Kesoram Industries Limited , a diversified company operating in the Rayon, Transparent Paper, and Chemicals segments, has reported a significant net loss for the first half of the fiscal year 2026. The company's financial results, approved by its Board of Directors on October 17, 2025, reveal the impact of impairment charges and operational challenges.

Financial Performance

For the six months ended September 30, 2025, Kesoram Industries reported a standalone net loss of ₹239.18 crore, compared to a loss of ₹31.25 crore in the same period last year. The quarterly performance shows a net loss of ₹111.86 crore for Q2 FY2026.

On a consolidated basis, the company's net loss stood at ₹125.21 crore for the half-year and ₹25.87 crore for the quarter ended September 30, 2025.

Key Financial Metrics

Operational Highlights

• The company's revenue from operations remained nil for standalone operations, reflecting the impact of the demerger of its cement division.
• Consolidated revenue for Q2 FY2026 was ₹55.17 crore, with a half-yearly figure of ₹116.22 crore.
• Kesoram Industries now operates primarily in the Rayon, Transparent Paper, and Chemicals segments following the demerger of its cement division.

Impairment and Exceptional Items

A significant factor contributing to the losses was the recognition of exceptional items:

• The company recorded ₹108.10 crore in exceptional items for Q2 FY2026, primarily due to impairment provisions on investment and loans to its subsidiary, Cygnet Industries Limited.
• For the half-year, total exceptional items amounted to ₹242.15 crore.
• These impairment charges reflect the company's reassessment of its investments and loans in light of current market conditions and subsidiary performance.

Balance Sheet and Cash Flow

As of September 30, 2025:

• Total assets stood at ₹368.90 crore on a standalone basis and ₹655.03 crore on a consolidated basis.
• The company's equity share capital remained unchanged at ₹310.66 crore.
• Cash and cash equivalents were reported at ₹0.55 crore standalone and ₹0.96 crore consolidated.

Management Actions and Future Outlook

The Board of Directors is considering the disposition of factory land at its Kesoram Spun Pipes and Foundries (KSPF) unit, which is currently under suspension of work. This move may result in further financial adjustments in the coming quarters.

Kesoram Industries continues to face challenges in its core operations, as evidenced by the nil revenue from standalone operations. The company's focus on its remaining segments post-cement division demerger will be crucial for its future performance.

The management's efforts to streamline operations, manage impairments, and potentially divest non-core assets will be key factors to watch in the coming quarters as Kesoram Industries aims to improve its financial position.

Investors and stakeholders will be closely monitoring the company's strategies to return to profitability and strengthen its balance sheet in the evolving market conditions.

Kesoram Industries Limited (KIL), a prominent player in the Indian industrial sector, has announced a significant change in its leadership team. The company's Board of Directors has approved the appointment of Sameer Kumar Ray as the new Chief Financial Officer (CFO), effective August 18, 2025.

Board Meeting Details

The decision was made during a board meeting held on August 18, 2025. The meeting, which commenced at 4:25 p.m. and concluded at 5:15 p.m., saw the directors unanimously approving Ray's appointment to this crucial role.

About Sameer Kumar Ray

Sameer Kumar Ray brings a wealth of experience to his new position at Kesoram Industries. He is a qualified Chartered Accountant with an impressive twenty-four years of overall experience in the financial sector. This extensive background is expected to be a valuable asset to KIL as it navigates the complex financial landscape of the industry.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, Kesoram Industries promptly disclosed the details of this appointment. The company submitted the required information to the BSE Ltd., National Stock Exchange of India Ltd., and The Calcutta Stock Exchange Ltd.

Company Secretary's Statement

Sneha Shaw, the Company Secretary of Kesoram Industries Limited, officially communicated this development to the stock exchanges. The disclosure included all necessary details as mandated by SEBI regulations, ensuring transparency in the appointment process.

Implications for Kesoram Industries

The appointment of a seasoned professional like Sameer Kumar Ray as CFO is a strategic move for Kesoram Industries. His extensive experience is likely to contribute significantly to the company's financial strategies and operations, potentially influencing its future growth and stability in the market.

Kesoram Industries Limited, with its corporate office located at 9/1, R.N. Mukherjee Road, Kolkata - 700 001, continues to demonstrate its commitment to strong corporate governance through timely disclosures and strategic appointments. Shareholders and market watchers will likely keep a close eye on how this new appointment impacts the company's financial direction in the coming years.