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Kothari Industrial Corporation Limited's board approved the preferential allotment of 1,27,37,600 equity shares. Issued at Rs. 72.60 per share, including a premium, these shares have a face value of Rs. 5 each. The allotment to both promoters and non-promoters has successfully raised approximately Rs. 92.57 Cr for the company. This significant capital infusion is expected to strengthen the company's financial foundation, providing funds for strategic growth initiatives or debt reduction. This move directly impacts the company's equity base and future operational capacity.