Annual Report FY 2025-26

September 08, 2026 The Corporate Relationship Department, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001. Scrip Code: 543542 Dear Sir/Ma’am, Subject: Annual Report – FY 2025-26 & Notice of 22nd Annual General Meeting. With reference to the captioned subject, we inform that 22nd Annual General Meeting (“AGM”) of the Company will be held on Wednesday, September 30, 2026 at 11:30 a.m. through Video Conferencing (“VC”)/Other Audio-Visual Means (“OAVM”), in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. Pursuant to regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Annual Report for the FY 2025-26 and notice of 22nd AGM. The said reports are being sent to the shareholders through e-mail and have been uploaded on the “investor relations” section of the website of the Company www.kesarlands.com. The “cut-off date” for determining eligibility of shareholders for remote e-voting/e-voting at AGM and for attending AGM is fixed as Wednesday, September 23, 2026. The remote e-voting period shall commence from Sunday, September 27, 2026 at 9.00 a.m. and will end on Tuesday, September 29, 2026 at 5.00 p.m. The detailed instruction with regard to the remote e-voting/e-voting at AGM and procedure for attending AGM is provided in the notice of AGM which are being sent to shareholders and submitted to stock exchange. Kindly take the same on your record. Thanking you, Yours Faithfully, For Kesar India Limited Aditi Deshmukh Company Secretary and Compliance Officer Encl: as above KESAR INDIA LIMITED (Formerly known as Kesar India Private Limited, Kesar Impex (India) Private Limited) Website: www.KesarLands.Com, Email: Info@KesarLands.com, Tel: +91 7122546666, +91 7122568888 Registered Office: 2nd Floor, Saraf Chambers, Mount Road, Sadar, Sadar Bazar, Nagpur 440 001 MH India. CIN: L51220MH2003PLC142989 KESAR INDIA LIMITED ROOTED IN TRUST. FOCUSED ON TOMORROW. Annual Report 2025-26 Corporate Overview......................................04 05Make The 06 Message from the 08 Message from 10 About Kesar Right Moves Founder & Chairman the Chairman India Limited Emeritus TABLE OF 12 Subsidiaries: 18 Our Team, Vision, 20 Our Projects, 23 Our Expanding Our Mission Our Pride Strengths Business Footprint CONTENTS 23 Our 24 Our Board of 26 Awards & Affiliates Directors Recognition Statutory Report...........................................28 30 Management Discussion 41 Corporate Information 42 Notice and Analysis Report 2025-2026 57 Director’s 83 Corporate Report Governance Report Financial Statements.104 106 Standalone 118 Standalone Financial Audit Report Statements 200 Consolidated 208 Consolidated Audit Report Financial Statements Corporate Overview Statutory Reports Standalone Financial Statement Consolidated Financial Statement Corporate Overview Statutory Reports Standalone Financial Statement Consolidated Financial Statement Make The Right Moves Kesar Lands When it comes to the field of real estate, it’s Our team of experts is always here to provide important to make informed decisions in order to guidance and support every step of the way, Pioneering Paths, Setting Standards in Real Estate achieve success and growth. Kesar India Limited ensuring that you are equipped with the understands the complexities of the industry and information you need to make the best decisions Kesar India Limited holds a prominent position in the domain of real estate takes pride in helping our clients navigate the for your investments. We understand that every development, focusing on creating world-class leisure, luxury family various challenges that come with real estate client has unique needs and goals, which is why residential, and commercial projects. Holding the prestigious investments. We firmly believe that success in we take a personalized approach to every project ISO – 9001:2015 certification, Kesar Lands takes pride in its affiliation with this field requires a combination of knowledge, we undertake. With our expertise and commitment experience, and a willingness to take calculated to excellence, you can trust that you are in good esteemed industry bodies: Confederation of Indian Industry (CII), Indian risks. By connecting with us, you can rest assured hands. Chamber of Commerce (ICC), Federation of Indian Chambers of Commerce that you are making the right moves towards and Industry (FICCI), The Associated Chambers of Commerce & Industry of achieving your real estate goals. India Assocham (ASSOCHAM). 4 Kesar India Limited/Annual Report Kesar India Limited/Annual Report 5 Corporate Overview Statutory Reports Standalone Financial Statement Consolidated Financial Statement Corporate Overview Statutory Reports Standalone Financial Statement Consolidated Financial Statement Message Message from the Founder & Chairman Emeritus Dear Valued Stakeholders, It gives me immense pleasure to address you and reflect on the remarkable journey of our organization. Over the years, our growth has been driven by a steadfast commitment to excellence, integrity, innovation, and the trust reposed in us by our stakeholders. The business environment continues to evolve rapidly, presenting both opportunities and challenges. Through resilience, adaptability, and a strong sense of purpose, our Company has consistently demonstrated its ability to navigate changing market dynamics while creating sustainable value for all stakeholders. I extend my sincere gratitude to our shareholders, customers, business partners, lenders, and regulatory authorities for their continued confidence and support. I would also like to acknowledge the dedication and hard work of our employees and leadership team, whose commitment remains the cornerstone of our success. As I look toward the future, I am confident that the Company is well-positioned to achieve new milestones. Guided by strong governance practices, strategic vision, and a focus on sustainable growth, we will continue to build on our legacy while embracing emerging opportunities. Thank you for your unwavering trust and partnership. Together, we will continue to create lasting value and contribute meaningfully to the communities we serve. Sincerely, Mr. Gopal Gupta Founder & Chairman Emeritus 6 Kesar India Limited/Annual Report Kesar India Limited/Annual Report 7 Corporate Overview Statutory Reports Standalone Financial Statement Consolidated Financial Statement Corporate Overview Statutory Reports Standalone Financial Statement Consolidated Financial Statement Widening Our Horizons FY26 also laid the groundwork for a considered diversification beyond our core Nagpur residential and plotted-development MESSAGE FROM THE business. We took our first steps internationally, establishing Kesar Middle East – FZCO and its step-down subsidiary, Oriole Trading FZ-LLC, in Ras Al Khaimah, UAE, as we explore opportunities in Dubai’s real estate and PropTech landscape, CHAIRMAN and we began evaluating entry into the solar power sector, consistent with the direction in which India’s economy – and our own values around sustainable, community-centric development – are heading. “At Kesar Group of Companies, our journey is more than just business That groundwork has already begun to bear fruit. In the weeks since the year closed, our infrastructure subsidiary, it is a legacy. This year, we took the deliberate step of moving from Kesar Infraventures, secured its first significant third-party contract – an approximately ₹160 crore EPC contract for opportunity-led growth to a structured, scalable real estate development a large-scale residential redevelopment project at Byculla, Central Mumbai – giving us an early foothold in one of portfolio– one built to serve Central India and, in time, the country.” the country’s largest and most active urban-redevelopment markets, and the first proof that Kesar India’s execution capab [Showing first 8,000 characters — download PDF for full document]