Warren Tea Limited shareholders overwhelmingly approved its amalgamation with Maple Hotels & Resorts Limited. The resolution passed with 99.99991% in favour, clearing a major hurdle for the corporate restructuring.

Warren Tea Merger with Maple Hotels Approved by Shareholders

Warren Tea shareholders have overwhelmingly approved the proposed Scheme of Amalgamation with Maple Hotels & Resorts Limited. The resolution received a near-unanimous vote of support.

Votes in Favour: 9,957,207 (99.99991%)
Votes Against: 9 (0.00009%)

What just happened

A court-convened meeting of Warren Tea Limited's equity shareholders concluded on June 18, 2026, with a resolution to amalgamate the company with Maple Hotels & Resorts Limited passing with overwhelming support. This marks a significant step in the corporate restructuring process.

Why this matters

This strong shareholder approval indicates broad agreement on the proposed merger, paving the way for the integration of Warren Tea into Maple Hotels & Resorts. It signifies that a key procedural requirement has been met, moving the company closer to finalization.

The backstory

The amalgamation is being carried out under the Companies Act, 2013. The process requires approvals from shareholders and regulatory bodies like the National Company Law Tribunal (NCLT).

What changes now

With shareholder approval secured, the Board of Directors of Warren Tea has been empowered to proceed with the implementation of the scheme. This includes making necessary modifications as directed by the Tribunal and managing the transfer of assets and liabilities.

Risks to watch

The primary remaining hurdle is the final sanction from the Hon'ble National Company Law Tribunal, Kolkata Bench. Investors should monitor future announcements for the tribunal's order.

Investor Takeaway

The merger is on track after shareholders gave a near-unanimous mandate. Key procedural hurdle cleared, with NCLT approval being the next critical step.