Diana Tea Company Ltd (530959)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Diana Tea's revenue was ₹26.2 Cr (+30.7% year on year, +243.5% on the previous quarter), and net profit ₹5.5 Cr (+232.4% year on year); the operating margin was 22.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹26.2 | +30.7% | +243.5% |
| Operating profit | ₹6.0 | +140.7% | from loss |
| Net profit | ₹5.5 | +232.4% | from loss |
| EPS (₹) | 3.68 | +231.5% | from loss |
| Operating margin | 22.9% | — | — |
📢 Recent Corporate Announcements
Diana Tea Company Ltd has scheduled its 115th Annual General Meeting (AGM) for Friday, September 11, 2026, at 3:00 PM IST via video conferencing. The share transfer books and register of members will remain closed from September 5 to September 11, 2026. The cut-off date to determine voting rights for remote e-voting and e-voting at the AGM has been fixed as Friday, September 4, 2026.
- 115th Annual General Meeting scheduled for Friday, September 11, 2026, at 3:00 PM IST via VC/OAVM
- Book closure fixed from Saturday, September 5, 2026 to Friday, September 11, 2026 (both days inclusive)
- Voting cut-off date fixed as Friday, September 4, 2026
Diana Tea Company Ltd has released its Annual Report for FY26 along with the Notice convening its 115th Annual General Meeting (AGM) on September 11, 2026. The company turned profitable in FY26 with a net profit ratio of 1.99% compared to -6.47% in FY25, improving its Debt Service Coverage Ratio (DSCR) to 2.33 from 0.30. Key AGM agenda items include the reappointment and remuneration approval of Whole-Time Director Mrs. Sarita Singhania for a 5-year term from November 11, 2026, and enhancement of limits under Section 180(1)(a). The filing also details related party borrowings, including a ₹160.80 Lakhs year-end balance from promoter directors.
- 115th Annual General Meeting scheduled for Friday, September 11, 2026, at 3:00 PM IST via video conferencing.
- Proposed reappointment of Mrs. Sarita Singhania as Whole-Time Director for 5 years effective November 11, 2026.
- Debt Service Coverage Ratio improved significantly to 2.33 in FY26 from 0.30 in FY25 on turnaround in net profitability.
- Promoter related-party loan outstanding included ₹160.80 Lakhs from Sarita Singhania and ₹25.85 Lakhs from Devang Singhania as of March 31, 2026.
Diana Tea Company Ltd has scheduled its 115th Annual General Meeting (AGM) for September 11, 2026, via video conferencing. Key agenda items include the adoption of FY26 audited financial statements, the re-appointment and remuneration approval of Mrs. Sarita Singhania as Whole-Time Director for five years from November 11, 2026, and enhancement of asset-mortgage limits under Section 180(1)(a). The full Annual Report for FY26 was also released, detailing operating metrics and financial disclosures.
- 115th AGM scheduled on Friday, September 11, 2026, at 3:00 PM IST via VC/OAVM
- Proposed re-appointment of Mrs. Sarita Singhania as Whole-time Director for 5 years effective November 11, 2026
- Annual report disclosures show FY26 Debt Service Coverage Ratio at 2.33 vs 0.30 in FY25
- Net deferred tax asset including MAT stood at Rs 102.40 Lakhs as of March 31, 2026
Diana Tea Company has approved a fundraise of Rs 11.00 crore through the issuance of 4,074,075 convertible warrants at Rs 27 per share, representing approximately 28% of its current market capitalization. The board also proposed increasing limits for mortgaging assets and making investments up to Rs 100 crore each, subject to shareholder approval at the upcoming AGM on September 11, 2026. Notably, the statutory auditor's report included an 'Emphasis of Matter' regarding the company's failure to provide for a portion of its gratuity liability as per Ind AS 19. Mrs. Sarita Singhania has been re-appointed as Whole Time Director for a five-year term starting November 2026.
- Fundraise of Rs 11.00 crore via 4,074,075 equity convertible warrants at Rs 27 each.
- Proposed enhancement of limits for sale or mortgage of assets up to Rs 100 crore.
- Proposed threshold for loans and investments under Section 186 increased to Rs 100 crore.
- Statutory auditor flagged non-provision of actuarially determined gratuity liability.
- Warrants carry an 18-month conversion period from the date of allotment.
Diana Tea Company has approved a preferential issue of 40.74 lakh convertible warrants at ₹27 each, aiming to raise ₹11.00 Cr, which represents approximately 28% of its current market capitalization. The Board also proposed increasing borrowing and investment limits to ₹100 Cr each, significantly exceeding its TTM revenue of ₹88 Cr. Notably, the statutory auditor included an 'Emphasis of Matter' regarding the company's failure to provide for a portion of its gratuity liability as per Ind AS 19. The 115th AGM is scheduled for September 11, 2026, to seek shareholder approval for these measures.
