 2031, while Raunak Garg takes over as Chief Financial Officer from September 7, 2026 following the resignation of Rajesh Garg.

Hariram Garg steps down as Managing Director effective September 28, 2026, transitioning to Chairman & Non-Executive Director
Sunil Garg appointed as Managing Director for a 5-year term from September 28, 2026 to September 27, 2031
Rajesh Garg resigns as CFO effective September 7, 2026; Raunak Garg appointed as incoming CFO on the same date
Akhil Kumar Manglik re-appointed as Non-Executive Independent Director for 5 years from September 6, 2026 to September 5, 2031

💡 Track shareholder voting approvals for the proposed director appointments and monitor operational continuity under the new leadership in upcoming quarterly results.

Asian Tea & Exports Announces Leadership Transition: New MD and CFO Appointments

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 28 Aug 2026, 02:48 PM

Asian Tea & Exports Ltd announced a leadership reshuffle approved at its board meeting on August 28, 2026. Mr. Hariram Garg is stepping down as Managing Director effective September 28, 2026 due to health reasons, while continuing as Chairman and Non-Executive Director. Mr. Sunil Garg has been appointed as the new Managing Director for a 5-year term from September 28, 2026 to September 27, 2031. Additionally, Mr. Rajesh Garg resigned as Chief Financial Officer effective September 7, 2026, and Mr. Raunak Garg has been appointed as the incoming CFO starting September 7, 2026.

Mr. Hariram Garg steps down as Managing Director effective September 28, 2026, transitioning to Chairman & Non-Executive Director
Mr. Sunil Garg appointed as Managing Director for a 5-year tenure (September 28, 2026 to September 27, 2031)
Mr. Rajesh Garg resigns as Chief Financial Officer effective September 7, 2026
Mr. Raunak Garg appointed as Chief Financial Officer effective September 7, 2026
Mr. Akhil Kumar Manglik re-appointed as Independent Director for a 5-year term starting September 6, 2026

💡 Track shareholder approval for the MD appointment and monitor if the new management drives operational improvements given TTM operating margins of 0.6%.

Asian Tea & Exports Announces Leadership Transition: New MD & CFO Effective September 2026

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 28 Aug 2026, 02:47 PM

Asian Tea & Exports Limited announced a broad leadership transition approved by its Board on August 28, 2026. Mr. Hariram Garg will step down as Managing Director due to health reasons effective September 28, 2026, transitioning to Chairman and Non-Executive Director. Mr. Sunil Garg has been appointed Managing Director for a 5-year term from September 28, 2026, to September 27, 2031. Additionally, Mr. Rajesh Garg resigned as Chief Financial Officer effective September 7, 2026, and will be succeeded by Mr. Raunak Garg on the same date.

Sunil Garg appointed Managing Director for a 5-year term from September 28, 2026 to September 27, 2031
Hariram Garg steps down as Managing Director effective September 28, 2026, continuing as Chairman & Non-Executive Director
Rajesh Garg resigns as CFO effective September 7, 2026; Raunak Garg appointed new CFO from September 7, 2026
Independent Director Akhil Kumar Manglik re-appointed for 5 consecutive years from September 6, 2026 to September 5, 2031

💡 Track shareholder approvals for the MD appointment in the upcoming AGM/postal ballot and monitor whether the leadership succession impacts operating margins and working capital efficiency.

Asian Tea & Exports Reshuffles Leadership: Sunil Garg Appointed MD, Raunak Garg Named CFO

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 28 Aug 2026, 02:18 PM

Asian Tea & Exports Ltd has announced a succession within its top executive management. Mr. Hariram Garg is stepping down as Managing Director effective September 28, 2026, due to health reasons, while continuing as Chairman and Non-Executive Director. Mr. Sunil Garg has been appointed as Managing Director for a 5-year term ending September 27, 2031, subject to shareholder approval. Additionally, Mr. Rajesh Garg resigned as Chief Financial Officer, with Mr. Raunak Garg appointed as the new CFO effective September 7, 2026.

Sunil Garg appointed as Managing Director for a 5-year term (September 28, 2026 to September 27, 2031)
Hariram Garg steps down as MD effective September 28, 2026, continuing as Chairman & Non-Executive Director
Raunak Garg appointed as Chief Financial Officer with effect from September 7, 2026
Akhil Kumar Manglik re-appointed as Independent Director for 5 years from September 6, 2026

💡 Watch for shareholder voting results approving the Managing Director appointment and track if the leadership transition brings improvements to the company's operating margin (TTM OPM at 0.6%).

Rs 10.70 Cr Revenue in Q1; Net Profit Drops 84% YoY to Rs 4.42 Lakhs

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 04:55 PM

Asian Tea & Exports reported a weak Q1 FY27 (ended June 2026) with consolidated revenue declining 22% YoY to Rs 10.70 Cr. Consolidated net profit saw a sharp 84% decline to just Rs 4.42 Lakhs compared to Rs 28.20 Lakhs in the year-ago period. A significant concern is the auditor's emphasis on Rs 1.58 Cr of debtors outstanding for over 3 years without any provision. The company continues to operate on extremely thin margins, typical of the trading and distribution industry.

