Kothari Industrial Corporation Ltd — Updates, 22-05-2025: Company Update

Kothari Industrial Corporation Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company has signed an agreement with PayAgri Innovations Pvt. Ltd. to enter the agriculture commodities business. Under this arrangement, KICL will receive purchase orders from institutional clients, retain a profit margin, and issue corresponding purchase orders to PayAgri, which will handle sourcing, procurement, and delivery. This partnership enables KICL to expand into agri-commodities with minimal risk and investment, leveraging PayAgri’s supply chain. The estimated investment in this new business line is Rs. 10 Cr.