Governance Negative

2026-10-10 15:34

CRITICAL RED FLAG DETECTED

- Mr. Samir Kumar Ray has resigned from the post of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of Kesoram Industries Limited due to personal reasons. - He will be relieved from his services with effect from the close of business hours on January 02, 2027. - The company is in the process of appointing a suitable candidate for the position.

Governance Neutral

2026-10-05 17:24

- Kesoram Industries Limited submitted an application on October 1, 2026, to BSE, NSE, and the Calcutta Stock Exchange for the reclassification of certain members from the 'Promoter/Promoter Group' category to the 'Public' category. - The application was made pursuant to a request received from the concerned promoters on September 12, 2026, and approved by the Board of Directors on September 29, 2026.

Governance Neutral

2026-09-30 15:16

- Kesoram Industries Limited has issued a Postal Ballot Notice dated September 29, 2026, seeking shareholder approval for key appointments. - Proposed appointments of Independent Directors: Mr. Aninda Chatterjee, Mr. Himanshu Ranjan, Mr. Rishi Bajoria, and Mrs. Charu Rajgharia for a 5-year term. - Proposed appointment of Mr. Amit Agarwalla as a Non-Executive Non-Independent Director liable to retire by rotation. - Proposed appointment of Mr. Gautam Agarwalla as Managing Director for 5 years. - Remote e-voting period: October 13, 2026 (9:00 AM IST) to November 11, 2026 (5:00 PM IST); results to be declared by November 13, 2026.

Governance Negative

2026-09-29 17:01

CRITICAL RED FLAG DETECTED

- Appointment of M/s. Mondal & Associates as Cost Auditor of Cygnet Industries Limited (Wholly Owned Subsidiary) for FY 2026-27. - Appointment of M/s. Kothari & Co. as Internal Auditor for FY 2026-27. - Appointment of M/s. AR Bajaj & Associates LLP as Secretarial Auditor for FY 2026-27. - Resignation of Mr. Deepak Kumar Sharma, Non-Executive Independent Director, effective September 29, 2026.

Governance Neutral

2026-09-29 16:45

- Appointed M/s. Kothari & Co. as Internal Auditor for FY 2026-27. - Approved re-classification of promoter and promoter group. - Issued Postal Ballot Notice for appointing four Independent Directors (Aninda Chatterjee, Himanshu Ranjan, Rishi Bajoria, Charu Rajgharia), one Non-Executive Non-Independent Director (Amit Agarwalla), and one Managing Director (Gautam Agarwalla). - Remote e-voting via NSDL scheduled from October 13, 2026 to November 11, 2026.

Routine Neutral

2026-09-25 14:27

- Trading window closed for Designated Persons and their immediate relatives from October 01, 2026. - Closure remains effective until 48 hours after the declaration of financial results for the quarter ended September 30, 2026.

Governance Negative

2026-09-22 16:41

CRITICAL RED FLAG DETECTED

- Two Independent Directors, Mr. Jitendra Kumar Agarwal and Mrs. Rashmi Bihani, resigned from the Board of Kesoram Industries Limited effective September 17, 2026. - The reason for their resignation is stated as a change in control of the Company.

Governance Negative

2026-09-22 16:41

CRITICAL RED FLAG DETECTED

- Two Independent Directors, Mr. Jitendra Kumar Agarwal and Mrs. Rashmi Bihani, resigned from the Board effective September 17, 2026. Due to a change in control of the Company.

Governance Negative

2026-09-12 16:25

CRITICAL RED FLAG DETECTED

- Kesoram Industries reported a change in control/management of its wholly-owned subsidiary, Cygnet Industries Limited, via a Share Purchase Agreement. - Cygnet's Board on September 12, 2026, appointed new Non-Executive, Whole-time, and Independent Directors, and a new Company Secretary. - Three existing Non-Executive Independent Directors and the Company Secretary of Cygnet resigned.

