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Indong Tea Company Ltd (543769)

📊 BSE: 543769 🏢 Tea & Coffee 📢 Latest filing: 30 Sep 2026

Latest quarterly results (H2 FY26)

In its latest reported quarter, H2 FY26, Indong Tea's revenue was ₹8.3 Cr (-48.1% year on year, -43.9% on the previous half-year), and net profit ₹-1.4 Cr (a smaller loss than a year earlier); the operating margin was -5.0%.

H2 FY26 (₹ Cr)	Value	YoY vs H2 FY25	vs prev. half
Revenue	₹8.3	-48.1%	-43.9%
Operating profit	₹-0.4	loss narrowed	to loss
Net profit	₹-1.4	loss narrowed	to loss
EPS (₹)	-0.75	loss narrowed	to loss
Operating margin	-5.0%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Indong Tea Shareholders Approve Leadership Reorganization and All Resolutions at 36th AGM

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 30 Sep 2026, 06:07 PM

Indong Tea Company Ltd has submitted the voting results and scrutinizer's report for its 36th Annual General Meeting held on September 28, 2026. Shareholders approved all 8 ordinary and special resolutions with overwhelming majorities (>99.9% in favor across resolutions). Notably, Hariram Garg stepped down as Managing Director to continue as Chairman and Executive Director, while Rajesh Garg was redesignated from Non-Executive Director to Managing Director. Additionally, M/s Agarwal Kejriwal & Co was reappointed as statutory auditor for a five-year term.

All 8 resolutions passed, with voter turnout reaching 75.0374% of total outstanding shares (14,573,048 votes polled).
Special resolution approved Hariram Garg's step down as Managing Director to Chairman & Executive Director with 99.9726% votes in favor.
Ordinary resolution approved redesignation of Rajesh Garg as Managing Director with 99.9726% votes in favor.
Reappointment of M/s Agarwal Kejriwal & Co as statutory auditor for a further 5-year term approved with 100% votes in favor.

💡 Monitor upcoming quarterly financial filings to assess strategic direction or operational improvements under the newly redesignated Managing Director Rajesh Garg.

Indong Tea Appoints Rajesh Garg as MD for 5-Year Term; Hariram Garg Steps Down to Chairman

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 30 Sep 2026, 06:02 PM

Indong Tea Company shareholders have approved the appointment of Rajesh Garg as Managing Director for a 5-year term from September 28, 2026, to September 27, 2031. Shri Hariram Garg stepped down from the MD position effective September 28, 2026, citing health reasons, and transitions to Chairman & Executive Director from October 1, 2026. Additionally, shareholders approved the re-appointment of Independent Director Akhil Kumar Manglik for 5 years starting February 4, 2027, and re-appointed M/s Agarwal Kejriwal & Co as Statutory Auditors for 5 years until the 41st AGM in 2031.

Rajesh Garg appointed Managing Director for a 5-year term from September 28, 2026, to September 27, 2031
Hariram Garg stepped down as MD on September 28, 2026, and transitions to Chairman & Executive Director from October 1, 2026
Independent Director Akhil Kumar Manglik re-appointed for a 5-year term from February 4, 2027, to February 3, 2032
Statutory Auditor M/s Agarwal Kejriwal & Co re-appointed for 5 consecutive years up to the 41st AGM in 2031

💡 Track subsequent quarterly financial performance and operational updates under the new Managing Director to assess potential turnaround efforts following FY26 net losses of Rs -0.83 Cr.

Promoter Hariram Garg Acquires 16,000 Shares of Indong Tea via Open Market

🟢 POSITIVE ⭐ 3/10

REGULATORY 📅 31 Aug 2026, 05:29 PM

Indong Tea Company promoter Hariram Garg reported an on-market acquisition of 16,000 equity shares between August 24, 2026, and August 29, 2026. Following this transaction, his personal shareholding increased from 26,50,661 shares (13.65%) to 26,66,661 shares (13.73%) of the paid-up equity capital. The acquisition represents an addition of approximately 0.08% equity stake in the micro-cap tea producer.

Promoter Hariram Garg acquired 16,000 equity shares via open market purchases
Acquisition conducted between August 24, 2026, and August 29, 2026
Promoter holding increased from 26,50,661 shares (13.65%) to 26,66,661 shares (13.73%)

💡 Track further insider trading disclosures to see if promoters continue to accumulate shares, alongside monitoring quarterly operational performance in tea realizations.

