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Kothari Industrial Corporation Limited (KICL) has secured 'In-principle' approval from BSE for its planned preferential issue. This significant step allows KICL to proceed with issuing 13,637,600 equity shares. Each share will be priced at Rs. 72.60 (including a premium of Rs. 67.60) and offered to both promoter and non-promoter groups. This approval is crucial as it paves the way for the company to raise capital, strengthening its financial position and supporting future growth initiatives.