Kesar Enterprises Limited’s Board of Directors has approved a One-Time Settlement (OTS) for its outstanding Cogeneration Loan, sanctioned by the Sugar Development Fund (SDF) through IFCI Limited. The settlement amount must be paid within six months from the administrative approval date of August 18, 2026. This move aims to conclusively settle the company’s dues under the statutory scheme.
OTS Approval for Cogeneration Loan
Kesar Enterprises Limited has announced that its Board of Directors has officially accepted a One-Time Settlement (OTS). This settlement pertains to outstanding dues under a Cogeneration Loan previously availed from the Sugar Development Fund (SDF), which is administered through IFCI Limited. The acceptance was formalized during a board meeting on August 25, 2026.
Details of the Settlement
The company’s decision to opt for the OTS was made in accordance with the statutory framework provided by the Sugar Development Fund Act, 1982, and its subsequent rules. This initiative is intended to conclusively settle the outstanding dues related to the Cogeneration Loan. The Administrative Approval for this OTS was received on August 18, 2026. Kesar Enterprises Limited is required to remit the agreed-upon settlement amount within a period of six months from this approval date.
The disclosure is being made promptly following the board’s acceptance, which was confirmed late on August 25, 2026.
Source: BSE
