Kothari Industrial Corporation Ltd — Others, 14-06-2025: AGM/EGM

Kothari Industrial Corporation Limited has announced the successful passing of all resolutions at its Extra-Ordinary General Meeting held via video conference. Key approvals included the adoption of the KICL Employee Stock Option Scheme 2025, issuance of 1.36 crore equity shares on a preferential basis, changes in utilization of preferential issue proceeds, and several related-party transactions with entities like JR One Kothari Footwear Pvt. Ltd., JR Trading & Services W.L.L., and Evervan Kothari Footwear Pvt. Ltd. Additionally, Mr. Gnanasambandam Venkatraghavan was appointed as an Independent Director. Voting was overwhelmingly in favor, reflecting strong shareholder support for the company’s strategic initiatives and governance.