Dhunseri Tea & Industries Limited (DTIL)
📢 Recent Corporate Announcements
Dhunseri Tea & Industries Limited announced the voting results and Scrutinizer's report for its 29th Annual General Meeting held on August 19, 2026. All five ordinary resolutions were passed with over 99.99% approval. Key approvals include the adoption of FY26 audited financial statements and the declaration of a dividend of Rs 2.00 per equity share. Total valid votes polled across resolutions were 7,253,111 shares against total share capital of 10,507,427 shares.
- Approved dividend of Rs 2.00 per equity share for FY26 with 99.9992% votes in favor
- Adoption of FY26 audited balance sheet and P&L approved with 7,253,020 votes in favor (99.9987%)
- 7,253,111 votes polled out of 10,507,427 total equity shares (~69.03% turnout)
- Re-appointment of Ms. Bharati Dhanuka as Director approved by shareholders
Dhunseri Tea & Industries Limited conducted its 29th Annual General Meeting on August 19, 2026 via video conference. Key ordinary business items moved included the adoption of FY26 financial statements and the declaration of a dividend of Rs 2.00 per share. Special business included the approval of existing remuneration for Chairman Mr. Chandra Kumar Dhanuka. Remote e-voting concluded on August 18, 2026, with final voting results scheduled to be declared on or before August 21, 2026.
- Declared a dividend of Rs 2.00 per equity share for the financial year ended March 31, 2026
- Conducted 29th AGM on August 19, 2026, from 3:00 PM to 4:15 PM IST
- Special resolution moved to approve existing remuneration for Chairman Mr. C.K. Dhanuka
- E-voting results to be declared on or before August 21, 2026
Dhunseri Tea & Industries Limited (DTIL) reported a consolidated Net Profit of Rs 13.66 Cr for Q1FY27, a slight decrease from Rs 14.35 Cr in the same period last year. Consolidated revenue from operations fell significantly to Rs 81.76 Cr from Rs 114.98 Cr YoY, primarily reflecting the impact of divesting the Balijan and Deohall tea estates. The company's Malawi operations were impacted by hyperinflation accounting (Ind AS 29), resulting in a non-cash loss of Rs 0.39 Cr. Despite the revenue contraction, standalone EPS improved to Rs 11.10 from Rs 9.31 YoY, indicating better margin management in the remaining portfolio.
- Consolidated Revenue from operations decreased by 28.9% YoY to Rs 81.76 Cr.
- Consolidated Net Profit stood at Rs 13.66 Cr, down 4.8% from Rs 14.35 Cr in Q1FY26.
- Standalone EPS for the quarter improved to Rs 11.10 compared to Rs 9.31 in the year-ago period.
- Hyperinflation in Malawi resulted in a net loss of Rs 0.39 Cr for the quarter.
- Exceptional items were nil this quarter, compared to Rs 6.39 Cr in total gains from asset sales in FY26.
Dhunseri Tea & Industries Limited (DTIL) has announced its 29th Annual General Meeting (AGM) will be held on August 19, 2026, via video conferencing. The company has provided a direct web-link to its FY 2025-26 Annual Report for shareholders who have not registered their email addresses. This follows a fiscal year where the company reported a TTM revenue of ‡471 Cr and a net loss of ‡3 Cr. The filing is a procedural requirement under SEBI Listing Regulations to ensure all shareholders have access to financial disclosures.
- 29th Annual General Meeting scheduled for August 19, 2026, at 3:00 p.m. IST
- Annual Report for FY 2025-26 released via web-link for unregistered shareholders
- TTM Revenue of ‡471 Cr reported against a current Market Cap of ‡141 Cr
- Promoter holding remains steady at 68.9% as of March 2026
- Company continues to trade at a significant discount to book value with a P/B of 0.3
Dhunseri Tea & Industries Limited (DTIL) has scheduled its 29th Annual General Meeting for August 19, 2026, where it has proposed a dividend of ₹2.00 per equity share. For FY26, the company reported a net profit of ₹5.90 Cr, which was primarily driven by an exceptional gain of ₹6.39 Cr that offset an operational loss of ₹3.98 Cr. Production capacity saw a modest increase to 12.20 million kg from 11.73 million kg in the previous year. Investors will also vote on a special resolution regarding the remuneration of Chairman Mr. Chandra Kumar Dhanuka.
