Kesar Terminals & Infrastructure Limited (KTIL) has reported a significant net loss of Rs 3,564.75 crore for the quarter ended September 30, 2025, primarily due to an exceptional loss from the sale of its subsidiary. This marks a stark contrast to the profit of Rs 42.09 crore recorded in the same quarter of the previous year.

Key Financial Highlights

• Revenue from Operations: Rs 858.56 crore, up from Rs 793.86 crore in Q2 FY2025
• Total Income: Rs 893.40 crore, compared to Rs 805.05 crore in the year-ago period
• Exceptional Loss: Rs 3,648.83 crore from the sale of subsidiary

Subsidiary Divestment

The company completed the transfer of its 100% equity and preference stake in Kesar Multimodal Logistics Limited (KMLL) to DP World Multimodal Logistics Pvt Ltd on September 10, 2025. This transaction resulted in an exceptional loss of Rs 3,648.83 crore, significantly impacting the quarter's bottom line.

Debt Resolution and Corporate Guarantee

Following the sale, KMLL's bank dues have been fully paid off, and No Dues Certificates have been received from the lenders. Consequently, KTIL no longer bears any liability as a corporate guarantor. An Original Application filed by one of KMLL's lenders before the Debt Recovery Tribunal in Jabalpur is expected to be withdrawn shortly.

Financial Position

Ongoing Legal Matter

KTIL is currently engaged in a legal dispute with Deendayal Port Trust (DPT) regarding transfer fees and lease rent increases for leasehold lands. The company has filed a Special Leave Petition in the Supreme Court of India against an order by the Gujarat High Court. Pending the Supreme Court's decision, no provisions or adjustments have been made in the financial results concerning this matter.

Segment Information

The company continues to operate solely in the Bulk Liquid Storage Business at Kandla, with no other reportable segments as per Ind AS 108 - Operating Segments.

Auditor's Review

The statutory auditors have reviewed the financial results, noting the ongoing litigation with DPT as a basis for qualified conclusion. They highlighted that the final outcome of this matter may impact the company's profits, right to use lease assets, and lease liabilities.

Despite the substantial loss this quarter, KTIL's operational revenue has shown improvement. The company's focus now appears to be on stabilizing its operations post the divestment of KMLL and resolving the ongoing legal matters with DPT.

Kesar Terminals & Infrastructure Limited (KTIL) has announced significant corporate actions following a board meeting held on October 10, 2025. The company's Board of Directors has made key decisions regarding dividend distribution and the rescheduling of its Annual General Meeting (AGM).

Dividend Announcement

The Board has recommended a final dividend for the fiscal year 2024-25, demonstrating the company's commitment to shareholder returns. Here are the key details of the dividend:

The proposed dividend is subject to shareholder approval at the upcoming AGM. Once approved, KTIL has committed to disbursing the dividend within 30 days from the date of the AGM.

AGM Rescheduling

KTIL has made the following adjustments to its AGM schedule:

1. Withdrawal of the previously announced 17th AGM, originally set for October 24, 2025.
2. Rescheduling of the 17th AGM to November 7, 2025.

The rescheduled AGM will be held at 3:00 p.m. (IST) and will be conducted through Video Conferencing (VC) or other audio-visual means (OAVM), facilitating wider shareholder participation.

Board Meeting Details

The board meeting where these decisions were made took place on October 10, 2025. The meeting commenced at 3:00 p.m. and concluded at 4:00 p.m., as disclosed in the company's regulatory filing.

These corporate actions reflect KTIL's adherence to regulatory requirements and its commitment to keeping shareholders informed about important company matters.