Kesoram Industries Limited reported a consolidated loss of ₹8,813.24 lakhs for the financial year ended March 31, 2026, a significant decline from the profit of ₹5,43,151.51 lakhs recorded in the previous year. The company’s standalone financial statements reflected a loss of ₹20,686.58 lakhs, driven largely by exceptional items and challenging business conditions at its wholly-owned subsidiary, Cygnet Industries Limited.

The company’s consolidated revenue from operations for the year stood at ₹30,333.63 lakhs. The standalone income, comprising interest and other miscellaneous income, was ₹5,073.19 lakhs. The consolidated performance remained under pressure primarily due to the losses incurred by Cygnet Industries, which operates the Rayon, Transparent Paper, and Chemicals businesses.

Financial Performance

The following table summarizes the key financial metrics for the year:

The exceptional items for the year amounted to ₹24,215.49 lakhs. These included a provision for impairment of investments and loans in Cygnet Industries Limited amounting to ₹15,619.32 lakhs, a provision of ₹4,172.11 lakhs for the re-measurement of factory land at the Kesoram Spun Pipes and Foundries unit, and a waiver of accumulated interest of ₹4,424.06 lakhs on loans given to the subsidiary.

Operational Review

Post the demerger of its cement business, Kesoram Industries operates as a holding company with its performance dependent on Cygnet Industries Limited. The subsidiary faced challenging business conditions during the year, resulting in losses. Cygnet Industries reported a total income of ₹25,269.48 lakhs and a loss of ₹3,745.98 lakhs for the year, compared to an income of ₹27,061.76 lakhs and a loss of ₹5,637.69 lakhs in the previous year.

Strategic Developments

A significant development during the year was the announcement of an open offer under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Certain members of the Promoter and Promoter Group entered into a Share Purchase Agreement with Frontier Warehousing Limited for the transfer of equity shares. Subject to the completion of the regulatory process, the company is expected to undergo a change in control and management.

Corporate Governance

The company’s Board of Directors has upheld high standards of corporate governance and regulatory compliance. The statutory auditors, Walker Chandiok & Co. LLP, issued an unqualified report, stating that the financial statements give a true and fair view of the company's state of affairs. The company has also complied with all applicable Secretarial Standards issued by the Institute of Company Secretaries of India.

No dividend has been proposed for the year in view of the loss and the non-availability of any carry forward surplus.

kesoram industries will hold its 107th Annual General Meeting (AGM) on Tuesday, August 18, 2026, at 11.30 AM (IST) via Video Conference (VC) and Other Audio Visual Means (OAVM). The meeting will be conducted in compliance with the Companies Act, 2013 and relevant circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). National Securities Depository Limited (NSDL) is providing the facility for the virtual meeting.

The Board of Directors has appointed Ms. Ritu Bajaj, a Practising Company Secretary with CP Registration No. 11933, as the Scrutinizer to oversee the remote e-voting process. Members participating through VC or OAVM will be counted for the purpose of quorum under Section 103 of the Companies Act, 2013.

Remote E-Voting Schedule

The company has enabled a remote e-voting facility to allow members to cast votes on resolutions set out in the AGM notice. The voting window will remain open for a specific period before the meeting concludes.

Notice and Annual Report Availability

The electronic copy of the AGM notice and the Annual Report for the Financial Year 2025-26 are available on the company’s website at www.kesocorp.com and the NSDL website at www.evoting.nsdl.com . These documents are also accessible on the websites of BSE Limited and National Stock Exchange of India Limited.

The company will not dispatch physical copies of the notice or Annual Report to members as part of its green initiatives and in adherence to MCA circulars. However, physical copies will be provided upon specific request from members.

Shareholder Instructions

The AGM notice and Annual Report will be sent electronically only to members whose email addresses are registered with the company, the Registrar & Share Transfer Agent (RTA), or Depository Participants (DPs). Members holding shares in physical form or those who have not registered their email addresses must send their details, including Name, Folio No., and a self-attested copy of their PAN Card, to the RTA, MCS Share Transfer Agent Ltd., at mcssta@rediffmail.com by 5.00 PM (IST) on August 11, 2026. This step is necessary to receive the notice, Annual Report, and login credentials for e-voting. Members holding shares in demat form should update their email details with their respective DPs.