However, there have been series of significant changes in the overall market scenario during 2019-2023 like vagaries of weather due to climate changes, severe pest infestation, significant rise in labour wages and also the pandemic. To combat the adverse situations, the Company has disposed off all of its tea estates and this monetization is to consolidate and strengthen its financial position including containment and optimization of liabilities including borrowings and inspiring the overall performance of the Company.

The Company shall be venturing into new areas of business i.e.

• Retail/Consumer Marketing in selected district in Northern India, Rajasthan, Uttar Pradesh, Haryana and Punjab.
• To carry on tea business as a Merchant Exporters to Gulf/CIS/Eastern European Countries.
• Any other business activities in accordance with the objectives defined in the Memorandum and Articles of Association of the Company.