News & Announcements
Notice - Disclosure under Regulation 30(8) of SEBI

2023

  1. Mr. Golam Momen (DIN: 00402662), Independent Director of the Company left for heavenly abode on 29th January, 2023. Mr. Golam Momen’s unexpected demise will be an irreparable loss to the Company and all the directors and employees of the Company convey deep sympathy, sorrow and condolences to his family.
  2. In terms of Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company based on the recommendation of the Nomination and Remuneration Committee has approved the appointment of Mr. Ravindra Suchanti (DIN: 00143116) as an Additional Director & Non-Executive Independent Director of the Company with effect from 28th April, 2023. The appointment is being made to fill up the vacancy of an Independent Director. View Profile
  3. The Company has redeemed 40,000 7.5% Non-Cumulative Redeemable Preference Share of Rs. 100/- each out of profits of the financial year ended 31st March, 2023.
  4. Mr. Govind Ram Banka (DIN: 00207385), Non Executive Director of the Company left for heavenly abode on 4th May, 2023. All the directors and employees of the Company convey deep sympathy, sorrow and condolences to his family.
  5. The 40th Annual General Meeting (AGM) of the Members of the Company will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM) on Thursday, 27th July, 2023 at 11:30 a.m.The remote e-voting period shall commence from Monday, 24th July, 2023(9:00 A.M) and end on Wednesday, 26th July, 2023(5:00 P.M).The Company has fixed Thursday, 20th July, 2023 as the “Cut-off Date” for the purpose of determining the members eligible to vote on the resolutions set out in the Notice of the AGM or to attend the AGM.
  6. The Share Transfer Books and Register of the Members will remain closed from Friday, 21st July, 2023 to Thursday, 27th July, 2023 (both days inclusive) for the purpose of the 40th AGM and payment of Dividend.
  7. The Board of Directors recommended a dividend of Re. 1.00 per equity share of the face value of Rs. 10/- each being 10% subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) and would be paid/dispatched within 30 days from the date of declaration at the ensuing AGM to the Members whose name appears in the Register of Members as on the cut - off date of Thursday, 20th July, 2023.
  8. Mr. Dipankar Samanta (DIN: 10176966) on the recommendation of the Nomination & Remuneration Committee had been appointed as an Additional(Non-Executive) Director of the Company with effect from 30th May, 2023.

    Profile
    Mr. Dipankar Samanta born on 22nd December, 1956 and holds Master degree in Commerce. He was the functional head of credit department of Punjab National Bank, Zonal Office at Kolkata at the time of retirement. He has 38 years of rich experience in the banking sector. He is at present advisor to Maithan Steel & Power Limited and Balaram Mullick & Radharaman Mullick, LLP. The Board feels that his experience in the banking sector will help the Company.
  9. The shareholders in the 40th Annual General Meeting held on 27th July, 2023 approved the appointment of 
    • Mr. Ravindra Suchanti (DIN: 00143116), as an Independent Director of the Company for a period of 5 consecutive years with effect from 28th April, 2023 to 27th April, 2028 not liable to retire by rotation.
    • Mr. Dipankar Samanta (DIN: 10176966), as a Non-Executive Non-Independent Director of the Company liable to retire by rotation.
  10. Mr. Kamalesh Gupta, Manager, Bamonpookrie Tea Estate has tendered his resignation voluntarily w.e.f. 28.07.2023.Mr. Sujeet Kumar Singh, the Manager Lakmijan Tea Estate has been appointed as the Manager, Bamonpookrie Tea Estate w.e.f. 28/07/2023 and he will also be in charge of Lakmijan Tea Estate till new manager takes charge of the property. 
  11. Mr. Binay Kumar Pandey has been appointed as Manager, Lakmijan Tea Estate on 25th August, 2023. He is a seasoned professional having 28 years of experience in tea management with tea companies of repute having exposure in tea plantations, manufacturing, tea blending & packing, general administration, etc. Mr. Sujeet Kumar Singh, Manager Lakmijan Tea Estate has been re-designated as the Manager, Bamonpookrie Tea Estate with effect from 25th August, 2023.
  12. Mr. Sujeet Kumar Singh- Manager of Bamonpookrie Tea Estate of the Company has tendered his resignation from his position of Senior Management (identified pursuant to Regulation 16(1)(d) of SEBI (LODR) Regulations). His last working day shall be 27th November, 2023 as per the policies of the Company. Resignation Letter Attached.
  13. An unprecedented hail storm hit Mackeypore Tea Estate and Bamonpookrie Tea Estate around 5 p.m. on 13th December, 2023 and caused significant damage to teas stored in Mackeypore Tea Estate Factory and over 400 labour quarters at both Tea Estates. There will be a production loss of approximately 5000 kgs of teas as the tea bushes were also affected by the storm. Tea Board of India had mandated 16th December, 2023 as the last date of manufacturing of teas in the season 2023. The approximate financial damage will be Rs. 40,00,000/-.