- Proposed dividend of ₹2.00 per equity share for the financial year ended March 31, 2026
- FY26 net profit of ₹5.90 Cr reported, supported by a ₹6.39 Cr exceptional gain
- Operational loss before exceptional items and tax stood at ₹3.98 Cr for the fiscal year
- Tea production capacity increased to 12.20 million kg from 11.73 million kg YoY
- Cost auditor remuneration for FY27 ratified at ₹2.50 lac plus applicable taxes
Dhunseri Tea & Industries Limited (DTIL) has issued a formal notice to shareholders holding securities in physical form to update their PAN, KYC, and nomination details. This action is in compliance with SEBI circulars from 2023 and 2024 aimed at digitizing investor records. The company clarified that dividends for such holders will only be processed electronically once these details are furnished. This is a routine administrative procedure and does not impact the company's financial performance (TTM Revenue: Rs 471 Cr).
- Compliance with SEBI Circulars dated March 16, 2023, and June 10, 2024, regarding mandatory KYC.
- Physical shareholders must provide PAN, Choice of Nomination, Contact Details, and Bank Account Details.
- Dividends for physical holders are eligible only through electronic mode effective April 1, 2024, upon compliance.
- Forms ISR 1 and ISR 2 are mandatory for updating specimen signatures and KYC details.
- Shareholders can download required forms from the company website or the RTA (Maheshwari Datamatics Pvt. Ltd.).
Dhunseri Tea & Industries Limited (DTIL) has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that during the quarter from April 1, 2026, to June 30, 2026, physical securities received for dematerialization were duly processed, destroyed, and cancelled. The company's Registrar and Share Transfer Agent, Maheshwari Datamatics Private Limited, issued the confirmation on July 2, 2026. This is a standard administrative filing with no impact on business fundamentals or financial performance.
- Covers the reporting period from April 1, 2026, to June 30, 2026
- Confirmation provided by Registrar M/s. Maheshwari Datamatics Private Limited
- RTA certificate issued on July 2, 2026, and filed with exchanges on July 9, 2026
- Confirms substitution of depository names in records within stipulated timeframes
Dhunseri Tea & Industries Limited (DTIL) has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the announcement of the company's Un-Audited Financial Results for the quarter ending June 30, 2026. The restriction applies to all designated persons and their immediate relatives. The window will remain closed until 48 hours after the financial results are declared to the public.
- Trading window closure effective from July 1, 2026.
- Closure pertains to the Un-Audited Financial Results for the quarter ended June 30, 2026.
- Restriction applies to all Designated Persons and their immediate relatives.
- Window to reopen 48 hours after the official announcement of quarterly results.
Chandra Kumar Dhanuka, Chairman of Dhunseri Tea & Industries Limited (DTIL), has filed an annual disclosure under Regulation 31(4) of SEBI Takeover Regulations. The filing confirms that the promoter group and Persons Acting in Concert (PAC) have not created any new encumbrances, directly or indirectly, on their shareholding during the financial year 2025-26. This declaration covers a comprehensive list of 51 entities and individuals within the promoter group, ensuring transparency regarding the status of promoter-held shares.
- Annual declaration submitted under Regulation 31(4) of SEBI (SAST) Regulations, 2011.
- Promoter and PACs confirm no new share pledges or encumbrances were made during FY 2025-26.
- The disclosure encompasses 51 distinct promoter group entities and individuals.
- Standard compliance filing aimed at maintaining transparency in promoter shareholding status.
Dhunseri Tea & Industries Limited (DTIL) has recommended a dividend of ₹2 per equity share (face value ₹10) for the financial year ended March 31, 2026. The dividend is subject to shareholder approval at the 29th AGM scheduled for August 19, 2026, with payment expected on or after August 25, 2026. The company has issued detailed tax guidelines, noting a 10% TDS for resident shareholders with valid PANs for payouts exceeding ₹10,000, and a 20% rate for those without valid PAN or Aadhaar linkage.
- Recommended dividend of ₹2 per equity share for the financial year 2025-26.
- Dividend payment is scheduled to commence on or after August 25, 2026, following AGM approval.
- Standard TDS rate of 10% for resident individuals with PAN; 20% TDS for missing PAN or unlinked Aadhaar.
- Non-resident shareholders may avail of beneficial DTAA rates by submitting required documents by August 11, 2026.
- Mandatory electronic payment for physical shareholders; KYC updates required to avoid withholding of funds.
