Kesoram Industries Limited has informed the Exchange regarding Appointment of Snehaa Shaw as Company Secretary of the company w.e.f. July 14, 2025.
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Kesoram Industries' Board, at its meeting on July 14, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), appointed Snehaa Shaw as Company Secretary, and re-appointed P. Radhakrishnan as Whole-Time Director & CEO for one year effective August 8, 2025 (subject to shareholder approval). On a consolidated basis, the company reported a net loss of ₹99.34 crore, wider than ₹61.37 crore in the same quarter last year, on revenue from operations of ₹61.05 crore (vs ₹67.28 crore YoY). Standalone net loss from continuing operations was ₹127.32 crore, dragged by exceptional items of ₹134.05 crore, which include a ₹48.09 crore impairment in subsidiary Cygnet Industries, a ₹44.24 crore waiver of accumulated interest on loans to the subsidiary, and a ₹41.72 crore loss on remeasurement of the KSPF factory land. Following the demerger of the cement business last year, the company now operates as a single segment — Rayon, Transparent Paper and Chemicals. Walker Chandiok & Co LLP issued an unmodified limited review opinion on both sets of results.
The widened losses and large one-time exceptional charges point to continued financial stress in the post-demerger business, and asset disposals (like the KSPF land) suggest the company is working to clean up its balance sheet. The re-appointment of the existing CEO provides leadership continuity, but the weak quarterly print is likely to weigh on investor sentiment in the near term.