Disclosure under Regulation 30 of SEBI LODR regarding Extinguishment of Company''s Liability as Corporate Guarantor
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On the reaction day the stock moved 3.1 pts more than Nifty Microcap 250 and 2.6 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kesar Terminals & Infrastructure has fully extinguished its liability as a Corporate Guarantor for its former wholly owned subsidiary, Kesar Multimodal Logistics Limited (KMLL). This follows the September 2025 sale of its 100% stake in KMLL to DP World for an enterprise value of Rs. 180.70 Crores. KMLL has since cleared all dues to its lenders and received No Dues certificates from the banks. With its guarantor obligations fully cleared and the sale proceeds received, the company plans to focus on its core activities and expand operations across India. Additionally, on the back of profits in Q3 FY26 (ended December 31, 2025), the Board has declared a 1st Interim Dividend of Rs. 0.50 (10%) per equity share for FY 2025-26.
This is a positive development — the removal of contingent guarantor liability removes a major risk overhang from the company's balance sheet, while the maiden interim dividend signals confidence in profitability and rewards shareholders with a tangible return.