Norben Tea & Exports logo

Norben Tea & Exports CEO, MD, chairman, board of directors and AGM

NSE: NORBTEAEXPBSE: 519528Agricultural Food & other ProductsSmall Cap

Last close ₹57.61down ₹0.37 (0.64%)BSE ₹55.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹57.98.

52-week range of traded prices to 23 Oct 2026
₹52.30Low, 22 Oct 2026₹99.35High, 2 Jan 2026
Market cap
₹90 Cr2,726th largest listed
P/E
Lossover the last 12 months
P/B
4.8
Dividend yield
Nonein the last 12 months
ROE
−1.5%
ROCE
2.7%
Debt to equity
0.47
Volume, NSE
2,79565.1% delivered

Norben Tea & Exports board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing director and CEOMANOJ KUMAR DAGA

6 directors4 independent1 executive1 non-executive

  • MANOJ KUMAR DAGA · Chairperson and managing director and CEOExecutive · joined Apr 1994 · reappointed Apr 2024 · 2 listed boards · 2 committee seats, 1 as chair
  • ASHOK VARDHAN BAGREE · Shareholder DirectorIndependent · joined Aug 2024 · reappointed Aug 2024 · 25 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 3 as chair
  • BALKRISHAN AGARWALNon-executive · joined Nov 2019 · 1 listed board · 2 committee seats
  • DEEPAK TIWARI · Shareholder DirectorIndependent · joined Aug 2020 · reappointed Jul 2025 · 73 months as independent · 2 listed boards · 2 as independent
  • KOMAL BHOTIKA · Shareholder DirectorIndependent · joined Aug 2024 · reappointed Aug 2024 · 25 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 1 as chair
  • RASHMI SHARMA · Shareholder DirectorIndependent · joined May 2025 · reappointed May 2025 · 17 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • TANUSREE CHATTERJEE, left 5 Jul 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 29 Sep 20266 of 6 present4 independent · 47 days in between
    • 12 Aug 20265 of 6 present4 independent · 77 days in between
    • 26 May 20265 of 6 present3 independent · no day in between
    • 25 May 20266 of 6 present4 independent

  • Audit Committee

    Chair ASHOK VARDHAN BAGREE

    KOMAL BHOTIKA, BALKRISHAN AGARWAL

    • 12 Aug 20263 of 3 present2 independent · 77 days in between
    • 26 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair ASHOK VARDHAN BAGREE

    KOMAL BHOTIKA, BALKRISHAN AGARWAL

    • 26 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair ASHOK VARDHAN BAGREE

    MANOJ KUMAR DAGA, BALKRISHAN AGARWAL, KOMAL BHOTIKA

    • 26 May 20264 of 4 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • A O Mittal & AssociatesPeer-review certificate valid to Sep 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Norben Tea & Exports AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Norben Tea & Exports share news and announcements

Annual general meeting, 3 Jul 2026

24,712 shareholders on the register on 26 Jun 2026; present: 9 promoters and 45 others; votes counted by AJAY KUMAR AGARWAL / AGARWAL A & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 41.25% · promoters 100.00% · institutions 0.00% · other public 3.86%

  2. To appoint Mr. Manoj Kumar Daga (DIN: 00123386), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 41.25% · promoters 100.00% · institutions 0.00% · other public 3.86%

  3. Prior Approval for Related Party Transactions with M/s Tongani Tea Company Ltd., repetitive in nature and in the ordinary course of business of the Company for the next 12 months period
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 41.25% · promoters 100.00% · institutions 0.00% · other public 3.86%

  4. Prior Approval for Related Party Transactions with M/s Mangalam Products Pvt. Ltd., repetitive in nature and in the ordinary course of business of the Company for the next 12 months period
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 41.25% · promoters 100.00% · institutions 0.00% · other public 3.86%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 5 Jul 2025, 7 resolutions