Governance Neutral

2026-09-12 15:29

CRITICAL RED FLAG DETECTED

- Frontier Warehousing Limited completed acquisition of 42.80% equity, gaining control and becoming the new promoter of Kesoram Industries. - Board meeting on Sep 12, 2026, noted resignation of three Non-Executive Independent Directors due to this change. - Appointed Mrs. Nikita Rateria as CS & CO, Mr. Gautam Agarwalla as MD, and four new directors (3 Independent, 1 Non-Executive). - Re-classification of Promoter & Promoter Group and change in registered office approved.

Governance Negative

2026-09-12 15:26

CRITICAL RED FLAG DETECTED

- Frontier Warehousing acquired 42.80% stake, becoming the Promoter. - Board meeting on Sep 12, 2026: 3 directors resigned due to control change. 5 new directors (MD, 3 IDs, 1 NED) and CS appointed. - Promoter group reclassified. Registered office shifted.

Governance Neutral

2026-09-12 15:26

CRITICAL RED FLAG DETECTED

- Frontier Warehousing Limited acquired control of Kesoram Industries, becoming the Promoter. - Board appointed Mrs. Nikita Rateria as CS & CO and Mr. Gautam Agarwalla as Managing Director. - Three directors (including two Independent Directors) resigned; new Independent Directors and a Non-Executive Director were appointed. - Registered office changed; Promoter group re-classified.

Governance Negative

2026-09-12 15:25

CRITICAL RED FLAG DETECTED

- Outcome of Board Meeting held on September 12, 2026, where Frontier Warehousing Limited completed the acquisition of 42.80% equity shares, becoming the new Promoter of the Company. - Mrs. Nikita Rateria appointed as Company Secretary and Compliance Officer. - Three Non-Executive Independent Directors (Ms. Jikyeong Kang, Mrs. Mangala Radhakrishnan Prabhu, Mr. Satish Narain Jajoo) resigned, citing the change in control as the reason. - Mrs. Charu Rajgharia, Mr. Himanshu Ranjan, and Mr. Aninda Chatterjee appointed as new Non-Executive Independent Directors. - Mr. Amit Agarwalla appointed as Additional Non-Executive Director. - Mr. Gautam Agarwalla appointed as Additional Director & Managing Director for five years. - The company's registered office was changed within Kolkata. - The Promoter & Promoter Group was re-classified.

Governance Negative

2026-09-12 15:25

CRITICAL RED FLAG DETECTED

- Frontier Warehousing Limited completed the acquisition of 42.80% equity, gaining control and becoming the new Promoter of Kesoram Industries Limited, increasing its stake to 42.81%. - Three directors, including two Independent Directors, resigned effective September 12, 2026, due to the change in control. - Mrs. Nikita Rateria was appointed as Company Secretary & Compliance Officer. - Four new Directors were appointed: Mrs. Charu Rajgharia, Mr. Himanshu Ranjan, Mr. Aninda Chatterjee as Non-Executive Independent Directors, and Mr. Amit Agarwalla as an Additional Non-Executive Director. - Mr. Gautam Agarwalla was appointed as Additional Director & Managing Director for five years. - The Company's registered office is being shifted within Kolkata. - The promoter & promoter group is being reclassified under SEBI LODR Regulations, 2015.

Governance Negative

2026-09-12 15:25

CRITICAL RED FLAG DETECTED

- Frontier Warehousing Limited acquired control of the company by increasing its stake to 42.81% on September 12, 2026. - Three directors, including two Independent Directors, resigned due to the change in control. - The Board appointed Mrs. Nikita Rateria as CS & CO, three new Independent Directors, and Mr. Gautam Agarwalla as Additional Director & MD.

Governance Neutral

2026-09-12 15:25

CRITICAL RED FLAG DETECTED

- Frontier Warehousing Limited acquired 42.80% equity, becoming the new Promoter. - Board restructured: 3 directors (including 2 Independent) resigned due to control change, replaced by new appointments (CS, 3 Independent, Non-Executive, and MD).

