Key Event Details
The Board of Directors of Kesar Enterprises Limited accepted a One-Time Settlement (OTS) sanctioned by Sugar Development Fund (SDF) through IFCI Limited. The acceptance occurred on 25th August, 2026.
Reasons for OTS
The Company had outstanding dues under a Cogeneration Loan availed from the Sugar Development Fund (SDF), which is administered through IFCI Limited. The OTS was processed in accordance with the statutory scheme under the Sugar Development Fund Act, 1982, read with the Sugar Development Fund Rules, 1983, to conclusively settle these dues.
Settlement Terms
The Company received Administrative Approval letter dated August 18, 2026, approving the OTS of the Cogeneration Loan. The settlement amount is required to be paid within a period of 6 months from the date of this Administrative Approval.
Disclosure Timing
The disclosure was filed on August 26, 2026, as the Board acceptance was received in the late evening of August 25, 2026.
Financial Impact
Financial impact not quantified in the disclosure. The settlement amount is not specified.