Kesar India Ltd — Important, 07-11-2025: Company Update

Kesar India's Monitoring Agency Report, issued by Crisil Ratings, details the utilization of proceeds from its Preferential Issue for the quarter ended September 30, 2025. The revised issue size is approximately 273.72 Cr. During the quarter, the company received 70.71 Cr from warrant and equity allotments. Of these funds, 5.84 Cr was used for land acquisition and project development. Additionally, 25.87 Cr was deployed for general corporate purposes like overdraft adjustments and consultancy fees, while an 11.00 Cr loan from the promoter group was adjusted against warrants. This utilization supports Kesar India's growth plans, with 231.00 Cr remaining unutilized, including future warrant conversions.