Kothari Industrial Corporation Ltd — Updates, 07-06-2025: Company Update

Kothari Industrial Corporation Limited has announced a corrigendum to its Extraordinary General Meeting notice related to the preferential issue of equity shares. The update revises the explanatory statement by detailing changes in the shareholding pattern before and after the issue, increasing total shares from 9.37 Cr to 10.73 Cr. The fund utilization plan includes Rs 37.27 Cr for investing in Phoenix Kothari Footwear Limited, Rs 10 Cr each for setting up a drone factory, expanding the footwear business, and launching new fertilizer products, Rs 20 Cr for working capital and debt settlement, and Rs 11.73 Cr for general corporate purposes.