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An Original Application filed by one of KMLL's lenders before the Debt Recovery Tribunal in Jabalpur is expected to be withdrawn shortly.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 has successfully completed the payment of its final dividend for the fiscal year 2024-25, following the approval received at its 17th Annual General Meeting held on November 7, 2025. The company has credited the dividend amount to all eligible shareholders who held shares as of the designated record date.

Dividend Payment Completion

The company has fulfilled its commitment to distribute the approved final dividend within the stipulated timeframe. The dividend payment details are as follows:

The dividend amount has been credited to the accounts of eligible shareholders who were holding shares on the record date of October 24, 2025. This payment follows the company's earlier announcement and subsequent shareholder approval at the AGM.

Corporate Governance and Timeline

The dividend distribution process demonstrates KTIL's adherence to regulatory compliance and corporate governance standards. The company had previously rescheduled its 17th AGM from October 24, 2025, to November 7, 2025, which was conducted through Video Conferencing to facilitate broader shareholder participation.

Key timeline of events:

Shareholder Support

Kesar Terminals & Infrastructure Limited has established a support mechanism for shareholders who may have queries regarding the dividend payment. The company has committed to addressing any trade-related issues that may have occurred from the last record date and resolving investor or broker queries promptly.

Shareholders experiencing any issues or having questions about their dividend payments are encouraged to contact the company directly through the designated channels for assistance and clarification.