Kesar India establishes new wholly owned subsidiary, Kesar Gold Projects Private Limited

Kesar India Limited has established Kesar Gold Projects Private Limited (KGPPL), a wholly owned subsidiary, in Nagpur, Maharashtra, India. The incorporation took place on November 28, 2025, and was announced in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

KGPPL 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. Kesar India Limited acquired 100% of the shareholding at a value of INR 10 per share. The new subsidiary's primary objective, as per its Memorandum of Association, is to operate as a constructor, realtor, builder, contractor, developer, and land dealer, among other related activities. KGPPL currently has a turnover of Nil, as it is yet to commence business operations.