Company Disclosure
Kesoram Industries Limited (Scrip Code: 502937, Symbol: KESORAMIND) has made a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding receipt of an Arbitral Award.
Key Quantitative Figures
- Original loan amount advanced: ₹955.00 Lakhs (₹9.55 Crore)
- Total award amount determined: ₹5,989.35 Lakhs (₹598.94 Crore)
- Award breakdown: Principal ₹955 Lakhs + Accrued Interest ₹5,034.35 Lakhs
- Original claim amount: ₹9,242.71 Lakhs (including principal plus interest with further interest accruing from April 2026)
Dates of Action
- Arbitral Award date: November 09, 2026
- Date of receipt of award: November 09, 2026
- Disclosure date: November 10, 2026
Parties Involved
- Claimant: Kesoram Industries Limited (the Company)
- Respondent: Kesoram Textile Mills Limited (subsidiary company)
- Arbitrator: Mr. Santanu Jha, Retired District Judge, Sole Arbitrator
Purpose and Context
The arbitration was initiated by Kesoram Industries Limited against its subsidiary Kesoram Textile Mills Limited for non-repayment of an outstanding loan of ₹955.00 Lakhs along with accrued interest that remained unpaid.
Financial Impact
The Arbitral Award represents a receivable of ₹598.94 Crore for Kesoram Industries Limited. The actual recovery is subject to enforcement proceedings. The amount represents a significant recovery opportunity for the company.
Next Steps
The Company is examining the directions contained in the Arbitral Award and will take appropriate steps for enforcement and recovery of the awarded amount from Kesoram Textile Mills Limited in accordance with applicable law.
Disclosure Authentication
Disclosure digitally signed by Nikita Rateria, Company Secretary and Compliance Officer (Membership No. 36115) on November 10, 2026.