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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kesar India Limited, a Nagpur-based real estate developer, filed its Annual Report for FY2024-25 along with the notice for its 21st AGM on August 28, 2025 (held via video conferencing). On a consolidated basis, revenue from operations nearly doubled to Rs. 107.79 crore (up 49.56% YoY from Rs. 53.41 crore), while profit after tax rose to Rs. 19.36 crore from Rs. 10.84 crore, driven by plot sales across projects like Kesar Gateway, Kesar Gold, and Kesar Vihar. The company has expanded into new businesses through subsidiaries covering power (Kesar Green Power), skincare (Kesar Naturals, brand 'Unconditional'), infrastructure (YK Infracon, Propsnap Realty), and international operations (Kesar Middle East FZCO in Dubai). The AGM notice includes special business to issue up to 69.90 lakh fully convertible warrants at Rs. 350 each to promoter and non-promoter allottees, potentially raising up to Rs. 244.68 crore, plus 12.57 lakh warrants to convert promoter group unsecured loans.
Strong revenue and profit growth reflect improving project execution, but the large proposed preferential warrant issue could significantly dilute existing shareholders. The diversification beyond real estate into power, FMCG, and overseas markets signals growth ambition while adding execution and concentration risk.