The Board of Directors at their meeting held on 06.10.2025 approved and taken on record Unaudited Financial Results for the quarter ended 30.06.2025 and appointed Mr. Prem Nagar as CFO ....
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Kesar Enterprises' board, at its meeting on 6 October 2025, approved the unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations fell sharply to ₹2,021.43 lakhs from ₹6,948.79 lakhs in the same quarter last year, reflecting the seasonal nature of the sugar business. The company reported a net loss of ₹1,537.76 lakhs (EPS of -₹15.26), with all three segments — Sugar, Cogen (power) and Spirits — posting losses. The board also appointed Mr. Prem Shankar Nagar (age 40, B.Com and Chartered Accountant) as the new Chief Financial Officer with effect from 7 October 2025. Management noted that the company's entire net worth has been eroded due to high sugarcane prices and unviable sugar realisations, but expects improvement from government policy support and monetisation of non-operating assets.
Negative near-term sentiment likely due to continued losses and fully eroded net worth (auditor flagged going concern uncertainty), though the seasonal nature of sugar means Q1 is structurally weak. The CFO appointment brings fresh leadership, but investors should watch for progress on asset monetisation and policy relief to determine long-term viability.