Kesar Enterprises logo

Kesar Enterprises MD, chairman, board of directors and AGM

BSE: 507180Agricultural Food & other ProductsSmall Cap

Last close ₹10.78down ₹0.22 (2.00%)

Share price at the BSE close on 23 Oct 2026. Previous close ₹11.00.

52-week range of traded prices to 23 Oct 2026
₹4.10Low, 2 Mar 2026₹13.47High, 24 Sep 2026
Market cap
₹109 Cr3,308th largest listed
P/E
Lossover the last 12 months
P/B
1.5
Dividend yield
Nonein the last 12 months
ROE
−54.1%
ROCE
−59.2%
Debt to equity
0.10
Volume, BSE
120

Kesar Enterprises board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonHARSH RAJNIKANT KILACHAND
  • Company Secretary and Compliance OfficerGAURAV SHARMA

5 directors3 independent1 executive1 non-executive

  • HARSH RAJNIKANT KILACHAND · ChairpersonExecutive · joined Aug 2010 · reappointed Aug 2025 · 2 listed boards · 2 committee seats
  • MAHESH AMBALAL KUVADIAIndependent · joined Jul 2016 · reappointed Jul 2021 · 120 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 2 as chair
  • RANJANA ASHOK SINHAIndependent · joined Sep 2019 · reappointed Sep 2024 · 81 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • NARENDRA MAIRPADYIndependent · joined Nov 2020 · reappointed Nov 2025 · 68 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 2 as chair
  • DEVENDRA JITENDRA SHAHNon-executive · joined Aug 2022 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • RISHABH PANKAJ SHAH, left 28 Feb 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 29 May 20265 of 5 present3 independent
    • 30 Apr 20265 of 5 present3 independent · 75 days in between
    • 13 Feb 20265 of 5 present3 independent

  • Audit Committee

    Chair MAHESH AMBALAL KUVADIA

    HARSH RAJNIKANT KILACHAND, RANJANA ASHOK SINHA, NARENDRA MAIRPADY

    • 29 May 20264 of 4 present3 independent · 104 days in between
    • 13 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair MAHESH AMBALAL KUVADIA

    HARSH RAJNIKANT KILACHAND, RANJANA ASHOK SINHA, NARENDRA MAIRPADY

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair MAHESH AMBALAL KUVADIA

    HARSH RAJNIKANT KILACHAND, DEVENDRA JITENDRA SHAH

    • 13 Feb 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair MAHESH AMBALAL KUVADIA

    HARSH RAJNIKANT KILACHAND, DEVENDRA JITENDRA SHAH

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Chandabhoy JassoobhoyPeer-review certificate valid to Oct 2026
1 earlier auditor
  • V C Shah & Co.Named in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Kesar Enterprises AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Kesar Enterprises dividend history

Annual general meeting, 20 Aug 2026

5,722 shareholders on the register on 13 Aug 2026; present: 6 promoters and 36 others; votes counted by DHRUMIL MAHENDRA SHAH / DHRUMIL M. SHAH & CO LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited Balance Sheet as at 31st March, 2026 and Statement of Profit & Loss for the period ended on that date together with the Reports of Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 71.03% · promoters 94.98% · institutions 0.00% · other public 14.39%

  2. To appoint a Director in place of Shri Devendra J Shah (DIN: 03095028), who retires by rotation and being eligible,offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 71.03% · promoters 94.98% · institutions 0.00% · other public 14.39%

  3. Ratification of Remuneration payable to Cost Auditor for Financial Year 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 71.03% · promoters 94.98% · institutions 0.00% · other public 14.39%

  4. Approval on Material Related Party Transactions with Kesar Terminals & Infrastructure Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 4.03% · promoters 0.00% · institutions 0.00% · other public 14.39%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 20 Sep 2019, 4 resolutions

Present: 8 promoters and 34 others.The company's voting result (opens in a new tab)

  1. to receive consider and adopt the audited balance sheet as at 31st March, 2019 and statement of profit and loss for the period ended on that date together with the report of board of directors and auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.78% · promoters 99.87% · institutions 59.15% · other public 10.16%

  2. To appoint a Director in place of Shri H R Kilachand [DIN 00294835], who retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.78% · promoters 99.87% · institutions 59.15% · other public 10.16%

  3. To Ratify the Appointment and payment of remuneration to Rishi Mohan Bansal, Cost Accountant, Kanpur (Registration No.000022) as Cost Auditor, to conduct the audit of the Cost Records of the Company relating to Sugar & Industrial Alcohol and Electricity for the year ending 31st March, 2020.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.78% · promoters 99.87% · institutions 59.15% · other public 10.16%

  4. Reappointment of Shri H R Kilachand as Whole-Time Director designated as Chairman & Managing Director and payment of his remuneration.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.78% · promoters 99.87% · institutions 59.15% · other public 10.16%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 14 Aug 2018, 5 resolutions

Present: 6 promoters and 26 others.The company's voting result (opens in a new tab)

  1. Adoption of the audited Balance Sheet for the year ended 31st March, 2018 and Statement of Profit & Loss for the period ended on that date together with the Reports of Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.54% · promoters 99.87% · institutions 59.15% · other public 9.23%

  2. Re-appointment of Shri H R Kilachand, who retires by rotation, as Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.44% · promoters 91.06% · institutions 59.15% · other public 9.23%

  3. Ratification of Appointment / Remuneration of R M Bansal as Cost Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.54% · promoters 99.87% · institutions 59.15% · other public 9.23%

  4. Appointment of Shri A S Ruia as an Independent Director of the Company for the 2nd Term of 5 years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.54% · promoters 99.87% · institutions 59.15% · other public 9.23%

  5. Ratification of Appointment of Shri D J Shah as a Whole-Time Director of the Company from 27.01.2018 to 30.04.2018
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.53% · promoters 99.87% · institutions 59.15% · other public 9.21%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeCentral Excise DepartmentSince 18 Aug 2017
    This matter is filed in relation to CENVAT Credit availed on molasses and the same is pending before Hon'ble High Court, Allahabad as an appeal filed by the Department.
    At the filing before: Same as current status
  • Tax disputeCentral Excise DepartmentSince 24 Apr 2018
    This matter was filed in relation to demand of excise duty on sale of electricity. The Department has dropped the said proceedings vide order dated 07.08.2025 and hence, this matter was closed. Subsequently, the department filed an appeal before the Commissioner (Appeals) against the order dated 07.08.2025, which was in our favour. Therefore, the case was re-opened and was pending for hearing. Hearing done on 11.03.2026, favourable order awaited.MoreLess
    At the filing before: Same as current status

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Dec 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.