Kothari Industrial Corporation Ltd — Updates, 02-08-2025: Company Update

Kothari Industrial Corporation (KICL) announced that its Board approved the issuance of equity shares after receiving in-principle approval for 1.36 Cr shares. The company has allotted 1.27 Cr fully paid-up equity shares on July 23, 2025, and an additional 0.042 Cr fully paid-up shares on August 2, 2025. These recent 4.20 lakh share allotments on August 2 were made to non-promoter shareholders, specifically Khushboo Choudhary (4 lakh shares) and M Vagithumar (20,000 shares). This issuance increases KICL's equity base and diversifies its shareholder roster.