Promoters of Kesar India Limited executed off-market inter-se transfers of equity shares to their respective Hindu Undivided Families on September 3, 2026. The transactions involved nominal holdings and did not alter the percentage shareholding of the parties.

Gopal Gupta, a promoter, transferred 100 equity shares valued at ₹1,000 to Gopal Chand Gupta HUF. Simultaneously, Sachin Gopal Gupta, a member of the promoter group, transferred 100 equity shares valued at ₹1,000 to Sachin Gupta HUF. Both transfers were classified as gifts to relatives under SEBI (Prohibition of Insider Trading) Regulations, 2015.

Transaction Details

The disclosures were submitted to the Bombay Stock Exchange on September 4, 2026. The table below outlines the changes in holding for the transferring entities:

The receiving entities, Gopal Chand Gupta HUF and Sachin Gupta HUF, held zero shares prior to these transactions. Post-transfer, each HUF holds 100 equity shares, representing 0.00% of the company's total equity. No derivatives trading was reported by any of the involved parties during this period.

Regulatory Disclosure

The company received a disclosure from Gopal Chand Gupta HUF in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirmed the acquisition of 100 equity shares by way of gift from a related party pursuant to an inter-se off-market transaction.

A separate disclosure was also received from Sachin Gupta HUF under the same regulation, confirming the acquisition of 100 equity shares by way of gift from a related party. The total equity share capital of Kesar India Limited remains at 3,25,34,218 equity shares of ₹10 each.

Kesar India Limited shareholders have unanimously approved the issuance of up to 17,31,752 equity shares on a preferential basis through a share swap with Kesar Lands Private Limited. The special resolution was passed at an Extra-Ordinary General Meeting (EGM) held on August 25, 2026.

The meeting commenced at 5:00 pm and concluded at 5:12 pm via Video Conferencing and Other Audio-Visual Means (OAVM), in compliance with Ministry of Corporate Affairs and SEBI circulars. Sachin Gopal Gupta, Managing Director, chaired the proceedings after ensuring the requisite quorum was present.

Voting Results

The company disclosed detailed voting results pursuant to Regulation 44(3) of the SEBI LODR Regulations. A total of 806 shareholders were on record as of August 18, 2026. Of these, 48 shareholders participated in the remote e-voting process, representing a significant portion of the outstanding equity.

Promoter group participation stood at 100%, with all votes cast in favour of the resolution. Institutional investors also showed strong support, with a 91.90% participation rate. No votes were cast against the resolution across any category.

Meeting Attendance

While no shareholders attended the meeting in person or through proxy, 12 shareholders attended via video conferencing. This included two promoters and ten public shareholders. The low physical attendance is consistent with the high uptake of remote e-voting facilities provided by Central Depository Services (India) Limited (CDSL).

Scrutinizer Report

PI & Associates served as the scrutinizer for the voting process. Nitesh Latwal, Partner at PI & Associates, submitted the consolidated scrutinizer's report on August 26, 2026. The report confirmed that the voting process was conducted fairly and transparently, adhering to the Companies Act, 2013, and SEBI regulations. The resolution for the share swap was passed with the requisite majority.