Kesoram Industries: Board Meeting Notes Acquisition Completion & Changes
Kesoram Industries Ltd has re-submitted the outcome of its Board of Directors meeting held on September 12, 2026. This re-submission addresses additional disclosures regarding the resignation of Independent Directors and the completion of a significant acquisition. Frontier Warehousing Limited acquired 13,29,69,279 Equity Shares, representing 42.80% of the company's equity, on September 12, 2026, as per a Share Purchase Agreement dated December 4, 2025. This transaction resulted in Frontier Warehousing acquiring control and becoming the Promoter. The board meeting also approved the appointment of a new Company Secretary and Compliance Officer, recorded the resignation of three Non-Executive Directors due to the change in promoters' control, and appointed four new Non-Executive Independent Directors and an Additional Non-Executive Director and Managing Director. The registered office of the company is also being shifted.
Key Highlights
- Acquisition of 42.80% stake by Frontier Warehousing completed on Sep 12, 2026.
- Frontier Warehousing now controls Kesoram Industries and is the new Promoter.
- Resignation of three Independent Directors recorded due to promoter change.
- New Independent Directors and Managing Director appointed.
- Company Secretary and Compliance Officer appointed.
Price Impact
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