Kesoram industries has announced a special window facility for shareholders to lodge fresh or re-lodge share transfer requests, following regulatory guidelines issued by the Securities and Exchange Board of India. The company published newspaper advertisements on March 19, 2026, in Business Standard and Ek Din to inform stakeholders about this important facility.

Special Window Details

The special window facility has been established pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. This facility provides eligible shareholders with an opportunity to complete pending share transfer processes under specific conditions.

Eligibility and Process

The special window is exclusively available for transfer requests where share transfer deeds were executed prior to April 1, 2019, irrespective of whether they were lodged before April 1, 2019. Eligible shareholders must possess the original security certificate to avail this facility.

Shareholders can submit their transfer requests along with the original security certificate and other requisite documents to the company's Registrar and Share Transfer Agent, MCS Share Transfer Agent Limited (Unit: Kesoram Industries Limited), located at 383 Lake Garden, 1st Floor, Kolkata-700045. The contact numbers provided are 033-40724051-52.

Exclusions and Restrictions

Certain cases will not be considered under this special window facility:

• Cases involving disputes between transferor and transferee
• Securities that have been transferred to Investor Education and Protection Fund (IEPF)

Transfer Conditions

Shares processed under this special window will be subject to specific conditions. The securities will be mandatorily credited to the transferee only in demat mode and will remain under lock-in for a period of one year from the date of registration of transfer. During this lock-in period, these securities cannot be transferred, lien-marked, or pledged.

Corporate Communication

The announcement was signed by Snehaa Shaw, Company Secretary and Compliance Officer, and has been communicated to major stock exchanges including BSE Ltd., National Stock Exchange of India Ltd., and The Calcutta Stock Exchange Ltd. The information is also available on the company's website at www.kesocorp.com .

Kesoram Industries Limited is the subject of an open offer by Frontier Warehousing Limited, with the tendering period officially commencing on February 26, 2026. The offer represents a significant corporate development in the Indian industrial sector, with comprehensive regulatory compliance and transparent pricing mechanisms.

Open Offer Structure and Pricing

Frontier Warehousing Limited is acquiring up to 8,07,72,600 fully paid-up equity shares of ₹10 each at ₹5.48 per equity share, representing 26.00% of the voting share capital. The offer follows a structured timeline with key regulatory milestones already completed.

Independent Directors' Recommendation

The Committee of Independent Directors has issued a favorable recommendation on the offer. The IDC considers the offer price fair and reasonable, based on regulatory compliance and comparative analysis. The recommendation highlights that the ₹5.48 offer price exceeds the negotiated acquisition price of ₹4.00 per equity share and equals the volume-weighted average market price during the 60 trading days preceding the public announcement.

Financial Position of Key Entities

Frontier Warehousing Limited demonstrates strong financial capacity to execute the acquisition. The acquirer operates 19 lakh square feet of warehouse space and maintains diversified business interests across storage, logistics, and industrial development.

Shareholding and Compliance Framework

The acquirer maintains a promoter-driven shareholding structure with 83.93% promoter holding and 16.07% public shareholding. The target company demonstrates regulatory compliance with stock exchanges, with only minor historical penalties addressed. The offer includes comprehensive mechanisms for both physical and dematerialized share tendering through registered stockbrokers.

Participation and Settlement Process

Public shareholders can participate through stock exchange mechanisms during normal trading hours. The offer provides detailed procedures for both physical and dematerialized shareholdings, with specific documentation requirements and settlement timelines extending to March 30, 2026 for final consideration payment and share transfers.