Kesar India Limited Allots 5,74,319 Equity Shares Through Warrant Conversion to Non-Promoter Investors

Kesar India Limited has successfully completed the allotment of 5,74,319 equity shares through the conversion of fully convertible warrants, marking a significant capital raising milestone for the company. The Preferential Issue Committee of the Board of Directors approved this allotment during their meeting held on February 28, 2026. Warrant Conversion Details The allotment involves the conversion of 5,74,319 fully convertible warrants that were originally issued on September 18, 2025. Each equity share carries a face value of ₹10 and was allotted at an issue price of ₹350 per share through preferential allotment on a private placement basis to non-promoter investors. Parameter: Details Total Shares Allotted: 5,74,319 Face Value per Share: ₹10 Issue Price per Share: ₹350 Original Warrant Date: September 18, 2025 Allottee Category: Non-Promoter Investor Allocation Breakdown The warrant conversion was distributed among 11 non-promoter investors, with Gunjan Agarwal receiving the largest allocation. The detailed breakdown shows varied investment levels across different investor categories: Sr. No.: Allottee Name Category Shares Allotted 1: Gunjan Agarwal Non-Promoter 3,13,371 2: Priyank Dhirendra Shah Non-Promoter 3,809 3: Tushar Atlani Non-Promoter 28,571 4: Mohit Rajeshkumar Atlani Non-Promoter 28,571 5: Mihir Atlani Non-Promoter 28,571 6: Yash Suresh Atlani Non-Promoter 28,571 7: Prachi Pranav Bhagat Non-Promoter 28,571 8: Chintan Vijay Makhecha Non-Promoter 28,571 9: Dhavan Govindram Mediya Non-Promoter 28,571 10: Piyush Narayanlal Mediya Non-Promoter 28,571 11: Bharat Pukhraj Mediya Non-Promoter 28,571 Impact on Share Capital Following the completion of this allotment, Kesar India Limited's capital structure has been strengthened significantly. The company's paid-up equity share capital has increased to ₹28,57,32,290, now comprising 2,85,73,229 equity shares of ₹10 face value each. Capital Metric: Post-Allotment Status Paid-up Share Capital: ₹28,57,32,290 Total Equity Shares: 2,85,73,229 Face Value per Share: ₹10 Committee Meeting Details The Preferential Issue Committee meeting was conducted on February 28, 2026, commencing at 07:45 P.M. and concluding at 08:00 P.M. The meeting was presided over by Managing Director Sachin Gopal Gupta, who digitally signed the approval documents. This warrant conversion represents the successful completion of the fundraising initiative that began with the original warrant issuance in September 2025, demonstrating investor confidence in the company's growth prospects. Kesar India Limited has announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating robust performance across its business segments. The Board of Directors approved the standalone and consolidated financial results at their meeting held on February 14, 2026, with results published on the company website and accessible via QR code for stakeholder convenience. Financial Performance Overview The company delivered impressive financial results for Q3FY26, with substantial improvements across key metrics compared to previous periods. Metric: Q3FY26 Q2FY26 Q3FY25 Change (QoQ) Change (YoY) Revenue from Operations: ₹9,160.28 lacs ₹1,523.96 lacs ₹1,579.74 lacs +501.1% +480.0% Total Income: ₹9,189.60 lacs ₹1,549.98 lacs ₹1,611.50 lacs +492.8% +470.2% Net Profit: ₹1,677.74 lacs ₹99.05 lacs ₹229.75 lacs +1,594.2% +630.4% Basic EPS: ₹6.71 ₹0.40 ₹0.93 +1,577.5% +621.5% Nine-Month Performance For the nine months ended December 31, 2025, the company maintained strong momentum with total revenue of ₹12,141.72 lacs and net profit of ₹1,822.81 lacs, compared to ₹6,628.82 lacs revenue and ₹1,818.08 lacs profit in the corresponding period last year. Segment Performance and Business Activities The company operates primarily in real estate and share trading segments. A significant development during the period was the management's decision to classify share trading activities as a separate business segment from October 1, 2024, with all transactions now reflected under revenue from operations rather than current investments. Business Segment: Revenue (₹ lacs) Segment Assets (₹ lacs) Real Estate & Share Trading: 9,160.28 29,060.88 Total Operations: 9,160.28 29,060.88 Major Land Transaction During the period, the company executed a significant land transaction, purchasing land worth ₹59.16 crore and selling it for a total consideration of ₹115.72 crore. The company received ₹81.00 crore during the year, with the balance consideration receivable upon completion of due diligence processes including title verification and occupation certificate issuance. Preferential Issue and Fund Utilization The company has submitted its monitoring agency report for Q3 FY26 regarding the utilization of proceeds from its preferential issue. The issue, conducted from September 6 to September 20, 2025, was revised to ₹273.72 crore from the originally planned ₹291.72 crore due to warrant undersubscription. Preferential Issue Details: Amount (₹ crore) Total Issue Size: 273.72 Warrant Allotment: 270.68 Equity Issuance: 3.04 Cumulative Utilization: 107.69 During Q3FY26, 31,98,473 warrants were converted into equity shares, with 45,35,228 warrants remaining outstanding. The balance 75% of the issue price is payable within 18 months from allotment date. Board Approval and Publication The Board of Directors approved the unaudited standalone and consolidated financial results at their meeting held on February 14, 2026. The results, along with the auditors' report, have been published on the company's website at www.kesarlands.com and can be accessed by scanning a QR code provided in the official announcement. Publication Details: Information Board Meeting Date: February 14, 2026 Website: www.kesarlands.com Access Method: QR Code Available Managing Director: Sachin Gopal Gupta (DIN-07289877) Consolidated Results On a consolidated basis, the company reported revenue of ₹9,165.25 lacs and net profit of ₹1,534.04 lacs for Q3FY26, including results from various subsidiaries across India and international operations through Kesar Middle East FZCO and other entities. Outlook and Compliance As an SME listed entity migrating to the Main Board, the company has adopted Indian Accounting Standards (Ind AS) from the quarter ended December 2024, ensuring enhanced transparency and compliance with regulatory requirements. The company's registered office is located at 2nd Floor, Saraf Chambers, Mount Road, Sadar, Sadar Bazar, Nagpur, Maharashtra. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. 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