Kesar Enterprises declares unaudited Q1 FY27 results

Kesar Enterprises Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved and took on record the results during their meeting on August 13, 2026. The company's financial statements have been prepared on a 'going concern' basis despite accumulated losses and erosion of net worth, with management actively seeking investors and monetizing non-operating assets to improve operational capabilities. The company has also defaulted on a term loan for its Cogeneration Power plant, leading to an insolvency petition filed by SDF, which the company is contesting while pursuing a One Time Settlement proposal.