Kothari Industrial Corporation Ltd — Others, 13-06-2025: AGM/EGM

Kothari Industrial Corporation Limited has announced a board meeting through video conference where key approvals were sought, including the introduction of the KICL Employee Stock Option Scheme 2025 and granting employee stock options exceeding 1% of the issued capital. The company also approved issuing 1,36,37,600 equity shares on a preferential basis, sought consent to change the utilization of proceeds from this issue, and approved material related-party transactions with JR One Kothari Footwear Private Limited, JR Trading & Services W.L.L, and Evervan Kothari Footwear Private Limited. Additionally, Mr. Gnanasambandam Venkatraghavan was appointed as an Independent Director. The e-voting process was conducted to finalize these resolutions.