25,600 shareholders on the register on 28 Jun 2025; present: 8 promoters and 46 others; votes counted by AJAY KUMAR AGARWAL / AGARWAL A & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 44.95% · promoters 90.28% · institutions 0.00% · other public 5.38%

  2. To appoint Mr. Balkrishan Agarwal (DIN: 08599472), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 44.95% · promoters 90.28% · institutions 0.00% · other public 5.38%

  3. To re-appoint Mr. Deepak Tiwari (DIN: 08839075), as an Independent Director of the Company, not liable to retire by rotation, for a 2nd term of 5 consecutive years commencing from the conclusion of this Annual General Meeting till the Annual General Meeting for the Financial Year ended 31st March, 2030.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 44.95% · promoters 90.28% · institutions 0.00% · other public 5.38%

  4. Appointment of Mrs. Rashmi Sharma (DIN: 11121866), as an Independent Director of the Company, not liable to retire by rotation for a 1st term of 5 consecutive years commmecning from the conclusion of this Annual General Meeting till the Conclusion of Annual General Meeting for the Financial year ended 31st March, 2030.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 44.95% · promoters 90.28% · institutions 0.00% · other public 5.38%

  5. Prior Approval for Related Party Transactions with M/s Tongani Tea Co. Ltd., repetitive in nature and in the ordinary course of business of the Company for the next 12 months period
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 2.84% · promoters 0.00% · institutions 0.00% · other public 5.32%

  6. Prior Approval for Related Party Transactions with M/s Mangalam Products Pvt. Ltd., repetitive in nature and in the ordinary course of business of the Company for the next 12 months period
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 2.84% · promoters 0.00% · institutions 0.00% · other public 5.32%

  7. To Appoint CS Ajay Kumar Agarwal of M/s Agarwal A & Associates as the Secretarial Auditor of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 44.95% · promoters 90.28% · institutions 0.00% · other public 5.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 30 Dec 2024, 2 resolutions

26,125 shareholders on the register on 23 Dec 2024; present: 9 promoters and 32 others; votes counted by AJAY KUMAR AGARWAL / AGARWAL A & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To increse the Authorized Share Capital and Alteration of the Capital Clause of the Memorandum of Association of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 54.66% · promoters 100.00% · institutions 0.00% · other public 6.64%

  2. To consider and approve Issuance of Warrants Cpnvertible into Equity Shares on Preferential Basis to Non Promoters.
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.65%

    Turnout: all 54.66% · promoters 100.00% · institutions 0.00% · other public 6.64%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 9 Aug 2024, 7 resolutions

Present: 9 promoters and 51 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.88%

    Turnout: all 55.70% · promoters 100.00% · institutions 0.00% · other public 8.79%

  2. To appoint Mr. Manoj Kumar Daga (DIN: 00123386), who retires by rotation and being eligible, offers himself for re-appointment as a Director.
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.88%

    Turnout: all 54.28% · promoters 97.25% · institutions 0.00% · other public 8.79%

  3. To appoint the Statutory Auditors and to fix their remuneration.
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.88%

    Turnout: all 55.70% · promoters 100.00% · institutions 0.00% · other public 8.79%

  4. Appointment of Mr. Ashok Vardhan Bagree (holding DIN: 00421623), as an Independent Director.
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.89%

    Turnout: all 55.68% · promoters 100.00% · institutions 0.00% · other public 8.75%

  5. Appointment of Ms. Komal Bhotika (holding DIN: 08845578), as an Independent Director
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.88%

    Turnout: all 55.70% · promoters 100.00% · institutions 0.00% · other public 8.79%

  6. Prior Approval for Related Party Transactions with M/s Tongani Tea Co. Ltd., repetitive in nature and in the ordinary course of business of the Company for the next 12 months period
    OrdinaryPromoters have an interest in it
    99.11% for0.89% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.89%

    Turnout: all 4.24% · promoters 0.00% · institutions 0.00% · other public 8.75%

  7. Prior Approval for Related Party Transactions with M/s Mangalam Products Pvt. Ltd., repetitive in nature and in the ordinary course of business of the Company for the next 12 months period
    OrdinaryPromoters have an interest in it
    99.11% for0.89% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.89%