Dhunseri Tea & Industries Limited (DTIL) has notified shareholders regarding the mandatory transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. This action applies to shares where dividends have remained unclaimed for seven consecutive years, starting from the financial year 2018-19. Concerned shareholders must submit their claims to the company or its Registrar and Share Transfer Agent (RTA) by August 31, 2026, to prevent the transfer. Even after the transfer, shareholders retain the right to claim their shares and dividends back from the IEPF Authority through the prescribed legal process.
- Shares with unclaimed dividends for 7 consecutive years (since FY 2018-19) will be transferred to IEPF.
- The deadline for shareholders to submit claims to the company or RTA is August 31, 2026.
- Physical share certificates will be cancelled and replaced with new ones for the transfer, while demat shares will move via corporate action.
- A list of affected shareholders has been uploaded to the company's website as of June 12, 2026.
- Post-transfer, claims can only be made through the IEPF Authority using Form IEPF-5.
Naga Dhunseri Group Limited, a promoter group entity, has acquired 11,000 equity shares of Dhunseri Tea & Industries Limited (DTIL) through the open market. The transaction, valued at approximately ₹14.68 lakh, was executed between June 2 and June 3, 2026. This acquisition has marginally increased the promoter group's stake from 54.36% to 54.52%. Such open-market purchases by promoters typically signal confidence in the company's long-term value.
- Promoter entity Naga Dhunseri Group Limited purchased 11,000 equity shares via the open market.
- The total transaction value for the acquisition is ₹14,68,500.
- Promoter holding increased from 37,33,221 shares (54.36%) to 37,44,221 shares (54.52%).
- The acquisition was conducted on the National Stock Exchange (NSE) on June 2 and June 3, 2026.
Dhunseri Tea & Industries Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by Registrar Maheshwari Datamatics Private Limited, covers the period from January 1, 2026, to March 31, 2026. It confirms that physical share certificates received for dematerialization were duly verified, cancelled, and the depository's name was substituted in the records. This is a standard administrative filing ensuring the integrity of the company's electronic shareholding records.
- Compliance certificate submitted for the quarter ended March 31, 2026
- Registrar Maheshwari Datamatics Private Limited confirmed processing of demat requests
- Physical securities received were destroyed or cancelled within stipulated SEBI timelines
- Depository records updated for all valid dematerialization requests during the quarter
Dhunseri Tea & Industries Limited (DTIL) has notified the exchanges that its trading window will be closed starting April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming audited financial results for the fiscal year ending March 31, 2026. The restriction applies to all designated persons and their immediate relatives. The window will reopen 48 hours after the financial results are officially announced to the public.
- Trading window closure effective from April 1, 2026
- Closure pertains to the Audited Financial Results for the year ending March 31, 2026
- Restriction ends 48 hours after the results are declared to the stock exchanges
- Applies to all Designated Persons and their immediate relatives under SEBI guidelines
Dhunseri Tea & Industries Limited (DTIL) has entered into an agreement to subscribe to Optional Convertible Debentures (OCDs) of its wholly-owned subsidiary, Dhunseri Petrochem & Tea Pte Ltd. The total investment is valued at USD 0.50 million with an annual interest rate of 7.50%. The debentures have a 7-year tenure, after which they will either be redeemed or converted into equity shares at a price determined by future valuations. This move represents a routine capital infusion into the company's international subsidiary.
- Investment of USD 0.50 million in wholly-owned subsidiary Dhunseri Petrochem & Tea Pte Ltd.
- Subscription to Optional Convertible Debentures (OCD) with a 7.50% annual interest rate.
- 7-year tenure for redemption if the conversion option is not exercised by DTIL.
- Interest will accrue yearly and become payable only upon redemption or conversion.
- Conversion price to be determined on an arm's length basis at the time of conversion.
Financial Performance
Revenue Growth by Segment
Consolidated Total Operating Income (TOI) grew by 15% YoY to INR 456.38 Cr in FY25, following a 17% YoY growth in FY24 (INR 395.42 Cr). Standalone tea sales volume grew by 52% in FY24, though realizations dropped by over 10%.
Geographic Revenue Split
Operations are split between India (Assam) and Africa (Malawi). Domestic tea production reached 3.46 million kg in Q1FY26, while overseas tea production in Malawi grew to 9.16 million kg in CY24, up 24.6% from 7.35 million kg in CY23.
Profitability Margins
The company reported a consolidated net loss of INR 141.09 Cr in FY24. Operating profitability remained subdued in FY25 due to production losses from pest attacks and climate challenges, despite higher tea realizations.
