Kesar Enterprises Approves Slump Sale of Sugar, Distillery Divisions for ₹431 Cr

Kesar Enterprises Ltd's Board of Directors has approved the slump sale of its Sugar, Distillery, and Cogen divisions located in Baheri, Uttar Pradesh, to Avadh Foods and Multi Warehouse Private Limited for a consideration of ₹431 crores. The transaction is subject to shareholder and regulatory approvals, with completion expected by June 15, 2027. The buyer is an unrelated third party. This sale represents a significant divestment of the company's undertaking, with the divisions contributing 100% of revenue and 99.55% of total income in the last financial year. The net worth of these divisions was negative ₹133.24 crores.