Kesoram Industries Limited (NSE: KESORAMIND, BSE: 502937)

Date of announcement: 12 September 2026

Kesoram Industries Limited filed a Regulation 30 (LODR) notice with the BSE, NSE and Calcutta Stock Exchange, reporting the outcomes of its Board meeting held on 12 September 2026.

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1. Major Share‑holding change

• Acquisition: Frontier Warehousing Limited completed the purchase of 13,29,69,279 equity shares (≈ 42.80 % of the paid‑up capital) on 12 September 2026 under the Share Purchase Agreement dated 4 December 2025.
• Resulting holding: Frontier Warehousing’s stake rose from 0.01 % (84,525 shares) to 13,30,53,804 shares (≈ 42.81 %).
• Control: The acquisition gives Frontier Warehousing control of the Company and it is now the Promoter under SEBI LODR regulations.

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2. Board resolutions approved under Regulation 30

2.1 Appointment of Company Secretary & Compliance Officer

• Mrs. Nikita Rateria appointed with effect from 12 September 2026.
• Qualified Company Secretary, Associate Member of ICSI (Membership A36115).

2.2 Resignations of Directors (effective close of business, 12 Sept 2026)

Director	DIN	Position
Ms. Jikyeong Kang	08045661	Non‑Executive (Non‑Independent)
Mrs. Mangala Radhakrishnan Prabhu	06450659	Non‑Executive Independent
Mr. Satish Narain Jajoo	07524333	Non‑Executive Independent

Reason: Change in control of the Company; no other material reasons disclosed.

2.3 New Independent Directors (subject to shareholder approval)

Director	DIN	Brief profile
Mrs. Charu Rajgharia	05329700	Senior partner, Design Definitions, Kolkata – project design & corporate‑domestic projects
Mr. Himanshu Ranjan	10950872	37 years at Indian Oil Corp – energy management, marine fuels, institutional business
Mr. Aninda Chatterjee	01760865	37 years in finance, restructuring, digital platforms, governance

2.4 Additional Non‑Executive Director

• Mr. Amit Agarwalla (DIN 00413345) appointed for a 5‑year term (until 11 Sept 2031).
• MBA, Manchester Business School; 16 years with the business; brother of the newly appointed Managing Director.

2.5 Additional Director & Managing Director

• Mr. Gautam Aggarwalla (DIN 00413204) appointed as Managing Director for a 5‑year term (until 11 Sept 2031).
• Finance, Marketing & Economics graduate (Wharton); associated with the warehousing business since 1996; brother of Mr. Amit Agarwalla.

2.6 Change of Registered Office

• From 9/1 R.N. Mukherjee Road, Birla Building, Kolkata‑700001
• To East India House, 20B Abdul Hamid Street, 3rd Floor, Kolkata‑700069 (same city).

2.7 Re‑classification of Promoter & Promoter Group

• The promoter group is being re‑classified under Regulation 31A of the SEBI LODR Regulations, 2015 (details in Annexure F).

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3. Key Managerial Personnel authorised for disclosures

No.	Name	Designation	Contact
1	Mr. Samir Kumar Ray	Chief Financial Officer	Samir.ray@kesoramrayon.com
2	Mrs. Nikita Rateria	Company Secretary & Compliance Officer	nikita.rateria@kesoram.com

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4. Meeting details

• Commencement: 11:20 a.m.
• Conclusion: 11:45 a.m.

The Board confirmed that all statutory filings (DIR‑12, etc.) will be made within the prescribed timelines.

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Bottom line for investors

• Control shift: Frontier Warehousing now holds a controlling stake, effectively becoming the promoter.
• Board overhaul: Three existing directors resigned; six new directors (three independent, one additional non‑executive, one Managing Director) were appointed, indicating a fresh governance structure aligned with the new promoter.
• Operational continuity: No material financial results or performance metrics were disclosed in this filing; the announcement is primarily regulatory and governance‑focused.

Investors should monitor subsequent filings for any updates on the company’s strategic direction, financial performance, and compliance with the new promoter’s objectives.