Kesar India: No Deviation in Preferential Issue Fund Utilization
Kesar India Ltd has stated that there were no deviations or variations in the utilization of proceeds from its Preferential Issue during the quarter and half-year ended September 30, 2026. The funds raised, amounting to ₹27,371.95 Lakhs (₹273.72 Crore) on September 18, 2025, were intended for acquisition of land and development of projects, and general corporate purposes. The statement was reviewed by the Audit Committee and taken on record by the Board on November 04, 2026. The monitoring agency for this issue is Crisil Ratings Limited.
Key Highlights
- No deviation in utilization of preferential issue proceeds reported.
- Funds raised were ₹27,371.95 Lakhs (₹273.72 Crore).
- Utilization for land acquisition, project development, and general corporate purposes.
- Statement reviewed by Audit Committee and Board.
- Monitoring agency is Crisil Ratings Limited.
Price Impact
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