Kesar India Ltd — Important, 29-07-2026: Company Update

Kesar India Limited has acquired a 100% equity stake in Kesar Lands Private Limited (KLPL) for ₹155.86 Cr. This move makes KLPL a wholly-owned subsidiary. The consideration will be paid through a share swap, involving the issuance of up to 17,31,752 Kesar India equity shares at ₹900 each. This acquisition aims to strengthen Kesar India's position in the real estate and infrastructure sector, expanding its capabilities and project portfolio. KLPL, focused on real estate development, had no turnover in the past three years. The transaction, involving a related party, was conducted at arm's length.