Governance Negative

2026-09-12 15:24

CRITICAL RED FLAG DETECTED

- The Board meeting on September 12, 2026, addressed changes following the acquisition of 42.80% stake by Frontier Warehousing Limited, which became the new Promoter. - Mrs. Nikita Rateria was appointed as Company Secretary & Compliance Officer. - Resignation of 3 Directors (1 Non-Executive, 2 Independent Directors) effective September 12, 2026, due to the change in control. - Appointment of 3 new Independent Directors and Mr. Amit Agarwalla as Additional Non-Executive Director, effective September 12, 2026. - Mr. Gautam Agarwalla was appointed as Additional Director & Managing Director for five years from September 12, 2026. - The company's Promoter & Promoter Group was reclassified.

Governance Neutral

2026-09-12 15:24

CRITICAL RED FLAG DETECTED

- Frontier Warehousing Limited completed the acquisition of 42.80% equity shares, gaining control and becoming the new Promoter of Kesoram Industries Limited as of September 12, 2026. - Mrs. Nikita Rateria was appointed as the Company Secretary and Compliance Officer. - Three directors, including two Non-Executive Independent Directors (Mrs. Mangala Radhakrishnan Prabhu and Mr. Satish Narain Jajoo), resigned due to the change in control, effective September 12, 2026. - Three new Non-Executive Independent Directors (Mrs. Charu Rajgharia, Mr. Himanshu Ranjan, and Mr. Aninda Chatterjee) were appointed. - Mr. Gautam Agarwalla was appointed as Additional Director & Managing Director for five years, and Mr. Amit Agarwalla as an Additional Non-Executive Director. - The company's registered office was shifted, and the Promoter & Promoter Group were reclassified.

Governance Neutral

2026-09-12 14:53

CRITICAL RED FLAG DETECTED

- Frontier Warehousing Limited acquired 42.80% equity, becoming the new Promoter and gaining control. - Board restructuring: 3 directors (2 Independent) resigned; 5 new directors (3 Independent, new MD) appointed. - Mrs. Nikita Rateria appointed Company Secretary & Compliance Officer. - Registered office changed; Promoter Group re-classified.

Governance Neutral

2026-09-12 14:28

CRITICAL RED FLAG DETECTED

- Frontier Warehousing acquired 42.80% stake in Kesoram Industries on Sep 12, 2026, gaining control and promoter status. New Company Secretary, MD (Gautam Agarwalla), and four directors were appointed. Three directors, including two Independent, resigned due to the control change.

Governance Neutral

2026-08-19 17:31

- Kesoram Industries Limited's Board approved the re-appointment of Mr. Rishi Bajoria as a Non-Executive Independent Director for five consecutive years, effective August 18, 2026, subject to shareholder approval.

Governance Neutral

2026-08-19 17:29

- Kesoram Industries' Board approved the re-appointment of Mr. Rishi Bajoria (DIN: 00501157) as a Non-Executive Independent Director for five years, effective August 18, 2026. This is subject to shareholder approval.

Governance Negative

2026-08-07 13:15

CRITICAL RED FLAG DETECTED

- Corrigendum to Board Meeting outcome regarding Snehaa Shaw (Company Secretary & Compliance Officer). - Typographical error corrected: change is due to 'resignation' (not 'change of management') with cessation effective August 31, 2026 (not August 6, 2026).

Governance Negative

2026-08-06 17:50

CRITICAL RED FLAG DETECTED

- Board Meeting held on August 6, 2026. - Appointment of Mr. Rishi Bajoria as a Non-Executive, Independent Director effective August 6, 2026. - Completion of term for Mr. P Radhakrishnan as Wholetime Director and CEO effective August 7, 2026. - Resignation of Mr. Vineet Rai as CEO of Cygnet Industries Limited (material subsidiary) effective August 6, 2026. - Resignation of Ms. Snehaa Shaw as Company Secretary & Compliance Officer, citing being compelled by the 'conduct of the impending new management'.

Governance Negative

2026-08-06 17:28

CRITICAL RED FLAG DETECTED

- Appointment of Mr. Rishi Bajoria as Non-Executive, Independent Director. - Mr. P Radhakrishnan, Wholetime Director & CEO, completed his term. - Resignation of Mr. Vineet Rai, CEO of a material subsidiary. - Resignation of Ms. Snehaa Shaw, Company Secretary & Compliance Officer, citing being 'compelled to do so, due to the conduct of the impending new management'.

