Annual Report - 2025 & Notice of 21st Annual General Meeting
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Kesar India Limited has notified BSE about its 21st AGM to be held on Thursday, August 28, 2025 at 11:30 a.m. via video conferencing, with the cut-off date for e-voting set as August 21, 2025. Ordinary business includes adoption of audited standalone and consolidated financial statements for FY25 and re-appointment of Mr. Yash Gopal Gupta as director (retiring by rotation). Key special business includes issuing up to 69,90,844 fully convertible warrants at Rs. 350 per warrant (aggregate up to ~Rs. 244.68 crore) to promoter and non-promoter allottees on a preferential basis, and a separate issue of up to 12,57,142 warrants to the promoter group for conversion of outstanding unsecured loans. The annual report highlights strong top-line growth, with consolidated turnover nearly doubling from Rs. 53.41 crore to Rs. 107.79 crore and consolidated profit after tax rising from Rs. 10.83 crore to Rs. 19.36 crore. The company also flagged expansion into new verticals including power (Kesar Green Power), skincare (Kesar Naturals/Unconditional brand), and overseas (Kesar Middle East FZCO, Dubai).
Shareholders should watch the preferential warrant resolutions closely — if all 82.48 lakh warrants convert to equity, it represents a meaningful capital infusion (~Rs. 288+ crore potential) but will dilute existing shareholding proportionally. The strong revenue growth and diversification into power and consumer businesses are positives, though the consolidated EPS decline year-on-year (despite higher profit) indicates the equity base has already expanded.