2022

  1. In terms of the Company’s Internal Code of Conduct for Prevention of Insider Trading framed pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 the trading window of the company will remain closed from Saturday, 1 January, 2022 till 48 hours after the declaration of the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 31st December, 2021 to the Stock Exchanges.
  2. In terms of the Company’s Internal Code of Conduct for Prevention of Insider Trading framed pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 the trading window of the company will remain closed from Friday, 1st April, 2022 till 48 hours after the declaration of the audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended 31st March, 2022 to the Stock Exchanges.
  3. In terms of the Company’s Internal Code of Conduct for Prevention of Insider Trading framed pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 the trading window of the company will remain closed from Friday, 1st July, 2022 till 48 hours after the declaration of the unaudited standalone and consolidated Financial Results of the Company for the quarter ended 30th June, 2022 to the Stock Exchanges.
  4. Convened the 39th Annual General Meeting (AGM) of the Company on Friday, 5th August, 2022 at 2:00 p.m. IST through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”). The remote e-voting period shall commence from Tuesday, 2nd August, 2022 (9:00 A.M) and end on Thursday, 4th August, 2022(5:00 P.M).The Company has fixed Friday, 29th July, 2022 as the “Cut-off Date” for the purpose of determining the members eligible to vote on the resolutions set out in the Notice of the AGM or to attend the AGM.
  5. Recommended dividend of Rs. 7/- per Preference Share of face value Rs.100/- each and Re.1/- per Equity Share of face value Rs 10/- each being 7% and 10% on Face Value of Preference Shares and Equity Shares respectively, subject to the approval of the shareholders at the ensuing Annual General Meeting(AGM) and would be paid/dispatched within 30 days from the date of declaration at the ensuing AGM to the Members whose name appears in the Register of Members as on the cut - off date i.e 29th July, 2022.
  6. Register of Members and Share Transfer Books shall remain closed from Saturday, 30th July, 2022 to 5th August, 2022 (both days inclusive) for the purpose of 39th Annual General Meeting and Dividend.
  7. Approved adoption of new set of Articles of Association of the Company subject to approval of the shareholders at the ensuing Annual General Meeting.
  8. Approved appointment of Mr. Umang Kanoria (DIN: 00081108), Chairperson and Non-Executive Director of the Company as the Executive Chairperson and Managing Director of the Company on the recommendation of the Nomination & Remuneration Committee for a period of three years with effect from 1st August, 2022. subject to approval of the shareholders at the ensuing Annual General Meeting. Relevant details pursuant to Regulation 30 of the Listing Regulations in relation to the change in directors is enclosed as Annexure 1.
  9. Approved appointment of Mr. Asit Kumar Labh (holding Membership No. ACS 32891 and C.P No. 14664) Practicing Company Secretary, 40, Weston Street, 3rd Floor, Kolkata - 700013 as Secretarial Auditor of the Company for the Financial Year 2022-2023, to conduct Secretarial Audit pursuant to Section 204 of the Companies Act, 2013, read with rules thereunder and Regulation 24A of SEBI (LODR) Regulations, 2015, as amended and issue report thereon, on the remuneration as may be decided by the Board of Directors and the Auditor.
  10. Approved appointment of Ms. Amber Ahmad (holding Membership No. FCS 9312 and C.P No.8581) Practicing Company Secretary, Amber Ahmad & Associates, Bagati House, Room No. 12, 34, Ganesh Chandra Avenue, Kolkata-700013 as Auditor for the Financial Year 2022-2023, to conduct Reconciliation of Share Capital Audit pursuant to Regulation 76 of SEBI (DP) Regulations, 2018 and issue report thereon, on the remuneration as may be decided by the Board of Directors and the Auditor.
  11. Mr. Orn Kaul (DlN: 00020821) has resigned from the position of independent Director of the Company with effect from 10tn February,2022 due to his advanced age and related health issues as mentioned in attached resignation letter.

