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.

Kesar India Limited , a company listed on the BSE, has made a significant move to strengthen its capital structure through a preferential allotment of warrants and equity shares. The company, which operates in the real estate sector, completed this strategic allotment targeting both promoter and non-promoter categories.

Allotment Details

The preferential allotment comprised:

• 64,76,559 fully convertible warrants for cash
• 12,57,142 fully convertible warrants partly for cash and partly against loan conversion
• 86,856 equity shares for cash

All securities were issued at a face value of Rs. 10 each.

Impact on Share Capital

As a result of this allotment, Kesar India Limited's equity share capital has seen a notable increase:

The total diluted share capital after the acquisition stands at Rs. 32,53,33,570, representing 3,25,33,357 equity shares.

Promoter Group Holdings

The allotment has significantly bolstered the promoter group's stake in the company. Key members of the promoter group include:

• Gopal Gupta
• Sachin Gopal Gupta
• Yash Gopal Gupta
• Sangeeta Gopalchand Gupta
• Pankhuri Yash Gupta
• Shweta Sachin Gupta

Corporate entities Kesar Lands Private Limited and Kesar Infracon Private Limited are also part of the promoter group.

Post-allotment, the promoter group's total holding has increased to 2,19,90,343 shares, representing 74.73% of the total share capital and 67.59% of the diluted share capital.

Individual Allocations

Notable allocations within the promoter group include:

Regulatory Compliance

The company has duly filed the necessary disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Yash Gopal Gupta, representing the promoter and promoter group, submitted the required intimation to the BSE.

This strategic move by Kesar India Limited appears aimed at consolidating the promoter group's position while also bringing in additional capital for the company's operations and growth initiatives in the real estate sector.