Archive · 27 Aug 2026
BBTC Shares Jump After Supreme Court Removes Lease-Rent Observation
BBTC is a company that owns or operates businesses connected with tea and other activities.
Its shares rose by almost 15% during early trading.
This happened after the Supreme Court removed an earlier statement about a large lease-rent payment.
The earlier statement said BBTC owed Rs 4,655 crore to the Tamil Nadu government.
BBTC said the issue was not part of the court case and that it had not received a formal demand.
The court agreed that the amount had not been officially determined after hearing BBTC.
The case concerns an old tea estate in Singampatti, Tamil Nadu.
BBTC also reported higher profits and revenue for the June quarter.
BBTC shares rose nearly 15% in early trade after a Supreme Court observation on lease rent was expunged.
The earlier order had said Rs 4,655 crore remained recoverable by the Tamil Nadu government from BBTC.
The Supreme Court said the amount had not been notified, finally determined, or assessed after giving BBTC a hearing.
The proceedings involve BBTC’s former tea estate in Singampatti, Tamil Nadu.
BBTC reported a 19.72% year-on-year rise in Q1 FY27 consolidated net profit to Rs 288.16 crore.
- Who
- Bombay Burmah Trading Corporation (BBTC), the Supreme Court of India, and the Tamil Nadu government.
- What
- BBTC shares jumped nearly 15% after the Supreme Court expunged an earlier observation concerning Rs 4,655.24 crore in lease rent; the company also reported stronger quarterly results.
- When
- The Supreme Court issued its recall order on August 19; BBTC reported results for Q1 FY27.
- Where
- The proceedings concern BBTC’s erstwhile tea estate in Singampatti, Tamil Nadu.
- Why
- The court found that the lease-rent amount had not been formally notified or finally determined after giving BBTC an opportunity to be heard; BBTC also reported higher profit and revenue.
- Share movement
- BBTC shares jumped nearly 15% in early trade.
- Lease-rent amount
- Rs 4,655.24 crore was previously described as recoverable by the Tamil Nadu government.
- Court action
- The Supreme Court recalled and expunged the earlier observation.
- Q1 FY27 net profit
- Rs 288.16 crore, up 19.72% year on year.
- Q1 FY27 revenue
- Rs 5,088.69 crore, up 7.99% year on year.
- Earlier-year profit
- Rs 240.70 crore in the corresponding quarter.
- Earlier-year revenue
- Rs 4,711.91 crore in the corresponding quarter.