5029372026-01-012026-03-315029372026-03-315029372025-03-315029372025-04-012026-03-315029372026-01-012026-03-31in-capmkt:OtherExpenses1Member5029372026-01-012026-03-31in-capmkt:OtherExpenses2Member5029372025-04-012026-03-31in-capmkt:OtherExpenses1Member5029372025-04-012026-03-31in-capmkt:OtherExpenses2Member5029372026-03-31OtherNoncurrentFinancialAssetsDomain15029372026-03-31OtherNoncurrentFinancialAssetsDomain25029372026-03-31OtherCurrentFinancialAssetsDomain15029372026-03-31OtherCurrentAssetsDomain15029372026-03-31OtherCurrentAssetsDomain25029372026-03-31OtherNoncurrentFinancialLiabilitiesDomain15029372026-03-31OtherNoncurrentFinancialLiabilitiesDomain25029372026-03-31OtherCurrentFinancialLiabilitiesDomain15029372026-03-31OtherCurrentFinancialLiabilitiesDomain25029372026-03-31OtherCurrentLiabilitiesDomain15029372026-03-31OtherCurrentLiabilitiesDomain25029372026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15029372026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25029372025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15029372025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25029372026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares502937KESORAMINDNOTLISTEDINE087A01019KESORAM INDUSTRIES LIMITEDMain BoardEquity2025-04-012026-03-312026-05-272026-05-20INRLakhsQuarterlyFourth quarterSingle segmentOthers2026-05-2715:35:002026-05-2717:15:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31UnauditedConsolidated666177000611190007272960003811650000172460001724800005158100053653000221450000897575000-17027900048093200031065300000003106530000000310653000-1377400001729130003106637000101100111.The audited financial results for the year ended March 31, 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 Indian Accounting Standards (IndAS) notified under Section 133 of the Companies Act 2013 (the Act) read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended). <BR> 2.The Company / Group has incurred losses during the current year amounting to Rs 8821.88 lakhs, due to lower capacity utilization and in turn lower volumes, coupled with higher costs and negative net working capital Rs 5576.93 lakhs as at March 31, 2026. <BR> <BR> During the quarter ended December 31, 2025 , certain members of Promoter / Promoter Group of the Company have entered into a Share Purchase Agreement dated December 04, 2025 (SPA) with Frontier Warehousing Limited (Acquirer) to sell 13,29,69,279 equity shares representing 42.80% of the share capital, having face value of Rs. 10 each, in terms of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (SEBI (SAST) Regulations, 2011). The Acquirer has complied with the Open Offer as per regulatory requirements and is in the process of completing the SPA. In addition to the continuing support by Promoter / Promoter group, the Acquirer has also expressed 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 statements have been prepared on the basis that the Company will continue as a going concern. <BR> 3.The Company had carried out an impairment analysis in respect of its investment and loan in its wholly owned subsidiary, Cygnet Industries Limited. Accordingly, a provision of Rs. 15619.32 lakhs (Rs. 10,100 lakhs towards investment and Rs. 5519.32 lakhs towards loan), and Rs. 19000 lakhs were recognised and presented as an exceptional item in the Standalone statement of profit and loss for the year ended March 31, 2026 and year ended March 31, 2025 respectively. <BR> 4.On loans given to subsidiary, the Board had approved the waiver of accumulated interest of Rs. 4424.06 lakhs which was recognised and presented as an exceptional item in the Standalone statement of profit and loss for the year ended March 31, 2026. The Board has also waived the interest for the current financial year. <BR> 5.The expected realization value of the company's factory land comprised in its Kesoram Spun Pipes and Foundries (KSPF) unit is estimated to be lower than its carrying value. The provision of Rs. 4172.11 lakhs on such re-measurement has been recognised and presented as an exceptional item in the Standalone statement of profit and loss for the year ended March 31, 2026. <BR> 6.During the current quarter, based on valuation of assets, the Company’s wholly owned subsidiary, Cygnet Industries Limited, reversed an impairment provision relating to its land which had been previously recognized and presented as an exceptional item in the consolidated statement of profit and loss for the quarter ended June 30, 2025. Accordingly, an impairment reversal amounting to INR 4,809.32 lakhs has been recognized and disclosed as an exceptional item in the consolidated statement of profit and loss for the quarter ended March 31, 2026. <BR> 7.Consequent to the demerger of the cement division in the previous year, the Group now has a single reportable segment i.e., Rayon, Transparent Paper and Chemicals in accordance with Ind-AS. Accordingly, no separate segment information has been presented for the quarter and year ended March 31, 2026. <BR> 8.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> 9.The Government of India has consolidated existing labour legislations into four comprehensive labour codes effective November 21, 2025. These codes include Code on wages 2019, Code on Social Security 2020, Industrial Relation Code 2020, and Occupational Safety, Health and Working Condition Code 2020 (collectively referred to as the New Labour Codes). However, the final rules under these codes are yet to be notified. <BR> <BR> Pending notification, the Group has evaluated the incremental impact of these changes in accordance with the guidance issued by the Institute of Chartered Accountants of India and has estimated and recognized the additional gratuity and leave liability basis the actuarial valuation. The Group continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. <BR> 10.The audited standalone and consolidated financial results for the quarter and year ended March 31, 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 May 27, 2026. The standalone and consolidated financial results have been subjected to audit 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 opinion on these audited standalone and consolidated financial results. <BR> 11.The standalone and consolidated financial results for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between audited figures in respect of the full financial year and the published unaudited year to date figures up to the end of the third quarter of the respective relevant financial year, which were subject to limited review. <BR> 12.Figures for the previous quarter / year have been regrouped / reclassified wherever necessary to conform to current period's classification <BR> 13. The Company's financial statements are presented in lakhs instead of crores, to align with Schedule III to the Companies Act, 2013 (Ind AS compliant) and the ICAI Guidance Note on Division II – Ind AS Schedule III. This modification impacts presentation only and does not alter the underlying financial amounts. <BR> 2025-04-012026-03-31AuditedConsolidated2476235000557128000303336300013567790000695520007237550002411970002116540008954030003498340000-464977000-417211000-882188000-8640000-8640000-8813240000000-88132400067189000-814135000310663700010594165000-2.84-2.8100-2.84-2.81Power and fuel96307000Other expenses125143000Power and fuel389458000Other expenses505945000536538400032451000022043000955470003248900043745000171781000559165900032203800013679000290262000285880001372400001998180005460710001992480001067357000665901600031066370005951650003701802000370180200012953000003732400013326240000133262400088640000037900028534100028572000035191600015240360001005540000162459000029572140006659016000Other financial assets43454000Income tax asset291000Other financial assets199818000Other current assets186958000Current tax assets (net)12290000Lease liabilities1674000Provisions35650000Lease liabilities2001000Other financial liabilities349915000Other current liabilities28414000Provision72140000241197000422020003331000009799600001339000-368590000-584410000-15138000021165500001891200058000-68212200000000-770000000-699940000-216655000-10988430000183180000-471300000-107003100000000000327604000167140009471200002450000000000000001528800001594550003691900044300000001223400000986180000000000004292010002101790007012000022984100000-17831000-1016820000-10168200013027000028588000Remeasurement of post-employment benefit plans-26792000Fair value changes of investments in equity shares-110948000-137740000Remeasurement of post-employment benefit plans-20727000Fair value changes of investments in equity shares879160006718900000-13774000067189000AuditedtrueWalker Chandiok & Co. LLPtrue2028-05-31