Kesoram Industries News

Kesoram Industries Open Offer Commences at ₹5.48/Share

Frontier Warehousing launches open offer to acquire 26% stake in Kesoram Industries at ₹5.48 per share. Tendering period runs from February 26 to March 12, 2026.

Frontier Warehousing Launches Open Offer for 26% Stake in Kesoram Industries at ₹5.48 per Share

Frontier Warehousing Limited has triggered a mandatory open offer to acquire up to 8.07 crore equity shares representing 26% of Kesoram Industries' voting share capital at ₹5.48 per share, totaling ₹244.26 crores. This follows Frontier's agreement to purchase 42.80% stake from Kesoram's promoter group including Manav Investment and Trading Co. Ltd. and Pilani Investment and Industries Corporation Ltd. at ₹4 per share.

Kesoram Industries Reports Net Loss of ₹239 Crore for Six Months Ended September 2025

Kesoram Industries Limited's Board approved unaudited financial results for the quarter and six months ended September 30, 2025. The company reported a standalone net loss of ₹111.86 crore for the quarter and ₹239.18 crore for the six-month period. On a consolidated basis, the net loss was ₹25.87 crore for the quarter and ₹125.21 crore for six months. The company recorded exceptional items of ₹108.10 crore in the quarter, primarily due to impairment provisions on investment and loans to its subsidiary Cygnet Industries Limited. Revenue from operations remained nil for standalone operations, while consolidated revenue was ₹55.17 crore for the quarter. The company operates in Rayon, Transparent Paper and Chemicals segments following the demerger of its cement division. Basic and diluted earnings per share from continuing operations was negative ₹3.60 for the quarter and negative ₹7.70 for six months on a standalone basis.