Kesar India divests stake in YK Infraproject, no longer wholly-owned subsidiary

Kesar India Limited has announced the sale of a 49.99% stake in its wholly-owned subsidiary, YK Infraproject Private Limited (YKIPL). The company executed a Share Transfer Agreement on December 3, 2025, to transfer 499 equity shares of YKIPL to Mr. Sandip Agarwal and Mr. Sachin Jejani. The shares were sold at a face value of INR 100 per share.

Following this transaction, YK Infraproject Private Limited will cease to be a wholly-owned subsidiary but will remain a subsidiary of Kesar India Limited as of December 3, 2025. YKIPL was incorporated on August 1, 2024, and as of March 31, 2025, its turnover was NIL, and its net worth stood at INR 59,000.

The prospective buyers, Mr. Sandip Agarwal and Mr. Sachin Jejani, are not part of Kesar India Limited's promoter or promoter group companies.