Outcome of Board Meeting

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: Outcome of Board Meeting held on 1st July, 2026 Meeting Commencement Time 02:00 P.M Meeting Conclusion Time 04:30 P.M. Dear Sirs, Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirement) Regulations 2015, This is to inform that the Board of Directors at its meeting held today, i.e, Wednesday, 1st July, 2026 have inter-alia, transacted the following items: 1. Considered and approved the execution of the Share Purchase Agreement (“SPA”) between The Grob Tea Company Limited (“Acquirer”) and the existing shareholders of Bazaloni Group Limited (“Target Company”) for the acquisition of 100% of the equity shares capital of the Bazaloni Group Limited The Board further noted that pursuant to the approval granted at its meeting held on 25th November, 2025, a Memorandum of Understanding (“MoU”) had been executed with respect to the proposed acquisition. The Board noted that the proposed acquisition could not be completed by 31st March, 2026 as envisaged under the due to procedural and documentation related requirements. The board further noted that the parties have mutually agreed to proceed with the revised timeline, and accordingly, the SPA now records the final and binding terms and conditions governing the acquisition. Upon completion of the acquisition in accordance with the term and conditions of SPA and fulfilment of the closing obligations, the company shall acquire 100% of the equity shares from its existing shareholders of Target Company, pursuant to which Bazaloni Group Limited (“Target Company”) will become a 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”. 2. Authorizing Mr. Pradeep Kumar Agarwal, the Managing Director of the Company to execute the Share Purchase Agreement (SPA) and other necessary documents and to complete all acts, deeds and formalities in connection with the acquisition on behalf of the company. You are requested to take the above information on record 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 such Bazaloni Group Limited, CIN: U01132AS1977PLC001713), an as size, turnover etc.; 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 transaction. related party transaction(s) and whether the Also, promoter/ promoter group/ group companies have no interest promoter/ promoter group/ group companies in acquisition of Bazaloni Group Limited. They do not hold any have any interest in the entity being acquired? shares in the Target 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 (including The Company has entered into a Share Purchase agreement (SPA) but not limited to, disclosure of reasons for on July 1, 2026 with the existing shareholders of Bazaloni Group acquisition of target entity, if its business is Limited for acquisition of 100 % equity shareholding of the Target outside the main line of business of the listed Company which is engaged in the business of Tea. entity) 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 which the Rs. 72,16,18,000/- (Rupees Seventy-two Crore Sixteen Lakhs Eighteen shares are acquired 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% shares) acquired and / or number of shares acquired j) Brief background about the entity acquired in Brief background about the entity acquired in terms of products /line terms of products /line of business acquired, of business acquired: date of incorporation, history of last 3 years turnover, country in which the acquired entity “Bazaloni Tea Estate” under the flagship of Bazaloni group Limited is has presence and any other significant one of the leading tea estates situated in Assam and head quartered information (in brief) in Kolkata. The estate has two separate 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