Consolidated Revenue from operations fell 22% YoY to Rs 10.70 Cr from Rs 13.71 Cr.
Consolidated Net Profit plummeted 84% YoY to Rs 4.42 Lakhs from Rs 28.20 Lakhs.
Auditor flagged Rs 158.35 Lakhs (Rs 1.58 Cr) in debtors outstanding for >3 years without provision.
Domestic segment dominated operations, contributing Rs 10.70 Cr to total revenue.
Finance costs remained relatively high at Rs 17.72 Lakhs for the quarter.

💡 Investors should monitor the recovery of the Rs 1.58 Cr in aged debtors, as a potential write-off would exceed the company's entire TTM profit of Rs 1 Cr.

Asian Tea & Exports Q1 FY27: Revenue up 29% YoY to ₹10.65 Cr; Auditor flags ₹1.58 Cr bad debt risk

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 04:40 PM

Asian Tea & Exports reported a standalone revenue of ₹10.65 Cr for Q1 FY27, marking a 28.8% increase from ₹8.27 Cr in Q1 FY26. Standalone net profit improved slightly to ₹0.11 Cr compared to ₹0.07 Cr in the previous year's corresponding quarter. A significant concern is the auditor's emphasis on ₹1.58 Cr in debtors outstanding for over three years without any provision for loss. The company's consolidated performance was further dampened by its three subsidiaries, which collectively reported a net loss of ₹9.17 lakhs.

Standalone Revenue from Operations increased to ₹10.65 Cr from ₹8.27 Cr YoY.
Standalone Net Profit for the quarter stood at ₹10.57 lakhs (₹0.11 Cr).
Auditor highlighted ₹158.35 lakhs in debtors outstanding for >3 years without provisioning, representing ~158% of TTM PAT.
Domestic segment dominated revenue at ₹10.65 Cr, while International segment contributed only ₹20.18 lakhs.
Consolidated subsidiaries reported total assets of ₹23.32 Cr but a net loss of ₹9.17 lakhs for the quarter.

💡 Investors should closely monitor the recovery of the ₹1.58 Cr long-term debtors, as any future provisioning would significantly impact the company's thin bottom line. The extremely low operating margins (0.8% TTM) leave little room for error in a trading-heavy business model.

August 13 Board Meeting to Approve Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 03 Aug 2026, 12:54 PM

Asian Tea & Exports Ltd has scheduled a board meeting on August 13, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company operates in the trading and distribution sector with a micro-cap valuation of Rs 23 Cr and a TTM revenue of Rs 69 Cr. Investors will be monitoring for a recovery from the Rs 0.36 Cr net loss reported in the March 2026 quarter. The company's operating margins remain thin at 0.8% TTM, making quarterly performance critical for assessing operational stability.

Board meeting scheduled for August 13, 2026, to consider Q1 FY27 results
Results pertain to the first quarter ended June 30, 2026
Trading window for insiders has been closed since July 1, 2026
Company reported a TTM revenue of Rs 69 Cr and a thin OPM of 0.8%
Previous quarter (March 2026) saw a net loss of Rs 0.36 Cr

💡 Monitor the financial results on August 13 to see if the company can improve its low operating margins and return to profitability after the previous quarter's loss.

GST Investigation Closed with Zero Tax Liability for ‡131.8 Cr Exempt Supplies

🟢 POSITIVE ⭐ 4/10

REGULATORY 📅 17 Jul 2026, 05:38 PM

Asian Tea & Exports Ltd has received a closure report from the West Bengal GST authorities regarding an investigation initiated in November 2025. The probe scrutinized exempt supplies of pulses totaling over ‡131.8 crore across FY23, FY24, FY25, and part of FY26. Following multiple hearings and document verification, the Deputy Commissioner of State Tax confirmed that all figures reconciled with the company's financial statements. The investigation has been closed with no tax liability or penalties imposed on the company.

Investigation initiated on 21-11-2025 regarding exempt supplies of pulses has been officially closed.
Total exempt supplies scrutinized include ‡26.48 cr (FY23), ‡32.56 cr (FY24), ‡49.33 cr (FY25), and ‡23.43 cr (Apr-Oct FY26).
Company submitted 362 Bills of Supply (100 in FY23, 79 in FY24, and 183 in FY25) to reconcile the transactions.
Final closure report received on 17-07-2026 confirms zero tax liability for the company.
Authorities verified that the reported exempt supplies matched the Annual Financial Statements.

💡 Investors should note the successful resolution of this regulatory matter, which validates the company's tax compliance for its pulses trading segment. No further action is required as the investigation is concluded.

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