Kesar Reports Strong H1 FY26 Results, Acquires Nexa Infraspace Stake, and Announces Director Resignation
Kesar, a leading real estate development company, released its H1 FY26 results, showing robust revenue growth in both standalone and consolidated operations. The company also acquired a significant stake in Nexa Infraspace and announced a director resignation.
Real EstateFinancial ResultsCorporate GovernanceStrategic InvestmentCapital RaisingReal EstateNov 05, 2025
Kesar's financial results for H1 FY26 highlight positive performance:
Financial Performance:
- Revenue from Operations:
- Standalone: ₹2,981.44 lakh
- Consolidated: ₹2,985.38 lakh
- Profit After Tax:
- Standalone: ₹134.99 lakh
- Consolidated: ₹110.87 lakh
These figures indicate a stable and growing financial position, with the consolidated revenue slightly higher than the standalone figures.
Strategic Investment:
Kesar has made a significant move into the real estate development sector by acquiring a 10% stake in Nexa Infraspace Private Limited. The investment totals ₹10,000 for 1,000 equity shares at a face value of ₹10 each. Nexa Infraspace, incorporated in March 2024, focuses on real estate development with an authorized capital of ₹5 lakh and a paid-up capital of ₹1 lakh. This strategic investment aligns with Kesar's goal to expand its real estate portfolio and tap into new markets.
Corporate Governance Update:
Kesar announced a change in its board composition with the resignation of Mr. Ajay Pandey as an Independent Director, effective November 5, 2025. Mr. Pandey's resignation was due to pre-occupation, and the company has thanked him for his contributions during his tenure.
Capital Raising:
To strengthen its financial position, Kesar has approved the allotment of equity and warrants on a preferential basis. The total amount for this capital raising initiative is ₹273.72 crore, with ₹70.71 crore already received and ₹203.01 crore pending, to be received within 18 months. This move is expected to provide the company with the necessary capital to support its growth and strategic initiatives.
The board meeting, which concluded these matters, was held on November 5, 2025, from 3:38 p.m. to 5:15 p.m. Kesar's strategic moves, including the investment in Nexa Infraspace and the capital raising initiative, suggest a focus on expanding its real estate development activities. The financial results indicate a stable performance, and these developments may impact the company's future growth trajectory and financial performance.
Investors and stakeholders should note that these changes, along with the resignation of the Independent Director and the pending receipt of the remaining preferential issue amount, are important factors to consider in evaluating the company's governance and financial outlook.
Kesar's board continues to focus on growth and strategic expansion, ensuring the company remains a leader in the real estate development sector.
Frequently Asked Questions
What were Kesar's revenue figures for H1 FY26?
Kesar reported a revenue from operations of ₹2,981.44 lakh in standalone operations and ₹2,985.38 lakh in consolidated operations for H1 FY26.
What strategic investment did Kesar make in H1 FY26?
Kesar acquired a 10% stake in Nexa Infraspace Private Limited for ₹10,000, focusing on real estate development.
Who resigned from Kesar's board and why?
Mr. Ajay Pandey resigned as an Independent Director, effective November 5, 2025, due to pre-occupation.
How much capital is Kesar raising through the preferential allotment of equity and warrants?
Kesar is raising a total of ₹273.72 crore through the preferential allotment of equity and warrants, with ₹70.71 crore already received and ₹203.01 crore pending.
What is the significance of Kesar's financial results and strategic moves?
Kesar's financial results and strategic moves, including the investment in Nexa Infraspace and the capital raising initiative, indicate a focus on growth and expansion in the real estate development sector, potentially impacting the company's future performance and market position.
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