Kesar Terminals & Infrastructure has recently undergone a change in its shareholding structure. Kesar Enterprises Limited has disposed of a portion of its stake through an inter-se transfer, altering the ownership structure of the company.

Key Details of the Transaction

Impact on Shareholding

The inter-se transfer has resulted in a shift in the ownership structure of Kesar Terminals & Infrastructure. Following the transaction:

This transfer represents a strategic move within the corporate structure, potentially aimed at consolidating ownership or optimizing the group's portfolio. Inter-se transfers are common among related parties or promoter groups and often do not significantly impact the overall control of the company.

It's important to note that while this transaction alters the direct shareholding of Kesar Enterprises Limited in Kesar Terminals & Infrastructure, it may not necessarily change the ultimate beneficial ownership if Amrish Rajnikant Kilachand Ltd is part of the same promoter group.

Investors and market participants may want to monitor any further disclosures or announcements from the companies involved for additional context or implications of this share transfer.

Kesar Terminals & Infrastructure Limited (KTIL) has reported a significant net loss of Rs 3,564.75 crore for the quarter ended September 30, 2025, primarily due to an exceptional loss from the sale of its subsidiary. This marks a stark contrast to the profit of Rs 42.09 crore recorded in the same quarter of the previous year.

Key Financial Highlights

• Revenue from Operations: Rs 858.56 crore, up from Rs 793.86 crore in Q2 FY2025
• Total Income: Rs 893.40 crore, compared to Rs 805.05 crore in the year-ago period
• Exceptional Loss: Rs 3,648.83 crore from the sale of subsidiary

Subsidiary Divestment

The company completed the transfer of its 100% equity and preference stake in Kesar Multimodal Logistics Limited (KMLL) to DP World Multimodal Logistics Pvt Ltd on September 10, 2025. This transaction resulted in an exceptional loss of Rs 3,648.83 crore, significantly impacting the quarter's bottom line.

Debt Resolution and Corporate Guarantee

Following the sale, KMLL's bank dues have been fully paid off, and No Dues Certificates have been received from the lenders. Consequently, KTIL no longer bears any liability as a corporate guarantor. An Original Application filed by one of KMLL's lenders before the Debt Recovery Tribunal in Jabalpur is expected to be withdrawn shortly.

Financial Position

Ongoing Legal Matter

KTIL is currently engaged in a legal dispute with Deendayal Port Trust (DPT) regarding transfer fees and lease rent increases for leasehold lands. The company has filed a Special Leave Petition in the Supreme Court of India against an order by the Gujarat High Court. Pending the Supreme Court's decision, no provisions or adjustments have been made in the financial results concerning this matter.

Segment Information

The company continues to operate solely in the Bulk Liquid Storage Business at Kandla, with no other reportable segments as per Ind AS 108 - Operating Segments.

Auditor's Review

The statutory auditors have reviewed the financial results, noting the ongoing litigation with DPT as a basis for qualified conclusion. They highlighted that the final outcome of this matter may impact the company's profits, right to use lease assets, and lease liabilities.

Despite the substantial loss this quarter, KTIL's operational revenue has shown improvement. The company's focus now appears to be on stabilizing its operations post the divestment of KMLL and resolving the ongoing legal matters with DPT.