Promoter Hariram Garg Acquires 16,000 Shares of Indong Tea via Open Market

🟢 POSITIVE ⭐ 3/10

REGULATORY 📅 31 Aug 2026, 05:26 PM

Indong Tea Company Ltd submitted a SEBI (PIT) Regulation 7(2) disclosure regarding an open-market purchase by promoter Hariram Garg. Between August 24, 2026, and August 29, 2026, the promoter acquired 16,000 equity shares. Following this transaction, his personal stake increased from 26,50,661 shares (13.65%) to 26,66,661 shares (13.73%). Total promoter group holding stood at 49.23% as of March 2026.

Promoter Hariram Garg purchased 16,000 equity shares through on-market transactions
Acquisition conducted between August 24, 2026 and August 29, 2026
Promoter holding increased by 0.08% from 13.65% (26,50,661 shares) to 13.73% (26,66,661 shares)
Filing submitted under Regulation 7(2) read with Regulation 6(2) of SEBI PIT Regulations

💡 Track subsequent shareholding pattern updates and insider trade filings to monitor whether promoters continue open-market stake consolidation.

Indong Tea Appoints Rajesh Garg as MD for 5 Years; Hariram Garg Shifts to Chairman Role

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 28 Aug 2026, 05:52 PM

Indong Tea Company announced that Shri Hariram Garg has voluntarily stepped down from the position of Managing Director effective September 28, 2026 due to health reasons, while continuing as Chairman and Executive Director from October 1, 2026. The Board approved the appointment of Non-Executive Director Shri Rajesh Garg as the new Managing Director for a 5-year term from September 28, 2026 to September 27, 2031. Additionally, Independent Director Shri Akhil Kumar Manglik was re-appointed for a second 5-year term from February 4, 2027 to February 3, 2032. All appointments remain subject to shareholder approval.

Hariram Garg stepping down as Managing Director effective September 28, 2026, transitioning to Chairman & Executive Director from October 1, 2026
Rajesh Garg appointed as Managing Director for a 5-year term from September 28, 2026 to September 27, 2031
Independent Director Akhil Kumar Manglik re-appointed for 5 consecutive years from February 4, 2027 to February 3, 2032
Board meeting held on August 28, 2026, commenced at 05:00 PM and concluded at 05:30 PM

💡 Track shareholder voting results on the management redesignations and monitor subsequent quarterly performance under the new Managing Director.

2.15% Stake Transfer by Promoter Madanlal Garg via Inter-se Gift

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Aug 2026, 10:25 AM

Madanlal Garg, a promoter of Indong Tea Company, has disclosed a revised inter-se transfer of 4,18,488 shares, representing a 2.155% stake in the company. The transaction was conducted off-market as a gift to an immediate relative on July 13, 2026. Following this transfer, Madanlal Garg's individual holding has decreased from 2.175% to 0.02%. As this is an internal promoter group transfer, the total promoter holding remains unchanged, though the filing was revised following a query from the BSE.

Transfer of 4,18,488 equity shares representing 2.155% of the total share capital
Madanlal Garg's individual holding reduced from 4,22,488 shares (2.175%) to 4,000 shares (0.02%)
Transaction executed as an off-market inter-se transfer by way of gift on July 13, 2026
Total equity share capital remains at 1,94,27,048 shares with a face value of Rs 10 each
Revised disclosure submitted on August 12, 2026, in response to a BSE query

💡 Investors should monitor the overall promoter group holding in the next quarterly shareholding pattern to confirm no external dilution has occurred.

2.15% Stake Transfer by Promoter Madanlal Garg via Gift

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Aug 2026, 10:23 AM

Madanlal Garg, a promoter of Indong Tea Company, has filed a revised disclosure regarding the disposal of 4,18,488 shares, representing a 2.155% stake. The transaction was an inter-se transfer conducted via gift (off-market) on July 13, 2026. Following this transfer, his individual holding has decreased from 2.175% to 0.02%. This revision was submitted in response to a specific query from the BSE received on August 12, 2026.

Disposal of 4,18,488 equity shares representing 2.155% of the company's total voting capital
Transaction executed as an off-market inter-se transfer by way of gift to an immediate relative
Individual holding of Madanlal Garg reduced from 4,22,488 shares (2.175%) to 4,000 shares (0.02%)
Total equity share capital remains at 1,94,27,048 shares of Rs 10 each
Revised filing submitted on August 12, 2026, following a regulatory query from the exchange

💡 Investors should note this is an internal promoter group transfer and does not impact market liquidity; monitor the next quarterly shareholding pattern to confirm the consolidated promoter group stake.

