Outcome of the adjourned Board Meeting dated 27.05.2026 (Originally convened on 20.05.2026)
KESORAMIND · price
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Kesoram Industries has approved its annual financial results for FY26 ended March 31, 2026. On a consolidated basis, total income increased to Rs 30,334 lakhs from Rs 27,934 lakhs in the previous year, while the company posted a net loss from continuing operations of Rs 8,813 lakhs compared to Rs 11,047 lakhs loss previously, showing improvement. However, the company incurred significant exceptional items including Rs 4,172 lakhs impairment on land and Rs 15,619 lakhs provision for investment and loan in subsidiary Cygnet Industries. The auditors have provided an unmodified (clean) opinion on the financial statements. A change in control has occurred with Frontier Warehousing Limited acquiring 42.80% stake through an open offer, and the acquirer has provided a letter of support for financial assistance. The company continues to operate with negative working capital of Rs 5,577 lakhs.
Despite improved operational losses and clean audit opinion, the company remains loss-making with negative working capital and heavy exceptional write-offs, indicating ongoing financial stress despite the change in promoter group.