Business
Proposed Sale of Chalouni Tea Estate
Camellia Plc has announced a proposed sale of its Chalouni Tea Estate through its 74% owned Indian subsidiary, Goodricke Group Limited, for 190 million Indian Rupees, pending due diligence. Disclaimer*
About this update from Camellia Plc
7 April 2026 Camellia Plc ('Camellia', the 'Company') Proposed Sale of Chalouni Tea Estate Camellia notes the announcement by Goodricke Group Limited (a 74% owned Indian subsidiary of Camellia) on 6 April 2026 to the Bombay Stock Exchange, of the signing of a memorandum of understanding in connection with the proposed sale of its Chalouni Tea Estate for 190 million Indian Rupees, subject to due diligence. A further announcement will be made if completion occurs. Enquiries: Camellia Plc 01622 746655 / [email protected] Byron Coombs, Chief Executive Oliver Capon, Chief Financial Officer Panmure Liberum (Nominated Adviser and Broker) 020 7886 2500 Emma Earl / Will Goode Rupert Dearden Equitory Limited (Investor Relations) 07909918034 Catherine Miles H/Advisers Maitland (Financial PR) 07785 292617 William Clutterbuck Investors can register to receive updates and news from the Company by registering their email address at [email protected] . About Camellia: Camellia Plc is the ultimate holding company of a group of agricultural businesses incorporated in jurisdictions across the world (the 'Operating Companies'), while also owning and operating other assets outside of agriculture. Camellia's purpose is to grow and nurture agricultural businesses and assets of the highest quality - creating value for today's shareholders, while investing for the long term. Camellia's Operating Companies are committed to working fairly, sustainably and with integrity for the wellbeing of their employees, communities, and the natural environment. The Operating Companies collectively own and manage circa 50,000 hectares of mature land across seven countries (Bangladesh, Brazil, India, Kenya, Malawi, South Africa, and Tanzania). The majority of the Group's revenue is derived from the growing of tea, avocado, macadamia, rubber, wine grapes, blueberries, arable crops, forestry and livestock. The Operating Companies have well-established and industrial-scale operations, with reputations for high-quality products.