Kesoram Industries Transfers Control To Frontier Warehousing After 42.80% Stake Acquisition

Frontier Warehousing completed 42.80% acquisition on 12 Sep 2026, stake to 42.81% with control as Promoter. Old promoters to 0.54% seek public tag; board named new MD, directors, CS. Resolves pending control-change uncertainty and ends Birla promoter control. Puts loss-making cash-constrained rayon-paper operations under warehousing acquirer, with funding support now key. Board fully reconstituted with acquirer-linked MD and directors, all subject to shareholder nod. Funding terms, debt service, open-offer take-up and operating turnaround remain undisclosed.