Kesar India Limited has successfully completed the allotment of 31,98,473 equity shares through the conversion of fully convertible warrants, as approved by the Preferential Issue Committee of the Board of Directors on December 10, 2025.

Warrant Conversion Details

The allotted equity shares carry a face value of ₹10 each and were issued at ₹350 per share. The conversion relates to fully convertible warrants that were originally allotted on September 18, 2025. The allotment was conducted through preferential allotment on a private placement basis.

Allottee Distribution

The share allotment covers both promoter group entities and non-promoter investors. Key allottees include:

Non-Promoter Category:

• Sumati Rohit Agrawal: 2,00,000 shares
• Shilpa R Kothari: 5,71,428 shares
• Rakhi Kataria: 28,571 shares

Promoter Group Category:

• Kesar Lands Private Limited: 1,14,285 shares
• Kesar Infracon Private Limited: 1,14,285 shares
• Pankhuri Yash Gupta: 28,571 shares

Impact on Share Capital

Following the completion of this allotment, Kesar India Limited's paid-up equity share capital has increased significantly:

Committee Meeting Details

The Preferential Issue Committee meeting was conducted on December 10, 2025, commencing at 06:45 PM and concluding at 07:00 PM. The committee considered and approved the warrant conversion in accordance with the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This development represents a significant milestone in the company's capital structure enhancement, with the successful conversion of warrants strengthening the equity base across both promoter and non-promoter categories.

Kesar , a company known for its diverse business operations, has taken a step to expand its presence by incorporating a new subsidiary. The company has established Kesar Gold Projects Private Limited in Nagpur, Maharashtra, aimed at expanding its current business operations.

Key Details of the New Subsidiary

Business Focus

The incorporation of Kesar Gold Projects Private Limited is aimed at expanding Kesar's current business operations. However, specific details about the new subsidiary's focus have not been provided.

Expansion Strategy

The establishment of Kesar Gold Projects Private Limited represents a strategic move by Kesar to potentially capitalize on new opportunities. By incorporating a dedicated subsidiary, the company may be positioning itself to:

• Expand its operational footprint
• Diversify its revenue streams
• Explore new business avenues

Outlook

As Kesar Gold Projects Private Limited begins its operations, investors and industry observers will likely be interested in how this new venture contributes to Kesar's overall growth strategy and financial performance. The success of this venture may depend on various factors, including market conditions, execution of projects, and the overall economic environment.

Stakeholders may be watching to see how Kesar leverages this new subsidiary to create value and drive growth in its expanded business portfolio. Further details about the specific activities and projects of Kesar Gold Projects Private Limited may be revealed as the subsidiary commences its operations.