Kesar India Limited , a company currently listed on the SME platform, has announced significant corporate actions that could reshape its market presence and asset portfolio. The company's board of directors has approved two major decisions that are now subject to shareholder approval.

Migration to Main Boards

In a move that signals the company's growth and ambition, Kesar India's board has given the green light for the migration of its securities from the SME Platform of BSE Limited to the Main Boards of both BSE and the National Stock Exchange of India Limited (NSE). This decision was made in accordance with Regulation 277 read with Regulation 280(2) and other applicable regulations of the SEBI (ICDR) Regulations, 2018, as well as SEBI-LODR and other securities laws.

The migration, if approved by shareholders and regulatory bodies, could potentially increase the company's visibility and trading volumes, offering greater liquidity to its investors.

Proposed Land Sale in Nagpur

In addition to the migration plan, the board has also approved a proposal for the sale of land parcels. The company is seeking shareholder approval to sell approximately 19.11 hectares of land located in Mauza Takli, Tahsil Hingna, District Nagpur.

Shareholder Approval Process

To facilitate these significant decisions, Kesar India's board has approved the following measures:

1. A draft of the Postal Ballot Notice to be sent to all company members.
2. The appointment of M/s. Vishal Thawani & Associates, Practising Company Secretaries, as the Scrutinizer for carrying out the Postal Ballot Process through Remote E-voting.

These corporate actions, if approved, could mark a new chapter in Kesar India's corporate journey, potentially enhancing its market position and optimizing its asset portfolio.

Investors and stakeholders are advised to keep an eye on the upcoming Postal Ballot for further details and to exercise their voting rights on these crucial matters.

Kesar India Limited , a company listed on the BSE with scrip code 543542, has announced a strategic land acquisition as part of its expansion plans. The company has purchased approximately 0.81 hectares (8,100 square meters) of land in Nagpur, Maharashtra.

Land Acquisition Details

The newly acquired land is located at Survey/Khasra No. 56/2 in Mouza Kotewada, Tehsil Hingna, District Nagpur, Maharashtra. This acquisition aligns with the company's growth strategy and could potentially enhance its operational capabilities in the region.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, Kesar India Limited promptly disclosed this information to the BSE Limited. The disclosure was signed by Toshiba Jain, the Company Secretary & Compliance Officer of Kesar India Limited.

Company Background

Kesar India Limited, formerly known as Kesar India Private Limited and Kesar Impex (India) Private Limited, is headquartered at 2nd Floor Saraf Chambers, Mount Road, Sadar, Sadar Bazar, Nagpur-440001, Maharashtra, India. The company operates under the CIN: L51220MH2003PLC142989.

While the specific plans for the newly acquired land have not been detailed in the disclosure, this acquisition suggests that Kesar India Limited is positioning itself for future growth and development in the Nagpur area.