Business
Sale of Chalouni Tea Estate
Camellia Plc announced the sale of its Chalouni Tea Estate by its 74% owned Indian subsidiary, Goodricke Group Limited, for estimated gross proceeds of INR 190 million, approximately £1.47 million. This divestment aligns with the Company's Value Enhancement Plan to improve operational results and reduce risk. Disclaimer*
About this update from Camellia Plc
22 May 2026 Camellia Plc ('Camellia', the 'Company') Sale of Chalouni Tea Estate Further to the announcement on 7 April 2026, Camellia notes the disclosure by Goodricke Group Limited (a 74% owned Indian subsidiary of Camellia) on 21 May 2026 to the Bombay Stock Exchange of the execution of the sale agreement for its Chalouni Tea Estate. Gross proceeds are estimated at INR 190m (c. £1.47m). This sale is in line with the goal of improving operational results and reducing risk as set out in the Company's Value Enhancement Plan. 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.