Kesoram Industries, a B K Birla group firm, reaffirms commitment to loss-making subsidiary Cygnet Industries Ltd, with plans to engage Futamura as strategic investor post cement business demerger. AGM attended by shareholders and schoolgirls, missing Manjushree Khaitan, chaired by Satish Narain Jajoo. CFO reveals fund infusion of Rs 45-60 crore needed for Cygnet to boost turnover to Rs 1,000 crore, focusing on innovative packaging products like biodegradable cellulose transparent paper.
