5029372026-07-012026-09-305029372026-09-305029372026-03-315029372026-04-012026-09-305029372026-07-012026-09-30in-capmkt:OtherExpenses1Member5029372026-07-012026-09-30in-capmkt:OtherExpenses2Member5029372026-04-012026-09-30in-capmkt:OtherExpenses1Member5029372026-04-012026-09-30in-capmkt:OtherExpenses2Member5029372026-09-30OtherNoncurrentFinancialAssetsDomain15029372026-09-30OtherNoncurrentAssetsDomain15029372026-09-30OtherCurrentFinancialAssetsDomain15029372026-09-30OtherCurrentAssetsDomain15029372026-09-30OtherNoncurrentFinancialLiabilitiesDomain15029372026-09-30OtherCurrentFinancialLiabilitiesDomain15029372026-09-30OtherCurrentFinancialLiabilitiesDomain25029372026-09-30OtherCurrentLiabilitiesDomain15029372026-07-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15029372026-04-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares502937KESORAMINDNOTLISTEDINE087A01019Kesoram Industries LimitedMain BoardEquity2026-04-012027-03-312026-11-122026-11-06INRLakhsQuarterlySecond quarterSingle segmentOthers2026-11-1212:55:002026-11-1214:20:00trueCash Flow IndirectNot applicable2026-07-012026-09-30UnauditedConsolidated844875000748430009197180006373470000-1342400015901100079484000469180001799600001089296000-16957800059408300042450500097034000097034000032747100000003274710001293800034040900000003106637000101.051.05001.051.051.The unaudited financial results for the quarter and six months ended September 30, 2026 the financial results comprise the standalone results of Kesoram Industries Limited the Company and the consolidated results of the Company including its subsidiary collectively referred to as the Group and joint venture. These financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34 Ind AS 34 prescribed under Section 133 of the Companies Act, 2013 the Act read with the Companies Indian Accounting Standards Rules 2015 as amended and is in compliance with the presentation and disclosure requirements of Regulations 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 (as amended). <br /> <br /> 2. Certain erstwhile members of the Promoter and Promoter Group of the Company had entered into a Share Purchase Agreement dated December 04, 2025, SPA with Frontier Warehousing Limited Acquirer for the sale of 132969279 equity shares of the Company representing 4280 of its equity share capital having a face value of Rs10 each in accordance with the Securities and Exchange Board of India Substantial Acquisition of Shares and Takeovers Regulations, 2011 as amended SEBI SAST Regulations. Pursuant to the SPA on September 12, 2026 the Acquirer acquired the aforesaid shares from the erstwhile members of the Promoter and Promoter Group resulting in a change in the promoterscontrol and management of the Company. The acquirer has continued its commitment to the Company by way of letter of support issued to the Company to provide financial assistance to cover all liabilities falling due in foreseeable future. Accordingly, these financial results have been prepared on the basis that the Company will continue as a going concern. <br /> <br /> 3. During the quarter ended September 30, 2026, the Company had initiated legal proceedings against Kesoram Textiles Mill Limited for recovery of certain outstanding receivables together with interest thereon. Subsequent, to the quarter end an arbitral award dated November 09, 2026 was issued in favour of the Company awarding an aggregate amount of Rs. 5,989.35 lakhs comprising principal of Rs. 955.00 lakhs and interest thereon of Rs. 5,034.35 lakhs up to November 08, 2026. The principal receivable had been written off in earlier years Based on the aforesaid award and acceptance from the party the Company has recognised the principal amount and interest accrued thereon up to September 30, 2026 aggregating to Rs. 5,940.83 lakhs as an exceptional item in the financial results for the quarter and half year ended September 30, 2026. <br /> <br /> 4. The Company had performed an impairment assessment in the previous year in respect of its investment in and loan to its wholly owned subsidiary Cygnet Industries Limited. Based on the assessment impairment provisions were recognized as exceptional items in the Standalone Statement of Profit and Loss of a) Rs. 10,810.32 lakhs comprising Rs.5, 291 lakhs towards investment and Rs. 5,519.32 lakhs towards loan for the quarter ended September 30, 2025 and b) Rs. 15, 619.32 lakhs comprising Rs. 10,100.00 lakhs towards investment and Rs. 5,519.32 lakhs towards loan for the six month period ended September 30, 2025 and the year ended March 31, 2026. <br /> <br /> 5. During the previous year the Board had approved the waiver of outstanding interest on loan given to subsidiary for earlier years of Rs 442406 lakhs The same had been recognised and presented as an exceptional item in the standalone statement of profit and loss for the six month period ended September 30, 2025 and year ended March 31, 2026. The Board has also waived the interest for the current financial year. <br /> <br /> 6. During the previous year the expected realization value of the Company’s factory land comprised in its Kesoram Spun Pipes and Foundries KSPF unit was estimated to be lower than its carrying value The provision of Rs. 4,172.11 lakhs on such remeasurement had been recognised and presented as an exceptional item in the standalone and consolidated statement of profit and loss for the six month period ended September 30, 2025, and year ended March 31, 2026. <br /> <br /> 7. During the quarter ended June 30, 2026 based on valuation of assets the Company’s wholly owned subsidiary Cygnet Industries Limited initially recognised an impairment provision relating to its land amounting to Rs480932 lakhs and presented it as an exceptional item in the consolidated statement of profit and loss for the six month period ended September 30, 2025. <br /> <br /> During quarter ended March 31, 2026 the Company’s wholly owned subsidiary reversed the impairment provision recognised earlier resulting in no financial impact for the year ended March 31, 2026. <br /> <br /> 8. The Group has a single reportable segment ie Rayon Transparent Paper and Chemicals in accordance with IndAS Accordingly no separate segment information has been presented for the quarter and six months ended September 30, 2026. <br /> <br /> 9. Share of profit or loss from the joint venture Gondkhari Coal Mining Limited is Rs Nil for all the periods presented in consolidated financial results <br /> <br /> 10. The unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2026, have been reviewed by the Audit Committee and recommended for adoption to the Board of Directors. The Board has considered and approved the same at its meeting held on November 12, 2026, The standalone and consolidated financial results have been subjected to review by the statutory auditors of the Company as required under Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 (Listing Regulations). The statutory auditor has expressed an unmodified report on these unaudited standalone and consolidated financial results.2026-04-012026-09-30UnauditedConsolidated162148200080636000170211800011781270000-57206000337965000145541000942110003793410002077979000-37586100059408300021822200092644000092644000012557800000001255780001111600013669400000003106637000100.40.4000.40.4Power and Fuel86168000Other Expenses93792000Power and Fuel183373000Other Expenses195968000531244500071424000000000955470000324840004848600017651700003862000556424800035450200002197540003828000629330000704587000991102000922000022683600015816600007145908000310663700073134200038379790000383797900010491130000001112000105022500032949000001083174000147495000055590003058500003114090002391290002025488000312790007109000096898000222475500033079290007145908000Other Financial Assets48486000Income Tax Assets (Net)3862000Other Financial Assets704587000Other current assets226836000Lease Liabilities1112000Lease Liabilities1462000Other Financial Liabilities237667000Other current liabilities31279000145541000-32464000-567446000000000-425520000009421100000000006393000000-1840000-666780000-475965000-257743000000-37530000-2539900000000000066800058746000000000000000005000000780600005060400033700000000000200465500016546430001221000011989800000228893000-247600000-24760000285880003828000Remeasurement of post employement benefit obligation1293800012938000Remeasurement of post employement benefit obligation111160001111600000001293800011116000