- Issuance of 4,074,075 equity convertible warrants at ₹27 per warrant, totaling ₹11.00 Cr
- Proposed enhancement of borrowing and investment limits under Sections 180 and 186 to ₹100 Cr each
- Statutory auditor flagged non-provision of actuarially determined gratuity liability in Q1 results
- Re-appointment of Sarita Singhania as Whole Time Director for a 5-year term starting November 11, 2026
- 115th Annual General Meeting (AGM) scheduled for September 11, 2026, via video conferencing
Diana Tea Company's board has approved a significant capital raise of ₹11 crore through 4.07 million convertible warrants at ₹27 per share, representing approximately 28% of its current market capitalization. The board also seeks shareholder approval to increase borrowing and investment limits to ₹100 crore each, providing substantial headroom over the current ₹45 crore debt. While the fundraise provides a liquidity cushion, the statutory auditor highlighted a departure from accounting standards (Ind AS 19) regarding unprovided gratuity liabilities. The company also re-appointed Mrs. Sarita Singhania as Whole Time Director for a five-year term starting November 2026.
- Approved issuance of 4,074,075 equity convertible warrants at ₹27 per share, aggregating to ₹11 crore.
- Fundraise represents approximately 28.2% of the company's current market capitalization of ₹39 crore.
- Proposed enhancement of borrowing and investment limits to ₹100 crore each, subject to AGM approval.
- Warrants are convertible into equity shares within a maximum period of 18 months from allotment.
- Statutory auditor flagged a departure from Ind AS 19 due to non-provision of certain gratuity liabilities.
Diana Tea Company's board has approved a preferential issue of 40.74 lakh warrants to raise Rs 11.00 crore, representing approximately 28% of its current market capitalization. The company is also seeking shareholder approval to increase borrowing and investment limits to Rs 100 crore each, a significant jump relative to its Rs 39 crore market cap. Mrs. Sarita Singhania has been re-appointed as Whole-Time Director for a five-year term. However, auditors highlighted a concern regarding the non-provision of certain gratuity liabilities, which departs from standard accounting practices.
- Preferential issue of 4,074,075 equity convertible warrants at Rs 27 each to raise Rs 11.00 crore
- Proposed enhancement of borrowing and asset charge limits to Rs 100 crore under Section 180(1)(a)
- Re-appointment of Mrs. Sarita Singhania as Whole-Time Director for 5 years effective November 11, 2026
- Auditors issued an 'Emphasis of Matter' regarding unprovided gratuity liability as per Ind AS 19
- 115th Annual General Meeting (AGM) scheduled for September 11, 2026
Diana Tea Company has approved a preferential issue of 4,074,075 convertible warrants at Rs 27 per share to raise approximately Rs 11 crore. This fundraise represents a significant 28.2% of the company's current market capitalization of Rs 39 crore. Additionally, the board has proposed increasing the limits for selling or mortgaging company assets up to Rs 100 crore, subject to shareholder approval at the upcoming AGM on September 11, 2026. Notably, the statutory auditor highlighted a departure from Ind AS 19, as the company has not fully provided for its actuarially determined gratuity liability.
- Fundraise of Rs 11.00 crore through the issuance of 4,074,075 equity convertible warrants.
- Warrants priced at Rs 27.00 each, representing a ~3.4% premium over the current market price of Rs 26.1.
- Proposed enhancement of borrowing and asset mortgage limits to Rs 100 crore under Section 180(1)(a).
- Statutory auditor issued an 'Emphasis of Matter' regarding unprovided portions of gratuity liability per Ind AS 19.
- Annual General Meeting (AGM) scheduled for September 11, 2026, to seek shareholder approval for these measures.
Diana Tea Company Ltd has postponed its scheduled board meeting from August 10, 2026, to August 12, 2026. The meeting is set to take place at 3:15 P.M. to discuss unspecified agenda items, likely including quarterly financial results. The trading window for designated persons will remain closed until 48 hours after the conclusion of the rescheduled meeting. This represents a minor administrative delay of two days due to unavoidable circumstances.
- Board meeting originally scheduled for August 10, 2026, is now rescheduled to August 12, 2026
- The meeting is scheduled to commence at 3:15 P.M. on the revised date
- Trading window remains closed for all designated persons until 48 hours after the August 12 meeting
- The company has a small market capitalization of Rs 37 Cr, making it a micro-cap entity
Diana Tea Company has scheduled a board meeting on August 10, 2026, to approve its Q1 FY27 financial results and evaluate a fundraise proposal. The fundraise is intended through the issuance of convertible warrants or other securities on a preferential basis specifically to the promoter group. This move comes as the company seeks to stabilize after a volatile FY26, which saw a significant net loss of Rs 9.66 Cr in the March 2026 quarter. Investors should focus on the fundraise quantum relative to the current Rs 35 Cr market cap and the pricing terms for the promoters.
- Board meeting scheduled for August 10, 2026, to approve un-audited results for the quarter ended June 30, 2026.
- Proposal to raise funds via preferential issue of securities/warrants to the promoter group (current holding 61.34%).
- Company reported a significant net loss of Rs 9.66 Cr in the most recent quarter (March 2026) on revenue of just Rs 7.62 Cr.
- Trading window for designated persons has been closed since July 1, 2026, and will remain so until 48 hours post-announcement.
- Board will also consider altering the Memorandum and Articles of Association (MoA/AoA) as per the Companies Act 2013.
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