Kothari Industrial Corporation Ltd — Updates, 17-05-2025: Company Update

Kothari Industrial Corporation Limited has announced a board meeting on which it approved the formulation of the "KICL Employee Stock Option Scheme 2025," proposing up to 46.86 lakh stock options for eligible employees with vesting over two years and staggered exercise prices based on tenure. The Board also approved a preferential issue of 1.36 crore equity shares at Rs. 72.60 per share, amounting to nearly Rs. 99 Cr, to promoters and non-promoters. Shareholder approval for the ESOP scheme will be sought at an upcoming extraordinary general meeting. This capital raise and employee incentive plan aim to support growth and align employee interests with shareholders.