Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Acquisition of Stake in Kesar Lands Private Limited.

Date: July 29, 2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Security Code: 543542 Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Acquisition of Stake in Kesar Lands Private Limited. Dear Sir/ Madam, Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations, 2015”), we wish to inform that, the Company pursuant to a Share Purchase Agreement executed on July 29, 2026 has acquired 100% equity stake in Kesar Lands Private Limited (“KLPL”) bearing CIN: U70102MH2010PTC209162. Subject to the approval of the shareholders of the Company and such other regulatory or statutory approvals as may be required, the Board of Directors of the Company in their meeting held today i.e. Wednesday, July 29, 2026 has approved the acquisition of 100% of fully paid-up equity share capital of KLPL, for a total Purchase Consideration of ₹ 1,55,85,77,800/- (Rupees One Hundred Fifty Five Crore Eight Five Lakh Seventy Seven Thousand and Eight Hundred Only) (“Purchase Consideration”), by acquiring up to 10,000 fully paid up Equity Shares of face value ₹ 10/- each of KLPL, at an acquisition price of ₹ 1,55,857.78/- each. Further, the Purchase Consideration of Rs. 1,55,85,77,800/- (Rupees One Hundred Fifty Five Crore Eight Five Lakh Seventy Seven Thousand and Eight Hundred Only) will be payable by way of a Share Swap through issuance of up to 17,31,752 Fully paid-up equity shares of Kesar India Limited, on preferential basis, in accordance with Chapter V of the SEBI ICDR Regulations, the Companies Act, 2013 and other applicable laws, and subject to approval of the shareholders of the Company, and such other regulatory/ statutory approvals as may be required, having face value of Rs. 10/- (Rupee Ten Only) each, at an Issue price of Rs. 900/- per equity share to the existing shareholders of the Company. Pursuant to the aforesaid acquisition, Kesar Lands Private Limited has become Wholly Owned Subsidiary Company of Kesar India Limited. The details as required under SEBI LODR Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 are given as Annexure - A. Thanking you, Yours faithfully, For Kesar India Limited Aditi Deshmukh Company Secretary & Compliance Office End: 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 Annexure – A Details as required under SEBI LODR Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 Sr. No. Particulars Details a) Name of the target entity, details in Kesar Lands Private Limited (KLPL)CIN: brief such as size, turnover etc. U70102MH2010PTC209162) was incorporated on October 19, 2026 under the Companies Act, 2013. Its authorized share capital is ₹ 10,00,000/- and its paid-up capital is ₹ 1,00,000/- Its registered office is situated at 2nd Floor, Saraf Chambers, Mount Road, Sadar, Nagpur – 440001, Maharashtra. The main objects of KLPL are to carry on the business of to carry on the business acquire, buy, sell, purchase, lease, develop, renovate, improve, maintain, exchange or otherwise own property, estate, lands, buildings, flats, garages, houses, factories, multiplex, malls, shopping complex, schools, hospitals, chawls, dwelling house or own or be interested therein, with any landed properties of any tenure or description and any estate or interests therein together with all buildings and structures standing thereon with any rights connected with such lands, estates, buildings, garages, or other immovable properties, commission agent, broker. The turnover of KLPL for the period ended on March 31, 2026 is NIL. b) Whether the acquisition would fall Yes. within related party transaction (s) Kesar Lands Private Limited is a related party of the and whether the promoter/ promoter Company as per the provisions of the Companies Act, group/ group companies have any 2013. interest in the entity being acquired? If yes, nature of interest and details The Promoter Group holds shares in KLPL, the details thereof and whether the same is done of their shareholding are mentioned below: at “arms’ length”. Sr. Name of No. of % of No. Shareholder Shares Shares held held 1 Yash Gopal Gupta 5,000 50 2 Sangeeta Gopal 5,000 50 Gupta The investment is done by the Company on an arm’s length basis. 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 c) The industry to which the entity being Construction and Real Estate Development acquired belongs d) Objects and effects of acquisition Acquisition is done pursuant to a Share Purchase (including but not limited to, Agreement (‘SPA’) dated July 29, 2026 entered into disclosure of reasons for acquisition with the shareholders of Kesar Lands Private Limited. of target entity, if its business is Post this acquisition, the Company’s holding in Kesar outside the main line of business of Lands Private Limited would be 100%. the listed entity). The acquisition will enable the Company to strengthen its presence in the real estate and infrastructure sector by expanding its capabilities in project development, execution, and allied activities. The investment is expected to provide access to new business opportunities, enhance the Company's project portfolio and support its long-term growth strategy by creating sustainable value for its stakeholders. e) Brief details of any governmental or Apart from approval required pursuant to provisions of regulatory approvals required for the Companies Act, 2013 read with the provisions of SEBI acquisition (Issue of Capital and Disclosure Requirements) Regulations, 2018, no other government or regulatory approval is required for the acquisition. f) Indicative time period for completion Acquisition will be completed within a period of 15 of the acquisition. (fifteen) days from the later of: (i) date of the approval of special resolution for preferential issue of equity shares; or (ii) receipt of last of the approval/ permission required for allotment under the preferential issue from any regulatory authority or the Central Government (including but not limited to the in-principle approval of the stock exchange) for issuance of the equity shares to the proposed allottees. g) Nature of consideration (whether The consideration will be discharged by the Company cash consideration or share swap and through consideration other than cash i.e. Swap of details of the same). Shares. h) Cost of acquisition and/or the price at Aggregate cost of acquisition: Rs. 1,55,85,77,800/- which the shares are acquired. i) Percentage of shareholding / control The Company proposes to acquire 10,000 equity shares acquired and / or number of shares of M/s Kesar Lands Private Limited, pursuant to which acquired. it will hold 100% of the shareholding in Kesar Lands Private Limited. 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 j) Brief background about the entity KESAR LANDS PRIVATE LIMITED was acquired in terms of products/line of incorporated on October 19, 2026 having its registered busine [Showing first 8,000 characters — download PDF for full document]