Please find enclosed herewith Unaudited Financial Results for the quarter ended 31.12.2025 approved and taken on record by the Board of Directors at their meeting held on 13.02.2025, alongwith ....

Kesar Enterprises Ltd reported Q3 FY26 revenue from operations of Rs 10,430.84 lakhs, down roughly 36% from Rs 16,377.30 lakhs in Q3 FY25. Net loss for the quarter narrowed to Rs 622.60 lakhs from Rs 1,946.83 lakhs in Q2 FY26 (and from Rs 1,619.83 lakhs in Q3 FY25). For the nine months ended December 2025, revenue fell to Rs 27,077.80 lakhs from Rs 33,396.97 lakhs a year ago, while net loss stood at Rs 4,107.19 lakhs versus Rs 5,626.01 lakhs. The statutory auditor issued a qualified conclusion because the company has not assessed gratuity liability under the new Code on Social Security, 2020. Management has prepared accounts on a going concern basis despite accumulated losses having wiped out the entire net worth, citing plans to monetize non-operating assets and pending state-level sugarcane price/power tariff relief. The report also references a change of statutory auditors, as prior period figures were reviewed/audited by a predecessor firm.