EBITDA Margin
PBILDT margins are currently under pressure; a sustained improvement beyond 12% is a key monitorable for positive credit action. FY24 saw operational losses due to a 10% drop in realizations and increased wage costs.
Capital Expenditure
No significant capital expenditure is planned for the medium term. The company has focused on liquidity through asset monetization, including the sale of Dilli Tea Estate for INR 35 Cr and Jaipur Factory for INR 20 Cr in H1FY25.
Credit Rating & Borrowing
Long-term bank facilities (INR 148.93 Cr) are rated CARE A; Stable as of October 2025. Short-term facilities (INR 0.50 Cr) are rated CARE A2+. Interest coverage stood at 3.75x in H1FY25, though it is expected to moderate by year-end.
Operational Drivers
Raw Materials
Green tea leaves (including bought-out leaf) and manual labor, with wage costs accounting for 45-50% of the total cost of sales.
Import Sources
Sourced locally from tea gardens in Assam, India, and plantations in Malawi, Africa.
Key Suppliers
Not specifically named; procurement involves internal garden production and third-party 'bought-out' leaf suppliers in the tea-growing regions.
Capacity Expansion
Currently operates 11 tea estates and 11 tea factories (reduced from 12 following asset sales). Focus has shifted from expansion to restructuring by disposing of loss-making assets like the Hatibari and Shivani factories (INR 15 Cr).
Raw Material Costs
Wage costs are the primary driver, representing 45-50% of sales. Steep upward revisions in statutory wages in Assam directly impact margins by increasing the cost of production per kg.
Manufacturing Efficiency
Average recovery rate ranges from 22.55% to 23.76%, which is in line with the industry average of ~22%. Yield improved to 2011 kg per hectare in Q1FY26 compared to 1100 kg per hectare in H1FY25.
Logistics & Distribution
Tea is distributed via auctions, private sales through intermediaries, and direct packaged tea sales.
Strategic Growth
Expected Growth Rate
15-17%
Growth Strategy
Growth is driven by the acquisition of new tea gardens and improving the yield of existing ones. The company is also optimizing its portfolio by divesting underperforming assets (INR 70 Cr+ in total sales) and focusing on higher-quality tea production to improve realizations.
Products & Services
Bulk black tea, packaged tea, and macadamia nuts.
Brand Portfolio
Dhunseri Tea.
New Products/Services
Increased focus on 'better quality' tea production in newly acquired gardens to command higher auction premiums.
Market Expansion
Consolidation under Naga Dhunseri Group Limited (NDGL), which now holds a 54.56% stake, providing stronger financial backing for market stability.
Market Share & Ranking
Not disclosed, but recognized as an established player with over five decades of track record in the tea industry.
Strategic Alliances
Part of the CK Dhanuka Group, providing financial flexibility and access to a group liquidity pool of ~INR 1,200 Cr.
External Factors
Industry Trends
The tea industry is evolving toward quality-centric production to counter rising labor costs (45-50% of total costs). The industry remains highly fragmented and susceptible to climate change.
Competitive Landscape
Competes with other bulk tea producers in Assam and international tea/macadamia producers in Africa.
Competitive Moat
Durable advantage stems from the promoter's 50-year track record and the financial flexibility of being part of the Dhunseri Group, which holds ~INR 1,200 Cr in liquid assets.
Macro Economic Sensitivity
Highly sensitive to currency fluctuations in Malawi and global tea/macadamia price volatility.
Consumer Behavior
Shift toward packaged and branded tea, which DTIL is addressing through its blending and packaging unit in Rajasthan.
Geopolitical Risks
Operations in Malawi, Africa, expose the company to regional economic instability and currency risks.
Regulatory & Governance
Industry Regulations
Subject to statutory wage revisions in the tea sector (Assam) and agricultural export/import regulations in Malawi.
Environmental Compliance
Not disclosed in absolute INR values, but tea operations are subject to agro-climatic and environmental regulations.
Risk Analysis
Key Uncertainties
Agro-climatic risks (hailstorms/pests) and volatility in macadamia prices are the primary uncertainties, with potential to cause multi-crore operational losses.
Geographic Concentration Risk
High concentration in Assam for domestic operations and Malawi for international operations.
Third Party Dependencies
Dependency on the tea auction system for price discovery and realization.
Technology Obsolescence Risk
Low risk; however, the company is upgrading factories to improve tea quality and recovery rates.
Credit & Counterparty Risk
Liquidity is supported by the promoter group, with INR 14.39 Cr in unsecured loans outstanding as of March 2025.