Kesar India Subsidiary Formed for Nagpur Plot Development

Kesar India Limited has announced the establishment of Kesar Infraventures Private Limited ("KIPL"), a wholly owned subsidiary incorporated in Nagpur, Maharashtra, India. The subsidiary was officially formed on November 26, 2025, and is yet to commence business operations. KIPL has an authorized capital of INR 5,00,000, divided into 50,000 equity shares of INR 10 each, and a paid-up capital of INR 1,00,000, consisting of 10,000 equity shares of INR 10 each, all acquired by Kesar India Limited.

The primary objective of KIPL is to engage in civil contracting, engineering, and construction of various projects including residential, commercial, and industrial buildings, roads, bridges, and infrastructure works. This strategic acquisition is aimed at expanding Kesar India's current business through the new subsidiary.

As a wholly owned subsidiary, KIPL represents 100% shareholding and control by Kesar India Limited. The acquisition involved a cash consideration, and KIPL's turnover is currently nil as it has not yet begun its business operations.