Financials Negative

2026-07-31 17:28

- Consolidated Operating Revenue ₹77.66 Cr vs ₹61.05 Cr (▲27.21% YoY) - EBITDA Loss ₹9.87 Cr vs EBITDA Loss ₹90.34 Cr (Loss reduced by 89.07% YoY) - PAT Loss ₹20.19 Cr vs PAT Loss ₹99.34 Cr (Loss reduced by 79.68% YoY) - EBITDA Margin -12.71% vs -147.96% (▲13525 bps)

Financials Negative

2026-07-31 17:26

CRITICAL RED FLAG DETECTED

- Consolidated Revenue ₹77.66 Cr vs ₹61.05 Cr (▲27.21% YoY) - EBITDA ₹-9.29 Cr vs ₹1.79 Cr (▼618.50% YoY) - PAT ₹-20.19 Cr vs ₹-99.34 Cr (▲79.68% YoY, reduced loss) - EBITDA Margin -11.88% vs 2.44% (▼1432 bps) - The Group incurred losses due to lower capacity utilization and higher costs.

Governance Negative

2026-07-21 18:06

- Notice of the 107th Annual General Meeting (AGM) and Annual Report 2025-26. - AGM scheduled for Tuesday, August 18, 2026, at 11:30 a.m. via Video Conferencing (VC)/OAVM. - Agenda includes adoption of audited financial statements for FY 2025-26 and re-appointment of directors. - Remote e-voting facility will be available from August 14-17, 2026, with the cut-off date for voting as August 11, 2026.

Routine Neutral

2026-06-24 14:11

- Intimation of Trading Window closure as per SEBI (Prohibition of Insider Trading) Regulations 2015. - The trading window will remain closed for Designated Persons and their immediate relatives from July 01, 2026. - It will open 48 hours after the declaration of financial results for the quarter ended June 30, 2026.

Financials Negative

2026-05-27 19:40

CRITICAL RED FLAG DETECTED

Consolidated Revenue declined by 4.30% YoY to ₹247.62 Cr from ₹258.76 Cr. EBITDA loss increased by 10.15% YoY to ₹56.93 Cr from ₹51.68 Cr. PAT loss decreased by 20.22% YoY to ₹88.13 Cr from ₹110.47 Cr (indicating a reduction in loss). EBITDA Margin contracted by 302bps to -22.99% from -19.97%. The company reported significant losses, negative net working capital, and auditors highlighted a material uncertainty related to its ability to continue as a going concern.

Financials Negative

2026-05-27 18:38

CRITICAL RED FLAG DETECTED

Consolidated Operating Revenue was ₹6,661.77 lakhs vs ₹6,728.03 lakhs (▼1.0% YoY). EBITDA loss significantly reduced to ₹1,261.64 lakhs from ₹2,562.88 lakhs YoY, with EBITDA Margin improving from -38.09% to -18.94% (▲1915bps). Net Profit (PAT) turned positive at ₹3,106.53 lakhs compared to a loss of ₹2,231.09 lakhs YoY, significantly aided by an impairment reversal of ₹4,809.32 lakhs. The company reported overall losses for the year ended March 31, 2026, and negative net working capital.

Governance Neutral

2026-05-20 18:32

The Board of Directors of Kesoram Industries Limited met on May 20, 2026. Key outcomes include the recommendation for re-appointment of Mrs. Mangala Radhakrishna Prabhu as an Independent Director for a second term, subject to shareholder approval. The meeting was adjourned to May 27, 2026, to consider the audited financial results (Standalone & Consolidated) for the quarter and financial year ended March 31, 2026. The trading window will remain closed until 48 hours post results publication on May 27, 2026.

Governance Neutral

2026-05-20 17:43

Kesoram Industries Limited's Board Meeting on May 20, 2026, recommended the re-appointment of Mrs. Mangala Radhakrishna Prabhu as an Independent Director for a second term, effective May 21, 2026, subject to shareholder approval. The meeting was adjourned to May 27, 2026, to consider audited financial results for the quarter and financial year ended March 31, 2026. The trading window will remain closed until 48 hours after the results are made public on May 27, 2026.

KESORAMIND

Kesoram Industries Limited

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