Kesar Enterprises: MoU for Baheri Undertaking Sale Terminated

Kesar Enterprises Ltd has announced the termination of a Memorandum of Understanding (MoU) dated September 8, 2026, with Avadh Foods and Multi Warehouse Private Limited for the sale of its sugar undertaking at Baheri. The termination is effective October 31, 2026, due to the buyer's failure to make stipulated payments and cure defaults. Consequently, the sale will not proceed, and the undertaking remains with Kesar Enterprises. The company intends to pursue legal action against the buyer and will explore other options for the undertaking, with material developments to be disclosed.