More Details on This News

The Grob Tea Company Limited has announced the results of its postal ballot, wherein members approved several critical financial resolutions. These approvals are crucial for the company's operational flexibility and future growth.

The resolutions passed include an increase in the limit for giving loans, providing guarantees, or making investments under Section 186 of the Companies Act, 2013. Additionally, the members approved an increase in the company's borrowing powers as per Section 180 (1)(C) of the Companies Act, 2013. Further, the company received approval to increase existing limits for the sale, creation of mortgage, or charge on its assets, properties, or undertakings under Section 180 (1)(a) of the Companies Act, 2013.

Lastly, an increase in the limit for making donations or contributions, as per Section 181 of the Companies Act, 2013, was also approved by the shareholders. The voting on these special resolutions was conducted through a remote e-voting process, with the last date for remote e-voting being Monday, December 29, 2025. The company has submitted the detailed voting results and the Scrutinizer's Report to the stock exchanges.