Kesoram Industries has notified the stock exchanges of an upcoming Board of Directors meeting, in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting is scheduled for Wednesday, May 20, 2026, and will deliberate on the company's audited financial results for the quarter ended March 31, 2026.

Board Meeting Details

The following table summarises the key details of the scheduled board meeting:

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's own Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders, Kesoram Industries has enforced a trading window closure for all Designated Persons. This closure applies to:

• Designated Persons, including Promoters and the Promoter Group
• Immediate relatives of the above-mentioned persons

The trading window was closed effective April 1, 2026, as communicated to the stock exchanges vide the company's letter dated March 25, 2026. It will remain closed until the expiry of 48 hours after the announcement of the audited financial results to the stock exchanges.

Regulatory Compliance

The intimation was issued by Snehaa Shaw, Company Secretary and Compliance Officer of Kesoram Industries, on May 13, 2026. The communication was addressed to BSE Ltd., the National Stock Exchange of India Ltd., and The Calcutta Stock Exchange Ltd., fulfilling the company's disclosure obligations under applicable SEBI regulations.

Kesoram Industries Limited has successfully secured a major reduction in its income tax demand, bringing relief to the company and its stakeholders. The development represents a significant victory in the company's ongoing tax proceedings with authorities.

Substantial Tax Demand Reduction

The company achieved a remarkable 91% reduction in its income tax liability through effective representation before tax authorities. The following table summarizes the key details of this tax relief:

Legal Proceedings and Company Response

The company had initially received an Income Tax Assessment Order under section 143(3) read with section 144B of the Income Tax Act, 1961, which resulted in the original demand of ₹70.54 crores. Following the receipt of this assessment order, Kesoram Industries promptly represented against the demand before the appropriate tax authorities.

The company's proactive approach in challenging the assessment has yielded positive results, with authorities accepting the company's representations and significantly reducing the demand. The revised order reflects the effectiveness of the company's tax compliance and legal strategy.

Future Course of Action

Kesoram Industries is currently examining the revised order in detail to understand the basis for the remaining demand of ₹6.03 crores. The company is evaluating appropriate further legal remedies, if required, to address the balance demand amount.

This measured approach demonstrates the company's commitment to ensuring proper compliance while protecting shareholder interests through legitimate legal channels.

Operational Impact Assessment

The company has confirmed that there will be no material adverse impact on its operations due to this tax matter. This assurance provides confidence to stakeholders that the company's business activities will continue unaffected by these proceedings.

The significant reduction in tax liability also improves the company's financial position and reduces potential cash flow pressures that could have resulted from the original higher demand.