Kanco Tea & Industries announced that the Board of Directors of the Company at its meeting held on 30 May 2023, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Kanco Tea & Industries announced that the 40th Annual General Meeting (AGM) of the company will be held on 27 July 2023.

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Net Loss of Kanco Tea & Industries reported to Rs 10.42 crore in the quarter ended March 2023 as against net loss of Rs 20.35 crore during the previous quarter ended March 2022. Sales declined 30.06% to Rs 2.49 crore in the quarter ended March 2023 as against Rs 3.56 crore during the previous quarter ended March 2022.

For the full year,net profit rose 130.00% to Rs 8.74 crore in the year ended March 2023 as against Rs 3.80 crore during the previous year ended March 2022. Sales rose 26.83% to Rs 105.84 crore in the year ended March 2023 as against Rs 83.45 crore during the previous year ended March 2022.

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Kanco Tea & Industries will hold a meeting of the Board of Directors of the Company on 30 May 2023.

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