Kothari Industrial Corporation Ltd — Board Meeting, 17-05-2025: Board Meeting

Kothari Industrial Corporation Limited has announced a board meeting scheduled to approve the financial results for the quarter and half-year. The Board approved the formulation of the "KICL Employee Stock Option Scheme 2025," allowing issuance of up to 46.86 lakh employee stock options with varying exercise prices based on years of service, exercisable over three years. The Board also approved a preferential issue of 1.36 crore equity shares at Rs. 72.60 each, aggregating to Rs. 99 Cr, to promoters and non-promoters. An Extraordinary General Meeting will be held to seek shareholder approval for these proposals.