8,000 shares (0.04%) acquired by Promoter Group member Sangita Madhogaria

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 11 Aug 2026, 05:30 PM

Sangita Madhogaria, a member of the promoter group, acquired 8,000 equity shares of Indong Tea Company Ltd through open market transactions between July 21 and July 22, 2026. Prior to this acquisition, she held no shares in the company. The transaction represents a marginal 0.04% of the total paid-up equity capital of 1,94,27,048 shares. This small insider purchase follows a period where overall promoter holding declined from 52.73% in June 2025 to 49.23% in March 2026.

Acquisition of 8,000 equity shares via on-market transactions
Transaction period occurred between July 21, 2026, and July 22, 2026
Post-acquisition holding increased from 0% to 0.04% of the company
Total paid-up equity share capital remains at Rs 19,42,70,480
Acquirer belongs to the Promoter Group category

💡 Investors should monitor if this small purchase is the beginning of a larger trend to stabilize promoter holding, which has decreased by approximately 3.5% over the last four quarters.

8,000 shares acquired by Promoter Group member Sangita Madhogaria

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 11 Aug 2026, 04:58 PM

Sangita Madhogaria, a member of the promoter group, acquired 8,000 equity shares of Indong Tea Company Ltd through on-market transactions between July 21 and July 22, 2026. The acquisition represents a minor 0.04% stake in the company, with a total transaction value of Rs 72,122. Prior to this, the individual held no shares in the company. This small purchase occurs in the context of a declining promoter holding trend, which dropped from 52.73% in June 2025 to 49.23% in March 2026.

Acquisition of 8,000 equity shares by promoter group member Sangita Madhogaria
Total transaction value of Rs 72,122 executed via on-market purchases
Stake represents 0.04% of the total paid-up equity share capital
Transaction conducted between July 21, 2026, and July 22, 2026
Promoter group holding stood at 49.23% as of March 2026 prior to this minor update

💡 Monitor if this small purchase signals a broader trend of promoters stabilizing their stake, which has declined by approximately 3.5% over the last four quarters.

8,000 shares acquired by Promoter Group member Sangita Madhogaria for ₹72,122

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Aug 2026, 04:53 PM

Sangita Madhogaria, a member of the Promoter Group, acquired 8,000 equity shares of Indong Tea Company Ltd through on-market transactions. The purchase occurred between July 21 and July 22, 2026, for a total consideration of ₹72,122. This acquisition represents a 0.04% stake in the company, marking the individual's first holding in the entity. While insider buying is generally a positive signal, the transaction size is very small relative to the company's operations.

Acquisition of 8,000 equity shares by a Promoter Group member
Total transaction value of ₹72,122 executed on-market
Stake acquired represents 0.04% of the total paid-up equity capital
Transactions were conducted between July 21, 2026, and July 22, 2026
Individual's holding increased from 0% to 0.04% post-acquisition

💡 Investors should monitor if this is part of a broader trend of promoter buying, though the current transaction is too small to be a primary investment catalyst.

Promoter Hariram Garg acquires shares in Indong Tea Company Ltd

🟢 POSITIVE ⭐ 4/10

REGULATORY 📅 28 Jul 2026, 01:05 PM

Indong Tea Company has disclosed that promoter Mr. Hariram Garg purchased additional shares, as per filings under SEBI Insider Trading and SAST regulations on July 28, 2026. This acquisition is notable as promoter holding had previously declined from 52.73% in June 2025 to 49.23% in March 2026. The company is currently in a tight financial position with a TTM net loss of Rs 1 Cr and a recent quarterly loss of Rs 1.45 Cr in March 2026. Promoter buying at these levels may signal internal confidence despite recent operational losses.

Promoter Hariram Garg purchased shares as disclosed on July 28, 2026
Promoter holding stood at 49.23% as of March 2026 prior to this transaction
Company reported TTM revenue of Rs 53 Cr with an operating profit margin of 8.8%
The acquisition follows a period of declining promoter stake from 52.73% in mid-2025
March 2026 quarterly results showed a net loss of Rs 1.45 Cr on revenue of Rs 8.27 Cr

💡 Investors should monitor the upcoming shareholding pattern to quantify the exact increase in promoter stake and check if this marks the end of the previous selling trend.

