NORBTEAEXP - Norben Tea
📢 Recent Corporate Announcements
Norben Tea & Exports Limited has submitted its un-audited financial results for the third quarter and nine-month period ending December 31, 2025. The results were reviewed by the Audit Committee and approved by the Board of Directors in a meeting held on February 13, 2026. The filing includes the mandatory Limited Review Report from the company's auditors as per SEBI regulations. This announcement provides the necessary transparency regarding the company's financial health during the specified period.
- Board approved un-audited financial results for the quarter ended December 31, 2025.
- Nine-month cumulative performance data for FY26 was also taken on record.
- The Board meeting was conducted on February 13, 2026, between 01:45 P.M. and 02:28 P.M.
- The submission includes a Limited Review Report from the statutory auditors.
Norben Tea & Exports Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that share certificates received for dematerialization between October 1, 2025, and December 31, 2025, have been processed. The company's Registrar and Transfer Agent, MCS Share Transfer Agent Limited, verified that the physical certificates were mutilated and cancelled. This routine disclosure ensures that the company's electronic shareholding records are accurately maintained with the depositories.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Confirmation provided by Registrar & Transfer Agent, M/s. MCS Share Transfer Agent Limited.
- Share certificates received for dematerialization were cancelled and mutilated per SEBI norms.
- Depository names have been substituted in the records as the Registered Owners for the processed shares.
Norben Tea & Exports Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's Q3 and nine-month financial results for the period ending December 31, 2025. The window will remain closed until 48 hours after the standalone un-audited financial results are officially declared. This is a standard regulatory procedure to prevent insider trading during the sensitive financial reporting period.
- Trading window closure effective from January 1, 2026.
- Closure applies to all Designated Persons and their immediate relatives.
- Relates to the Standalone Un-Audited Financial Results for the quarter and nine months ended December 31, 2025.
- Trading window will reopen 48 hours after the financial results are declared to the exchanges.
Norben Tea & Exports Limited has announced the formal cessation of Mr. Niraj Tiwari as the Company Secretary and Compliance Officer, effective from the close of business hours on December 23, 2025. Mr. Tiwari, who served as a Key Managerial Personnel (KMP), resigned to pursue other career opportunities. The company had previously notified the exchanges of this transition on December 11, 2025. This is a standard administrative change and the company is expected to appoint a successor to maintain regulatory compliance.
- Mr. Niraj Tiwari resigned as Company Secretary and Compliance Officer (KMP) effective December 23, 2025.
- The resignation was attributed to the pursuit of other career opportunities.
- The company had issued a prior intimation regarding this resignation on December 11, 2025.
- The exit was finalized at the close of business hours on the specified date.
Norben Tea & Exports Limited has appointed Ms. Namrata Das as the Company Secretary and Compliance Officer, effective December 24, 2025. The appointment was approved by the Board of Directors on December 18, 2025, following regulatory requirements under the Companies Act and SEBI. Ms. Das is an Associate Member of the Institute of Company Secretaries of India (Membership No. A79243) and will also serve as a Key Managerial Personnel (KMP). This move ensures the company maintains its statutory compliance and corporate governance standards.
- Ms. Namrata Das appointed as Company Secretary and Compliance Officer effective December 24, 2025
- Designated as Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013
- Ms. Das holds Membership No. A79243 from the Institute of Company Secretaries of India
- Board approval for the appointment was finalized on December 18, 2025
Norben Tea & Exports Limited announced the resignation of Niraj Tiwari as Company Secretary & Compliance Officer. The resignation is effective from December 23, 2025. Mr. Tiwari resigned to pursue career opportunities. The Board accepted the resignation, which will be formally placed before the next board meeting.
- Niraj Tiwari resigned as Company Secretary & Compliance Officer.
- Resignation is effective from December 23, 2025.
- Resignation tendered on December 11, 2025.
- Manoj Kumar Daga, Managing Director, accepted the resignation.
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents; however, the company reported a loss for the financial year ended March 31, 2025.
Geographic Revenue Split
Not disclosed in available documents. The company operates out of Kolkata, West Bengal.
Profitability Margins
The company reported a net loss for the financial year ended March 31, 2025. Specific margin percentages were not provided in the text.
Capital Expenditure
Paid-up equity share capital increased by approximately 10.37% from INR 11.75 Cr to INR 12.9681 Cr during the audit period due to the conversion of warrants into 12,18,100 equity shares.
Credit Rating & Borrowing
Not disclosed in available documents. The company maintains a relationship with State Bank of India.
Operational Drivers
Raw Materials
Tea leaves and tea plants/cuttings represent the primary raw materials for production.
Import Sources
Sourced domestically, primarily within West Bengal (Kolkata region).
Key Suppliers
Tongani Tea Co. Ltd. (a promoter group company) is a key related party supplier/buyer, involved in transactions such as the sale of tea plants/cuttings valued at INR 14.85 Lakhs.
Raw Material Costs
Not disclosed as a specific percentage of revenue; however, the company noted that inclement weather impacts crop availability and costs.
Strategic Growth
Growth Strategy
The company is focusing on improving tea quality to meet market demand and has raised capital through the issuance of 15,50,000 equity shares at a premium of INR 7 per share (Total INR 17 per share) via warrant conversion to strengthen its financial position.
Products & Services
Tea, tea plants, and tea cuttings.
Brand Portfolio
Norben Tea.
Strategic Alliances
Maintains a strategic relationship with promoter group company Tongani Tea Co. Ltd. for tea plant transactions.
External Factors
Industry Trends
The tea industry is seeing a thrust on quality improvement. While inclement weather has been a recent challenge, a normal monsoon forecast suggests a positive outlook for production volumes.
Competitive Landscape
The company operates in a competitive market where success depends on attracting/retaining key personnel and managing climatic risks.
Competitive Moat
The company's moat is built on its workforce culture and focus on quality production, though it faces high competition and commodity price risks.
Macro Economic Sensitivity
Highly sensitive to economic conditions affecting demand and supply in the tea industry and changes in government taxation policies.
Consumer Behavior
Increasing demand for high-quality tea products is driving the company to focus on quality improvement.
Regulatory & Governance
Industry Regulations
Subject to the Companies Act 2013, SEBI (LODR) Regulations 2015, and Secretarial Standards on Board and General Meetings. The company must comply with pollution norms and state-specific agricultural regulations.
Legal Contingencies
SEBI imposed a penalty of INR 1,00,000 on June 28, 2024, for violations related to the resignation of the Statutory Auditor. BSE and NSE imposed fines of INR 5,900 each on December 13, 2024, for a one-day delay in submitting related party transaction disclosures.
Risk Analysis
Key Uncertainties
Climatic risks (weather) and natural calamities are the primary uncertainties that could impact crop yield by significant percentages.
Geographic Concentration Risk
Operations are concentrated in West Bengal, making the company vulnerable to regional weather patterns and state regulations.
Third Party Dependencies
Dependency on promoter group companies for certain plant/cutting transactions.