Warren Tea has no revenue. Its cash is down to ₹21 lakhs.
The nano-cap's full-year loss widened to ₹338 lakhs as it burns through its last cash reserves. Operations remain shut.
— 2 earlier stories on Warren Tea Ltd. →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 this 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.
Questions answered
- What is Warren Tea's primary revenue source?
- It has no operational revenue. All income for FY26 came from 'other sources' such as interest and dividends.
- Why did the net loss swing from a profit?
- The swing was caused by ₹177 lakhs in exceptional items. The company would have reported a loss even without them, due to zero operational revenue.
- How much cash does the company have left?
- Cash and equivalents fell to ₹21 lakhs, down from ₹103 lakhs a year earlier. The filing does not specify a timeline for the burn.
- Does the filing update the merger with Maple Hotels?
- No. It confirms the financials and administrative items like auditor reappointment. The merger and delisting plans receive no mention.
Story so far
All notes on WARRENTEA →- 25 May 2026 · 4:37 PM IST Warren Tea has no revenue. Its cash is down to ₹21 lakhs.
- 42d ago Warren Tea's losses widen as cash burn continues ahead of merger
- 42d ago Warren Tea posts ₹338 lakh loss, but it's old news