Warren Tea Ltd. (WARRENTEA) — Tipsheet

Warren Tea's losses widen as cash burn continues ahead of merger

Tipsheet Editorial — Mon, 25 May 2026 16:45:15 GMT

The nano-cap's standalone net loss hit ₹338 lakhs in FY26, swinging from a profit a year earlier. The results were expected given its transition to Maple Hotels.

What’s new

Standalone net loss widened to ₹338 lakhs, versus a ₹64 lakh profit last year.
Consolidated net loss came in at ₹240 lakhs, versus a ₹176 lakh profit last year.
The company has zero operating revenue and is burning cash ahead of a planned merger.

Why it matters

Warren Tea is a shell with no revenue, losing money on exceptional items as it prepares to merge with Maple Hotels & Resorts. The numbers are ugly but expected. The real question is how much cash remains before the deal closes.

What we’re watching

Timeline for the Maple Hotels merger and delisting from Calcutta Stock Exchange.
Any updates on cash reserves or funding needs ahead of the deal.
The 49th AGM and auditor reappointment for any governance signals.

The full read

Warren Tea has no revenue. Its standalone net loss for FY26 was ₹338 lakhs, swinging from a ₹64 lakh profit a year earlier. The consolidated picture is the same: a ₹240 lakhs loss versus a ₹176 lakhs profit. The cash burn is no surprise. The company is in a holding pattern, transitioning to a merger with Maple Hotels & Resorts and planning a voluntary delisting from the Calcutta Stock Exchange. The board also reappointed its statutory auditors and set the date for the 49th AGM, but that's procedure. The numbers confirm what was already priced in: Warren Tea is bleeding money as it waits for the deal to close. The open question is how much runway it has left.

Primary source: BSE · NSE

Warren Tea posts ₹338 lakh loss, but it's old news

Tipsheet Editorial — Mon, 25 May 2026 16:41:17 GMT

A routine results filing for a company already in the process of delisting and merging. The numbers are weak, but not new.

What’s new

Warren Tea's standalone net loss widened to ₹338 lakhs in FY26, versus a ₹64 lakh profit a year prior.
Consolidated net loss came in at ₹240 lakhs, down from a ₹176 lakh profit last year.
The board approved the results and the routine reappointment of statutory auditors.

Why it matters

This is a disclosure box being ticked. Warren Tea is a nano-cap with zero operating revenue, already in a known transition toward a merger with Maple Hotels & Resorts and a voluntary delisting from the Calcutta Stock Exchange. The deterioration was anticipated; the filing confirms it, adding no new strategic information.

What we’re watching

The next steps in the proposed merger with Maple Hotels & Resorts.
The timeline for the voluntary delisting from the Calcutta Stock Exchange.

The full read

Warren Tea reported a standalone net loss of ₹338 lakhs for FY26, swinging from a ₹64 lakh profit the year before. Consolidated, the loss was ₹240 lakhs versus a ₹176 lakh profit. The company has zero operating revenue. These numbers are ugly, but they aren't a surprise. Warren Tea is a nano-cap in the middle of a planned merger with Maple Hotels & Resorts and a voluntary delisting from the Calcutta Stock Exchange. This results filing is a procedural step in that wind-down, confirming the anticipated cash burn. The board also ticked off the routine reappointment of auditors. The news is the company's death, not the size of the loss.

Primary source: BSE · NSE

Warren Tea has no revenue. Its cash is down to ₹21 lakhs.

Tipsheet Editorial — Mon, 25 May 2026 16:37:03 GMT

The nano-cap's full-year loss widened to ₹338 lakhs as it burns through its last cash reserves. Operations remain shut.

What’s new

Warren Tea reported zero revenue from operations for Q4 and FY26.
Standalone net loss widened to ₹338 lakhs from a ₹64 lakh profit, due to ₹177 lakhs in exceptional items.
Cash and equivalents fell to ₹21 lakhs from ₹103 lakhs, a near-total burn.

Why it matters

A company with no core business is funding itself from interest and dividends while its cash runs out. The loss swing was driven by one-off costs, not operational failure. The filing confirms the cash burn continues, with no merger progress.

What we’re watching

Whether the proposed merger with Maple Hotels & Resorts or delisting advances.
The pace of cash burn against the remaining ₹21 lakhs.
Any going-concern language in the upcoming AGM materials.

The full read

Warren Tea has no business. It reported zero revenue from operations for the year ending March 2026. Its income comes entirely from interest and dividends. That wasn't enough. The standalone net loss widened to ₹338 lakhs, swinging from a ₹64 lakh profit, after ₹177 lakhs in exceptional charges. The balance sheet is the real story. Cash fell to ₹21 lakhs from ₹103 lakhs a year ago. The company is burning through its last reserves. The filing also confirms auditor reappointment and an AGM. There is no news on the merger with Maple Hotels or the voluntary delisting from Calcutta Stock Exchange. This is a nano-cap with no operations, dwindling cash, and a plan that remains a plan.

Primary source: BSE · NSE