Kesar Enterprises Approves ₹431 Crore Slump Sale To Avadh Foods

Board approved slump sale of Baheri sugar, distillery, cogen undertaking, covering 100% revenue, to Avadh Foods for Rs 431 cr less liabilities; MOU signed. First sale of core operating base, a step beyond talked-about non-operating asset sales; offers potential funding route for pending SDF settlement and debt repair. Net proceeds after liabilities undisclosed; needs shareholder nod, BTA by Jun 2027. Buyer new since Mar 2026 in unrelated warehousing; funding risk remains, leaves no operating base.