Kesar India Ltd — Updates, 01-08-2025: Company Update

Kesar India Limited's board has approved a substantial capital raise via a preferential issue totaling about ₹291.72 crore. This includes issuing Fully Convertible Warrants worth ₹244.68 crore for cash, and another ₹43.99 crore in warrants where ₹10.99 crore adjusts an existing loan and ₹32.99 crore is cash. Additionally, the company will issue ₹3.04 crore in equity shares for cash. Promoters are infusing ₹121 crore, with non-promoters contributing ₹170.72 crore. This capital infusion will strengthen the company's financial position and support future business initiatives. Shareholder approval is now sought for these plans.