Dhunseri Tea & Industries Limited, a prominent player in India's tea sector, has officially disclosed that it has signed a Term Sheet on May 22, 2025, with Madhuting Tea Private Limited for the sale of its Deohall Tea Estate. The deal is valued at ₹23.5 crore, and completion of the transaction is targeted by November 30, 2025.

As per the disclosure made to BSE Limited and National Stock Exchange of India Ltd, the transaction is classified as a related party transaction since Madhuting Tea Private Limited is part of the promoter group of Dhunseri Tea. Mr. Chandra Kumar Dhanuka and Mr. Mayank Beriwala, both directors of Dhunseri, also serve on the board of Madhuting Tea. Despite being a related party deal, the company has emphasized that the transaction is being executed at arm’s length terms.

For the financial year ending March 31, 2025, the Deohall Tea Estate contributed ₹21.92 crore to Dhunseri's overall turnover. The consideration from the sale of ₹23.5 crore thus represents a significant transaction in relation to the estate’s contribution to revenues.

The company further clarified that:

• The sale is not part of any Scheme of Arrangement, and hence Regulation 37A of SEBI (LODR) Regulations is not applicable.

• The transaction does not involve any amalgamation or merger, and the standard disclosures related to such structural changes do not apply here.

This strategic disposal aligns with Dhunseri Tea's broader operational or financial restructuring goals, although the company has not yet disclosed the purpose or use of the proceeds.

The official communication was signed by Mr. R. Mahadevan, Company Secretary of Dhunseri Tea & Industries Ltd, on May 22, 2025, and it was forwarded to both BSE and NSE under their respective codes 538902 and DTIL.

Key Transaction Highlights:

• Seller: Dhunseri Tea & Industries Limited

• Buyer: Madhuting Tea Private Limited

• Asset: Deohall Tea Estate

• Consideration: ₹23.5 crore

• Expected Closure Date: November 30, 2025

• Nature: Related party, arm's length transaction

Dhunseri’s management has reassured shareholders that all regulatory disclosures required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 have been fully complied with.

The move is likely to generate shareholder and investor interest, especially considering the alignment with governance practices and clear disclosure of potential conflict of interest by virtue of the promoter group linkage.

This announcement also reflects Dhunseri’s commitment to transparency and responsible corporate conduct in executing large transactions involving promoter entities.

Further updates or confirmation of closure will be provided as part of ongoing disclosures to the stock exchanges.

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