KIL/SE/Reg. 30/2022-2023

16 January, 2023

BSE Ltd.

National Stock Exchange of India Ltd.

The Calcutta Stock

Phiroze Jecjeebhoy Towers,

"Exchange Plaza",

Exchange Ltd.

Dalal Street,

Bandra-Kurla Complex, Bandra (E),

7, Lyons Range,

Murnbai - 400001

Mumbai - 400051

Kolkata - 700001

Equity Scrip Code - 502937

Scrip code - KESORAMIND

Scrip code -10000020

NCD Scrip Code - 973060

Dear Sir / Madam,

Sub: Outcome of Board Meeting held on January 16, 2023

Reg.: Regulation 30 of SEBI (LODR) Regulations, 2015.

This is in continuation of our letter dated January 7, 2023 advising you of a Board Meeting today, January 16, 2023.

We now advise that the Board of Directors of the Company ("the Board") at today's Meeting, approved INTER ALIA the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended December 31, 2022.

Pursuant to Regulations 33, 52, 54 & 60 of SEBI (LODR) Regulations, 2015, we enclose herewith the following:

  1. Statement of Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended December 31, 2022.
  2. Limited Review Report for the quarter and nine months ended December 31, 2022 issued by the Statutory Auditors of the Company.
  3. Statement of utilisation of fund raised through issue of Preference Shares under private placement basis and its variation/deviation.
  4. Asset coverage certificate

The Board is further contemplating a possible disposition of its property comprised in its HHC unit presently under suspension of work.

A Special Resolution is being proposed for consideration by the General Body as per Section 180(1) of the Companies Act, 2013. Such Resolution which essentially is an enabling one will be proposed through the process of Postal Ballot, the Notice whereof was also approved.

Disclosure of information mandated under Regulation 30 of the SEBI (LODR) Regulations, 2015 read

with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 has no application at this point in time as a disposition is merely under contemplation. If and when a disposition does happen and a binding agreement is executed, Exchanges will be duly advised of such development except for the figure of net worth (as per (a) of the attached Annexure) for the present since the Resolution now proposed is merely an enabling one. The Annexure, duly completed, is nonetheless attached.

The Meeting commenced at 1:45 P.M. and concluded at 3:05 P.M.

This is for your information.

Yours faithfully,

For Kesoram Industries Limited

GAUTAM GANGULI

Digitally signed by

GAUTAM GANGULI Date: 2023.01.16 15:19:47 +05'30'

Gautam Ganguli Company Secretary

Encl: As above

Annexure to Communication dated January 16, 2023

Disclosure of information pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015

Sl No.

Particulars

Details

A

the amount and percentage of the turnover or revenue

Turnover/Revenue/Income - Nil

or income and net worth contributed by such unit or

Net worth Rs.230 crores.as at

division of the listed entity during the last financial year;

31 March, 2022.

  • date on which the agreement for sale has been entered into;
  • the expected date of completion of sale/disposal;
  • consideration received from such sale/disposal;
  • brief details of buyers and whether any of the buyers Will be intimated if and when belong to the promoter/ promoter group/group agreement gets executed. companies. If yes, details thereof;
  • whether the transaction would fall within related party transactions? If yes, whether the same is done at "arms length";
  • additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale

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Kesoram Industries Ltd. published this content on 16 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 January 2023 10:19:11 UTC.