Kesar Terminals & Infrastructure Limited has announced the complete extinguishment of its corporate guarantor liability for its erstwhile wholly-owned subsidiary, marking a significant milestone in the company's financial restructuring. The disclosure was made on January 13, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Guarantor Liability Extinguished

The company informed BSE Limited that its liability as a corporate guarantor for Kesar Multimodal Logistics Limited (KMLL) has been completely extinguished. The development pertains to non-fund-based facilities, with the company receiving formal confirmation from the concerned bank regarding this extinguishment.

Background and Timeline

This announcement follows earlier disclosures submitted by the company on September 10, 2025, regarding the extinguishment of its liability as a corporate guarantor for KMLL's bank dues. KMLL was a wholly-owned subsidiary of Kesar Terminals & Infrastructure Limited until September 10, 2025. The complete resolution of guarantor obligations represents the final step in clearing all outstanding liabilities related to the former subsidiary.

Strategic Implications

With the extinguishment of this corporate guarantor liability, Kesar Terminals & Infrastructure Limited stated it can now focus entirely on its core business activities. The company has indicated its intention to explore expansion opportunities in other parts of the country, suggesting a strategic shift toward growth initiatives now that these financial obligations have been resolved.

Regulatory Compliance

The disclosure was made in compliance with regulatory requirements, with Company Secretary and Compliance Officer Archana Mungunti signing the official communication to BSE Limited. The company maintains its registered office at Oriental House, 7 Jamshedji Tata Road, Churchgate, Mumbai, and trades under scrip code 533289 on BSE.

Kesar Terminals & Infrastructure has recently undergone changes in its shareholding structure. Kesar Enterprises Limited has disposed of portions of its stake through both an inter-se transfer and open market transactions, altering the ownership structure of the company.

Key Details of the Transactions

Inter-se Transfer

Open Market Sales

Impact on Shareholding

The transactions have resulted in a shift in the ownership structure of Kesar Terminals & Infrastructure:

1. Following the inter-se transfer:

   Company	Shares Held	Percentage of Total Share Capital
   Amrish Rajnikant Kilachand Ltd	32,37,549	29.65%

2. After the open market sales:

   • Kesar Enterprises Limited's stake reduced from 7.72% to 7.26%
   • The overall promoter group holding decreased from 60.98% to 60.52%

These transactions represent changes within the corporate structure, potentially aimed at consolidating ownership, optimizing the group's portfolio, or meeting specific financial objectives.

It's important to note that while these transactions alter the direct shareholding of Kesar Enterprises Limited in Kesar Terminals & Infrastructure, the inter-se transfer may not necessarily change the ultimate beneficial ownership if Amrish Rajnikant Kilachand Ltd is part of the same promoter group.

Investors and market participants may want to monitor any further disclosures or announcements from the companies involved for additional context or implications of these share transfers and sales.