The Board of Directors at their meeting held on 06.10.2025 appointed Mr. Prem Nagar as CFO (KMP) of the Company.
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Kesar Enterprises' board approved unaudited results for Q1 FY26 (quarter ended 30 June 2025) and appointed Mr. Prem Shankar Nagar (40, Chartered Accountant) as the new Chief Financial Officer effective 7 October 2025. Revenue from operations fell sharply to Rs 2.02 crore from Rs 6.95 crore in the same quarter last year, mainly due to the seasonal nature of the sugar business. The company posted a net loss of Rs 15.38 crore (EPS of Rs -15.26), slightly narrower than the Rs 17.12 crore loss in Q1 FY25. All three segments — Sugar, Cogeneration, and Spirits — remained in the red. The company disclosed that its entire net worth has been wiped out due to sustained losses from high sugarcane prices and low sugar realisations, though it expects improvement from government policy support and the monetisation of non-operating assets.
The new CFO appointment is a routine leadership update, but the financial health is a major concern — the net worth is fully eroded, signaling significant distress for shareholders. Stock may remain volatile until the company demonstrates a credible turnaround through asset monetisation and better sugar pricing.