Please find enclosed Intimation under Regulation 30 of SEBI LODR 2015 related to extension of Long stop date.
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Kesar Terminals & Infrastructure Ltd has further extended the Long Stop date for the sale of up to 100% equity and/or preference stake in its wholly owned material subsidiary, Kesar Multimodal Logistics Limited (KMLL), to DP World Multimodal Logistics Pvt Ltd. The new Long Stop date is September 15, 2025. This is the latest in a series of extensions since the Share Subscription & Share Purchase Agreement (SSPA) was first disclosed in September 2023. The transaction remains subject to fulfilment of conditions precedent and regulatory/statutory approvals.
The repeated extensions signal that the divestiture deal is taking longer than expected to close, which may cause uncertainty for shareholders awaiting resolution. However, the deal is still active and not cancelled, with both parties continuing to work toward completion by mid-September 2025.