2021

  1. In terms of the Company's Internal Code of Conduct for Prevention of Insider Trading framed pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 the trading window of the company will remain closed from 1st January, 2021 till 48 hours after the declaration of the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 31st December, 2020 to the Stock Exchange.
  2. In terms of the Company's Internal Code of Conduct for Prevention of Insider Trading framed pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window of the company for purchasing/selling or dealing in the shares of the Company shall remain closed from 1st April, 2021 till 48 hours after the declaration of the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended 31st March,2021 to the Stock Exchanges.
  3. Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, it is hereby intimated that the Company has fixed Tuesday, 31st August, 2021 as the record date for the purpose of ascertaining the eligibility of shareholders to the Dividend of Rs. 7/- per Preference Share of face value Rs.100/- each and Re.1/- per Equity Share of face value Rs 10/- each respectively, recommended by the Board of Directors of the Company in their meeting held on 28th June, 2021. If the dividend as recommended by the Board of Directors is approved at the ensuing Annual General Meeting, payment of such dividend will be made within 30 days from the date of approval by the Shareholders in the ensuing Annual General Meeting
  4. The Register of Members and Share Transfer Books shall remain closed from Wednesday, 1st September, 2021 to Tuesday, 7th September, 2021 (both days inclusive) for the purpose of 38th Annual General Meeting and Dividend.
  5. The Thirty-Eighth (38th) Annual General Meeting (AGM) of the Company will be held on Tuesday, 7th September, 2021 at 2:00 p.m. IST through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”) in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.
  6. The remote e-voting period shall commence from Saturday, 4th September, 2021(9:00 A.M) and ends on Monday, 6th September, 2021(5:00 P.M).
  7. The Company has fixed Tuesday, 31st August, 2021 as the “Cut-off Date” for the purpose of determining the members eligible to vote on the resolutions set out in the Notice of the AGM or to attend the AGM.
  8. Pursuant to the Company's Code of Conduct for Prevention of Insider Trading, the Trading Window for dealing in the securities of the Company shall remain closed for ''Designated Persons'' from Thursday July 1, 2021 and the same shall remain closed till 48 hours after announcement of the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ending June 30, 2021 to the stock exchange.
  9. In reference to the Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/655 dated 3 November, 2021 read with SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/687 dated 14" December, 2021 (the “SEBI Circulars”) SEBI has directed that the Listed Companies and their Registrar and Share Transfer Agents (RTA) to collect requisite documents for mandatory updating of PAN, KYC details, Nomination details of all shareholders holding shares in physical form and also compulsory linking of PAN and Aadhar by all shareholders. In this connection it may please be noted that unless the shareholders furnish such KYC details within 31.03.2023, their folios will be frozen by the RTA as per the directive of SEBI and no service request received from the shareholders can be entertained by the Company/RTA. Therefore, in order to avoid freezing of his/her folios, all the shareholders are requested to comply with the following procedure and send the requisite documents as soon as possible ; The forms can be downloaded from Download link

2020

  1. In terms of the Company’s Code of Conduct for prevention of Insider Trading, the trading window of the Company will remain closed for Designated Person (and their Immediate Relatives) from 1st January, 2020. The Trading Window will open 48 hours from the announcement to the Stock Exchanges of the unaudited standalone and consolidated Financial Results of the Company for the quarter ending on 31st December, 2019.
  2. In terms of the Company’s Code of Conduct for prevention of Insider Trading, the trading window of the Company will remain closed for Designated Person (and their Immediate Relatives) from 1st April, 2020. The Trading Window will open 48 hours from the announcement to the Stock Exchanges of the audited standalone and consolidated Financial Results of the Company for the year ending on 31st March, 2020.
  3. In terms of the Company’s Code of Conduct for prevention of Insider Trading, the trading window of the Company will remain closed for Designated Person (and their Immediate Relatives) from 1st April, 2020. The Trading Window will open 48 hours from the announcement to the Stock Exchanges of the audited standalone and consolidated Financial Results of the Company for the year ending on 31st March, 2020.
  4. In terms of Company’s Code of Prevention of Insider trading the trading window for dealing in the securities of the Company shall remain closed from 1st July, 2020 till 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter ending 30th June, 2020 of the Company to the Stock Exchange.
  5. The Company's Internal Code of Conduct for Prevention of Insider Trading framed pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 the trading window of the company will remain closed from 1st October, 2020 till 48 hours after the declaration of the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September, 2020 to the Stock Exchanges.

