Kesar India Limited has successfully concluded the sale of its land assets to Godrej Properties, marking a significant real estate transaction valued at approximately ₹1.16 billion (₹115.71 crores). This deal, involving two prominent players in the Indian real estate sector, sees Kesar India divesting property while Godrej Properties expands its land bank.

Transaction Details

The land sale, which was executed on November 20, 2025, involves property situated at Mauza Takli, Tahsil Hingna, District Nagpur. Kesar India Limited disclosed this information in a regulatory filing to the BSE, adhering to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Points of the Deal

• Buyer: Godrej Skyline Developers Limited, a subsidiary of Godrej Properties
• Sale Agreement Date: November 20, 2025
• Completion Date: November 20, 2025 (same as the agreement date)
• Shareholder Approval: Obtained via Postal Ballot dated November 8, 2025

Financial Implications

The sale of this land asset is expected to have a positive impact on Kesar India's financials. The company had acquired the land in May 2025, indicating a quick turnaround on the investment.

Market Impact

This transaction underscores the ongoing dynamism in India's real estate market, with established players like Godrej Properties actively expanding their land banks. For Kesar India, the sale represents a strategic move to potentially unlock value from its real estate holdings.

Regulatory Compliance

Kesar India has confirmed that this transaction does not fall under related party transactions and is not part of any scheme of arrangement under SEBI regulations.

The deal highlights the continued interest in prime real estate assets in India, particularly from major developers looking to strengthen their project pipeline in key markets.

Kesar India Limited , a company listed on the BSE SME platform, has recently concluded a significant postal ballot process, marking several important corporate decisions. The voting results, which were announced on November 10, 2025, reveal unanimous support from participating shareholders for all proposed resolutions.

Board Appointments and Stock Exchange Migration

Shareholders of Kesar India Limited have approved the appointment of two new independent directors to the company's board. Mr. Ishwar Lal (DIN: 11224914) and Mr. Akshay Vinod Parmar (DIN: 11287143) have been elected to these positions, potentially bringing fresh perspectives to the company's governance.

In a move that could significantly enhance the company's market presence, shareholders have also given their assent to migrate Kesar India Limited's equity shares from BSE's SME platform to the main boards of both BSE and the National Stock Exchange of India Limited (NSE). This transition could potentially increase the company's visibility and liquidity in the market.

Land Asset Management

Another key decision approved by the shareholders is the authorization for the sale, disposal, or transfer of company land. This move could have implications for Kesar India Limited's asset management strategy and future financial position.

Voting Details

The postal ballot process, which utilized e-voting, saw participation from 17 equity shareholders representing 2,12,81,300 shares. The voting period ran from October 10, 2025, to November 08, 2025. Here's a breakdown of the voting results:

It's worth noting that for the resolution regarding migration to the main boards, as per SEBI regulations, only votes from non-promoter shareholders were considered. This resolution also received 100% approval from the eligible voters.

The unanimous support for all resolutions indicates strong shareholder alignment with the company's proposed actions. These decisions could potentially shape Kesar India Limited's future trajectory in terms of governance, market presence, and asset management.

As the company moves forward with implementing these approved measures, market participants will likely be watching closely to see how these changes impact Kesar India Limited's performance and market position.