Change of control at Kesoram; Frontier Warehousing acquires 42.8%, Gautam Agarwalla named MD

Frontier Warehousing acquired 13.29 crore shares (42.80%) of Kesoram from Birla Group promoters on Sep 12, 2026, becoming new promoter with 42.81% stake. Gautam Agarwalla (from acquirer's side) named Managing Director for 5 years; his brother Amit Agarwalla joins as Non-Executive Director. Three new independent directors appointed. Two independent directors and one non-independent director resigned due to control change. Birla group entities being reclassified from Promoter to Public category.