2019

  1. Ms.Charulata Kabra has resumed her duties as the Compliance Officer in terms of Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with effect from 2nd January, 2019.
  2. Based on a review of the latest developments, the rating committee of ICRA, after due consideration, has reaffirmed the long-term rating for the captioned line of credit (LOC) at [ICRA]BB+ (pronounced ICRA double B plus) and the short-term rating for the captioned LOC at [ICRA]A4+ (pronounced ICRA A four plus). The outlook on the long-term rating has been revised from ‘Stable’ to ‘Negative’.
  3. In terms of the Company’s Code of Conduct to Regulate, Monitor and Report Trading by designated persons framed pursuant to SEBI (Prohibition of Insider Trading)(Amendment) Regulations, 2018 and as per the clarification received from Bombay Stock Exchange, the trading window of the Company will remain closed with immediate effect till the end of 48 hours after the financial results for the Quarter and Financial Year ended March 31 , 2019 become generally available information. The date of the Board Meeting will be intimated in due course.
  4. The 36th Annual General Meeting of the Company is scheduled to be held on Tuesday, 13th August, 2019 at 2:00 P.M at BharatiyaBhashaParishad, Fourth Floor, 36A Shakespeare Sarani, Kolkata-700017.
  5. Pursuant to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company is providing remote e-voting facility to its members. The cut-off date for the purpose of determining members for remote evoting facility is Tuesday, 6th August, 2019.The remote e-voting period shall commence from Saturday, 10th August, 2019 (9:00 A.M) and ends on Monday, 12th August, 2019 (5:00 P.M).
  6. The Register of Members and Share transfer Books shall remain closed from Wednesday, 7th August, 2019 to Tuesday, 13th August, 2019 (both days inclusive) for the purpose of payment of 36th Annual General Meeting.
  7. In terms of the Company’s Code of Conduct for prevention of Insider Trading, the trading window of the Company will remain closed for Designated Employees (and their Immediate Relatives) from 1st July, 2019. The Trading Window will open 48 hours from the announcement to the Stock Exchanges of the unaudited standalone and consolidated Financial Results of the Company for the first quarter ending on 30th June, 2019.
  8. In terms of the Company’s Code of Conduct for prevention of Insider Trading, the trading window of the Company will remain closed for Designated Person (and their Immediate Relatives) from 1st October, 2019. The Trading Window will open 48 hours from the announcement to the Stock Exchanges of the unaudited standalone and consolidated Financial Results of the Company for the quarter ending on 30th September, 2019.

2017

  1. The Board of Directors in their meeting held on 3rd July, 2017 has recommended issue of bonus shares out of General Reserves in the proportion of 2:1 i.e. 2 (two) new equity shares of Rs. 10/- each for every existing 1 (one) equity share of Rs. 10/- each subject to the approval of shareholders in the forthcoming 34th Annual General Meeting. The estimated date by which the bonus shares would be credited /dispatched is August 31, 2017, subject to completion of the rest of the formalities and approvals as and when required.

2016

  1. Ms.Charulata Kabra has been appointed as the Compliance Officer of the Company with effect from 15th January 2016.
  2. The Board of Directors in their meeting held on Monday, 15th February 2016 have appointed Ms. Charulata Kabra, Compliance Officer of the Company as the Company Secretary & Compliance Officer of the Company with immediate effect from 15th February 2016.
  3. Ms.Charulata Kabra, Company Secretary and Compliance Officer has been authorised for disclosing the information as required under Regulation 30(5) of SEBI (LODR) Regulations, 2015 to Stock Exchanges. She may be contacted at email id: compliance@kancotea.in telephone no. (033) 22815217.
  4. The Board has recommended a Dividend of ` 7/- per Preference Share of ` 100/- each and ` 5/- per Equity Share of `. 10/- each i.e. @ 7% and 50% on Face Value of Preference Shares and Equity Shares respectively. The dividend will be paid on 26th August, 2016.
  5. The 33rd Annual General Meeting of the Company is scheduled to be held on Friday, July 29, 2016 at 2:00 P.M at BharatiyaBhashaParishad, 36A Shakespeare Sarani, Kolkata-700017.
  6. Pursuant to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company is providing remote e-voting facility to its members. The cut-off date for the purpose of determining members for remote e-voting facility is Friday, July 22, 2016.The remote e-voting period shall commence from Tuesday, July 26, 2016 (9:00 A.M) and ends on Thursday July 28, 2016 (5:00 P.M).
  7. The Register of Members and Share transfer Books shall remain closed from July 23, 2016 to July 29, 2016 (both days inclusive) for the purpose of payment of Final Dividend & 33rd Annual General Meeting.
  8. The Board of Directors of the Company has decided to pay the Dividend of `. 7/- per Preference Share of `.100/- each and `. 5/- per Equity Share of `.10/- each i.e. @ 7% and 50% on Face Value of Preference Shares and Equity Shares respectively on 5th August, 2016 instead on 26th August, 2016, if declared at the ensuing annual general meeting to be held on 29th July, 2016.

2015

  1. Mr. A K Gangopadhyay, Company Secretary & Compliance Officer of the Company has submitted his resignation. He has been relieved from his official duties at the closing of business hours on January 14, 2015.