Promoter Hariram Garg Acquires Shares in Indong Tea Company Ltd

🟢 POSITIVE ⭐ 4/10

REGULATORY 📅 28 Jul 2026, 12:59 PM

Indong Tea Company Ltd has disclosed a share purchase by its promoter, Mr. Hariram Garg, under SEBI (Prohibition of Insider Trading) Regulations. This acquisition follows a period where promoter holding declined from 52.73% in June 2025 to 49.23% in March 2026. While the specific volume of this transaction was not detailed in the cover letter, promoter buying is typically viewed as a signal of internal confidence. The company is currently navigating financial stress, reporting a TTM net loss of Rs 1 Cr on a revenue of Rs 53 Cr.

Promoter Hariram Garg purchased shares as per the disclosure dated July 28, 2026
Promoter holding was 49.23% as of March 2026, down from 52.73% in June 2025
Company reported a net loss of Rs 1.45 Cr for the quarter ended March 2026
TTM Revenue stands at Rs 53 Cr against a market capitalization of approximately Rs 24 Cr
Stock has experienced a 12-month price decline of 38.4%

💡 Investors should monitor the next quarterly shareholding pattern to quantify the exact increase in promoter stake. It is important to watch if this buying marks the end of the previous trend of promoter stake dilution.

0.659% stake sale by Promoter Group member Brahmaputra Commodities

🟡 NEUTRAL ⭐ 3/10

OTHER 📅 17 Jul 2026, 05:06 PM

Brahmaputra Commodities Private Limited, a member of the promoter group, has exited its entire 0.659% stake in Indong Tea Company Ltd. The disposal involved 1,28,000 equity shares sold through open market transactions between January 28, 2026, and February 4, 2026. The total transaction value was Rs. 10,40,301. The disclosure was formally received by the company on July 16, 2026, resulting in the promoter group entity's holding becoming nil.

Disposal of 1,28,000 equity shares representing 0.659% of the paid-up share capital
Total transaction value of Rs. 10,40,301 executed via open market
Promoter group member Brahmaputra Commodities Private Limited now holds 0% stake
Transactions occurred between 28.01.2026 and 04.02.2026
Delayed disclosure reported to the company on 16.07.2026

💡 Investors should monitor the upcoming quarterly shareholding pattern to see if other promoter group entities are also reducing their stakes, though this specific exit is relatively small.

0.659% Stake Sale: Promoter Group Entity Exits Indong Tea Company

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 17 Jul 2026, 04:32 PM

Brahmaputra Commodities Private Limited, a member of the promoter group, has completely exited its position in Indong Tea Company. The entity sold 1,28,000 equity shares, representing a 0.659% stake, through open market transactions. The total value of the disposal was Rs. 10,40,301. These transactions occurred between January 28, 2026, and February 4, 2026, resulting in the entity's holding falling to zero.

Disposal of 1,28,000 equity shares by promoter group member Brahmaputra Commodities Private Limited
Total transaction value of Rs. 10,40,301 executed via open market
Stake reduced from 0.659% to 0.000%, representing a full exit by the entity
Transactions were carried out between 28.01.2026 and 04.02.2026
Disclosure submitted to the exchange on 17.07.2026 following receipt of internal intimation

💡 Investors should monitor the overall promoter holding in upcoming quarterly shareholding patterns to see if other group members are also reducing their stakes, especially given the 47.1% price decline over the last 12 months.

0.659% Stake Sale: Promoter Group Entity Brahmaputra Commodities Exits Indong Tea

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Jul 2026, 04:30 PM

Brahmaputra Commodities Private Limited, a member of the promoter group, has disposed of its entire 0.659% stake in Indong Tea Company Ltd. The entity sold 1,28,000 equity shares through open market transactions between January 28, 2026, and February 4, 2026. The total value of the disposal was Rs. 10,40,301. Following this transaction, the entity's shareholding in the company stands at nil.

Disposal of 1,28,000 equity shares representing 0.659% of the paid-up capital
Total transaction value of Rs. 10,40,301 realized through open market sales
Shareholding of Brahmaputra Commodities reduced from 0.659% to 0.00%
Transactions were executed between 28.01.2026 and 04.02.2026
Disclosure submitted to the exchange on 17.07.2026

💡 Investors should monitor if other promoter group entities are also liquidating stakes, although the current volume is relatively small at less than 1%.

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