    Turnout: all 4.25% · promoters 0.00% · institutions 0.00% · other public 8.78%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 15 Mar 2024, 2 resolutions

Present: 9 promoters and 48 others.The company's voting result (opens in a new tab)

  1. To ratify and approve Related Party Transactions undertaken during the ordinary course of business of the Company for the financial year 2023-24
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 3.17% · promoters 0.00% · institutions 0.00% · other public 6.55%

  2. Prior Approval for Related Party Transactions repetitive in nature and in the ordinary course of business of the Company for the financial year 2024-25
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 3.17% · promoters 0.00% · institutions 0.00% · other public 6.55%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 1 Nov 2023, 1 resolution

Present: 9 promoters and 41 others.The company's voting result (opens in a new tab)

  1. To appoint the Auditors and to fix their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 54.63% · promoters 100.00% · institutions 0.00% · other public 6.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Jul 2023, 3 resolutions

Present: 8 promoters and 58 others.The company's voting result (opens in a new tab)

  1. To receive,Consider and adopt the Audited Financial Statements of the Company for the year ended on 31st March, 2023 together with the Report of the Board of Directors and Auditors thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 54.63% · promoters 100.00% · institutions 0.00% · other public 6.58%

  2. To appoint as a Director of the Company, Liable to retires by rotation Mr. Balkrishan Agarwal (DIN: 08599472). Who being eligible offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 54.63% · promoters 100.00% · institutions 0.00% · other public 6.58%

  3. To re-appoint Mr. Manoj Kumar Daga (DIN: 00123386) as Managing Director of the company for a period of five years with effect from 1st April, 2024.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 54.63% · promoters 100.00% · institutions 0.00% · other public 6.58%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Jul 2022, 2 resolutions

Present: 9 promoters and 39 others.The company's voting result (opens in a new tab)

  1. TO RECEIVE ,CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENT OF THE COMPANY FOR THE YEAR ENDED ON 31ST MARCH 2022 TOGETHER WITH THE REPORT OF THE BOARD OF DIRECTORS AND AUDITORS THEREON.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 54.66% · promoters 100.00% · institutions 0.00% · other public 6.63%

  2. TO APPOINT AS A DIRECTOR OF THE COMPANY,LIABLE TO RETIRES BY ROTATION MR.MANOJ KUMAR DAGA (DIN:00123386),WHO BEING ELIGIBLE OFFERS HIMSELF FOR RE-APPOINTMENT.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 54.66% · promoters 100.00% · institutions 0.00% · other public 6.63%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeIncome Tax DepartmentSince 15 Mar 2017
    There is no update in the ongoing dispute since the last disclosure.
    At the filing before: Appeal was pending before the Hon'ble CIT(A) , Kolkata.Order u/s 154 of the Income tax Act,1961 For Disallowance of expenses u/s 14A.Appeal is pending before the Hon'ble CIT(A) , Kolkata.There is no update in the ongoing dispute since the last disclosure.MoreLess
  • Tax disputeIncome Tax DepartmentSince 15 Mar 2016
    Appeal is pending before the Hon'ble CIT(A) , Kolkata.Also there is no update in the ongoing dispute since the last disclosure.
    At the filing before: Appeal is pending before the Hon'ble CIT(A) , Kolkata.
  • Tax disputeIncome Tax DepartmentSince 27 Dec 2016
    ITAT passed order on 11.09.2024. The matter was set aside by ITAT
  • Tax disputeIncome Tax DepartmentSince 26 Jun 2019
    The appeal has been withdrawn.
  • Tax disputeIncome Tax DepartmentSince 6 Jan 2025
    Appeal pending before CIT(A).
    At the filing before: Order u/s 147 of IT Act 1961 for disallowance of interest payment.Appeal pending before CIT(A).

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Dec 2024.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.