1. Tea business consolidation - The acquisition of a 45.77% stake in Dhunseri Tea & Industries Ltd (DTIL) was completed by 10 March 2025, taking the group’s holding to 54.56% and making DTIL a subsidiary. This transforms the company from a passive investment vehicle into a controlling consolidator of a global plantation business, bringing tea and macadamia operations fully onto its books.
2. Treasury portfolio expansion - Management highlights that Indian NBFCs recorded 20% credit growth in FY25, with the sector’s total balance sheet rising 20% to ₹28.2 lakh crore. A growing loan book in the treasury segment directly lifts interest income, which has historically carried a PBIT margin above 130% (Fundamentals snapshot).
3. Portfolio reorganisation complete - The simultaneous sale of the 8.79% stake in Dhunseri Ventures Limited to DIL, executed alongside the DTIL purchase, streamlines the investment portfolio into a focused two-segment structure. Removing a minority holding simplifies consolidated reporting and lets management concentrate capital and attention on the controlled tea subsidiary.
4. Mauritius subsidiary winding up - The board of sub-subsidiary Dhunseri Mauritius Pte Limited applied for its winding up during the year. Closing this entity eliminates administrative costs and residual cash drains from a non-core offshore structure, freeing up resources for the main operating segments.