Sugar stock locked in upper circuit after Board announces record date for 1:10 stock split
DSIJ Intelligence-1 / 28 Aug 2025/ Categories: Bonus and Spilt Shares, Mindshare, Trending
The stock is up by 68.5 per cent from its 52-week low of Rs 61 per share.
On Thursday, shares of Kesar Enterprises Ltd were locked in a 5 per cent upper circuit to an intraday high of Rs 102.80 per share from its previous closing of Rs 97.95 per share. The stock has a 52-week high of Rs 187 per share and a 52-week low of Rs 61 per share. The shares of the company saw a spurt in volume by more than 3 times on the BSE.
Kesar Enterprises Ltd is reclassifying its authorised share capital, converting preference shares to equity shares. This will be followed by a 1:10 stock split, reducing the face value of shares from Rs 10 to Re 1 to enhance liquidity and attract retail investors. The company also plans to increase its authorised capital from Rs 22 crore to Rs 28 crore. The Board fixed the record date as Thursday, September 18, 2025.
About the Company
Kesar Enterprises Ltd, an entity incorporated in 1933 and part of the Kilachand Group, is a diversified company with operations spanning sugar production, spirit and ethanol manufacturing, and bagasse-based power generation. The company has a significant presence in the renewable energy sector, having entered into a 20-year Power Purchase Agreement with the Uttar Pradesh Power Corporation for the sale of electricity. Beyond its core sugar and power businesses, Kesar Enterprises Ltd also operates in the agro-product segment, producing open-pollinated and hybrid seeds under the "Kesar seeds" brand, supported by an in-house research division located in Hyderabad.
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The company has a market cap of over Rs 100 crore. In Q4FY25 results, the company reported net sales of Rs 63 crore and net loss of Rs 16 crore while in its FY25 results, the company reported net sales of Rs 334 crore and net loss of Rs 73 crore. The stock is up by 68.5 per cent from its 52-week low of Rs 61 per share. The promoters of the company sold 3,422 shares and decreased their stake to 70.73 per cent in June 2025 compared to 70.76 per cent in March 2025.
Disclaimer: The article is for informational purposes only and not investment advice.