Kesar , a company engaged in real estate development, has released its financial results for the half-year ended September 30, 2025, along with several corporate updates. The company reported growth in both standalone and consolidated revenues, made a strategic investment in a new real estate venture, and announced changes to its board composition.

Financial Performance

Kesar's financial results for H1 FY26 show positive performance:

Strategic Investment

The company has made a strategic move into the real estate development sector:

• Acquired a 10% stake in Nexa Infraspace Private Limited
• Investment: ₹10,000 for 1,000 equity shares at face value of ₹10 each
• Nexa Infraspace details:
  • Incorporated: March 2024
  • Business: Real estate development
  • Authorized capital: ₹5 lakh
  • Paid-up capital: ₹1 lakh

Corporate Governance Update

Kesar announced a change in its board composition:

• Mr. Ajay Pandey resigned as Independent Director
• Effective: November 5, 2025
• Reason: Pre-occupation

Capital Raising

The company has taken steps to strengthen its financial position:

• Approved allotment of equity and warrants on a preferential basis
• Total amount: ₹273.72 crore
• Received: ₹70.71 crore
• Pending: ₹203.01 crore (to be received within 18 months)

Kesar's board meeting, which concluded these matters, was held on November 5, 2025, from 3:38 p.m. to 5:15 p.m.

The company's strategic moves, including the investment in Nexa Infraspace and the capital raising initiative, suggest a focus on expanding its real estate development activities. The financial results indicate a stable performance, with the consolidated revenue slightly higher than the standalone figures.

Investors and stakeholders should note that these developments may impact the company's future growth trajectory and financial performance. The resignation of the Independent Director and the pending receipt of the remaining preferential issue amount are also factors to consider in evaluating the company's governance and financial outlook.

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.