Kesar India board approves acquisition, financial results, director resignation

Kesar India Limited's board of directors, meeting on November 5, 2025, approved the unaudited financial results for the half-year ended September 30, 2025, along with the limited review report from auditors. The company also announced the acquisition of a 10% stake in Nexa Infraspace Private Limited (NIPL) for a total consideration of INR 10,000, comprising 1,000 equity shares of INR 10 each. NIPL, incorporated on March 30, 2024, operates in construction and real estate development. This acquisition is not a related-party transaction.

In other decisions, the board accepted the resignation of Mr. Ajay Pandey as an independent director, effective November 5, 2025, due to pre-occupation. Furthermore, Kesar India confirmed no deviation or variation in the utilization of proceeds from its preferential issue during the half-year ended September 30, 2025. The total amount raised from the preferential issue was INR 27,371.95.