Acquisition

Dated: 01.07.2026 The Secretary The Secretary National Stock Exchange of India The Calcutta Stock Exchange Limited Limited 7 Lyons Range, Exchange Palza Bandra Kurla Complex Kolkata – 700 001 Mumbai – 400051 SCRIP CODE: 017201 SYMBOL: GROBTEA Subject: Proposed acquisition of Equity Shares of Bazaloni Group Limited Dear Sirs, Pursuant to Regulation 30 of Securities & Exchange Board of India (Listing Obligations & Disclosure Requirement) Regulations 2015,(“SEBI Listing Regulations”) This is to inform that the Board of Directors at its meeting held today, i.e, Wednesday, 1st July, 2026 has approved the Share purchase Agreement (hereinafter referred as “SPA”) entered into with the Bazaloni Group Limited (“Target Company”) and existing shareholders of Bazaloni Group Limited for acquisition of 100 % of its equity shares, pursuant to which Bazaloni Group Limited will become the wholly-owned subsidiary of the Company. The details required SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, has been enclosed as- “Annexure A” We request you to take this on record and to treat the same as compliance with applicable provisions of the listing regulations. Yours faithfully, For, The Grob Tea Company Limited. Neha Singh Company Secretary & Compliance Officer Mem No. A54315 Annexure‐A Disclosure under sub para(1)[i.e, Detail of Acquisition (including agreement to acquire)] of Para A of Part A of Schedule III of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) a) Name of the target entity, details in brief Bazaloni Group Limited, CIN: U01132AS1977PLC001713), such as size, turnover etc.; an Indian company primarily engaged in the business, manufacture and sale of Tea, having an Authorized Share Capital of Rs. 4,00,00,000 divided into 40,00,000 Equity Shares of Rs. 10/‐ each and Paid‐up Share Capital of Rs. 1,59,65,000/‐ divided into 15,96,500 Equity Shares of Rs. 10/‐ each. Turnover: Rs. 52.78. /- Crores (As on 31.03.2026) Net Profit/ Loss: Rs 6.88/- Crores (As on 31.03.2026) b) Whether the acquisition would fall within The transaction would not fall within related party related party transaction(s) and whether transaction. Also, promoter/ promoter group/ group the promoter/ promoter group/ group companies have no interest in acquisition of Bazaloni Group companies have any interest in the entity Limited. They do not hold any shares in the Target being acquired? Company. If yes, nature of interest and details thereof and whether the same is done at "arm’s length" c) Industry to which the entity being Tea Industry acquired belongs d) Objects and effects of acquisition The Company has entered into a Share Purchase agreement (including but not limited to, disclosure of (SPA) on July 1, 2026 with the existing shareholders of reasons for acquisition of target entity, if Bazaloni Group Limited for acquisition of 100 % equity its business is outside the main line of shareholding of the Target Company which is engaged in the business of the listed entity) business of Tea. After acquisition of 100 % shareholding of Bazaloni Group Limited, the target company will become the wholly owned subsidiary of the Company which would enhance company’s growth, revenue and profitability and enable to gain exposure needed to further expands its presence in Tea Industry e) Brief details of any governmental or Not Applicable regulatory approval required for acquisition. f) Indicative time period for completion of Expected upto 31.07.2026 the acquisition g) Nature of consideration ‐ whether cash The total consideration will be paid in cash. consideration or share swap and details of the same h) Cost of acquisition or the price at Rs. 72,16,18,000/- (Rupees Seventy-two Crore Sixteen Lakhs which the shares are acquired Eighteen Thousand Only) The price at which Acquirer will acquire the shareholding of Target Company will be Rs. 452 per share i) Percentage of shareholding / control Entire 15,96,500 equity shares of Rs. 10/‐ (representing 100% acquired and / or number of shares) shares acquired j) Brief background about the entity Brief background about the entity acquired in terms of acquired in terms of products /line of products /line of business acquired: business acquired, date of incorporation, history of last 3 years “Bazaloni Tea Estate” under the flagship of Bazaloni group turnover, country in which the acquired Limited is one of the leading tea estates situated in Assam and entity has presence and any other head quartered in Kolkata. The estate has two separate significant information (in brief) division Rajgarhali and Bazaloni. Together they spread over a sprawling area of 1000 hectares (approx.) under tea cultivation. The company was founded by the Chalmers brothers in 1915 and with years’ bygone has been transformed into one of the leading producer of the most exquisite high quality premium C.T.C. teas with an estimated production of around 3 million kilograms. Each division is backed by its own state of art factory and is fully equipped with all the modern aminities to manufacture premium teas. It caters to the various segments of the industry under the mark Rajarhali and Bazaloni. The company employs over 4000 peoples with well laid out infrastructure including housing, hospitals and schools. Date of Incorporation: 30th June, 1977 Turnover of last 3 years: 2025-2026: Rs. Rs. 52.78 /- Crores 2024-2025: Rs. Rs. 49.99 /- Crores 2023-2024: Rs. Rs. 45.84 /- Crores For, The Grob Tea Company Limited Neha Singh Company Secretary & Compliance Officer Mem No: A54315