Asian Tea & Exports has scheduled its 40th Annual General Meeting for September 28, 2026. The key agenda features a leadership transition as Managing Director Hariram Garg steps down for health reasons, transitioning to the role of Chairman & Non-Executive Director. Mr. Sunil Garg is proposed as the new Managing Director for a five-year term. Shareholders will also vote on re-appointments for key board members.
Asian Tea & Exports Leadership Transition and AGM Notice
- Managing Director Hariram Garg to step down effective September 28, 2026.
- Sunil Garg proposed as new Managing Director for a five-year term.
Reader Takeaway: Smooth succession plan as former MD stays on as Chairman; new leadership appointment seeks five-year tenure.
What just happened
Asian Tea & Exports Limited has released the official notice for its 40th Annual General Meeting, scheduled for September 28, 2026. The company is facilitating the meeting via Video Conferencing and Other Audio-Visual Means. A significant portion of the agenda focuses on a leadership restructuring within the promoter group.
Why this matters
Investors are watching for stability during the leadership transition. Mr. Hariram Garg, the outgoing Managing Director, is transitioning to the role of Chairman and Non-Executive Director. This dual move ensures the company retains his strategic oversight while appointing Mr. Sunil Garg to manage day-to-day executive operations. The company has also proposed the re-appointment of Mrs. Rama Garg as a rotational Director and Mr. Akhil Kumar Manglik as a Non-Executive Independent Director for a second five-year term.
AGM Participation and Voting
Shareholders are advised that the remote e-voting facility opens on September 25, 2026, and concludes on September 27, 2026. The record date for e-voting eligibility is September 21, 2026. The company has closed its books from September 22, 2026, to September 28, 2026, for the purpose of the AGM.