Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Acquisition of Equity Stake.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kesar India Ltd has acquired a 50.01% equity stake (5,001 shares of face value Rs. 10 each) in Mahashakti Coal Washeries Private Limited (MCWPL) for a total cash consideration of Rs. 50,010 on January 19, 2026. MCWPL, incorporated on June 11, 2024, is based in Nagpur and deals in fuels such as coal, coke, petrol, diesel, and related products. With this acquisition, MCWPL becomes a subsidiary of Kesar India. The target had a paid-up share capital of Rs. 1 lakh and reported nil turnover as of March 31, 2025. The deal is not a related-party transaction and was done to diversify Kesar India's business beyond its existing construction and real estate activities.
This is a small-ticket acquisition by financial value, but it signals Kesar India's strategic move to diversify into the fuels and coal washeries segment. Shareholders should note that the subsidiary is newly incorporated with no revenue yet, so any material benefit will depend on MCWPL's future operational performance.