Kesoram Industries: Frontier Warehousing Acquires 42.80% Stake

Kesoram Industries announced that Frontier Warehousing Limited has completed the acquisition of 13,29,69,279 Equity Shares, representing 42.80% of the company's equity share capital. This transaction, completed on September 12, 2026, increases Frontier Warehousing's shareholding to 42.81% and consequently, Frontier Warehousing has acquired control and become the Promoter of Kesoram Industries. The Board of Directors met on the same day and approved the appointment of Mrs. Nikita Rateria as Company Secretary and Compliance Officer. The Board also recorded the resignation of three directors: Ms. Jikyeong Kang, Mrs. Mangala Radhakrishnan Prabhu, and Mr. Satish Narain Jajoo. Additionally, Mrs. Charu Rajgharia, Mr. Himanshu Ranjan, Mr. Aninda Chatterjee were appointed as Non-Executive Independent Directors, and Mr. Amit Agarwalla was appointed as an Additional Non-Executive Director. Mr. Gautam Agarwalla was appointed as an Additional Director & Managing Director for five years. The company also announced a change in its registered office address within Kolkata.