Kothari Industrial Corporation Ltd — Important, 26-08-2025: Company Update

Kothari Industrial Corporation Limited's board has approved a preferential issue of 17,11,068 equity shares to non-promoters. Each share, with a face value of Rs. 5, will be issued at Rs. 207, including a Rs. 202 premium. This issuance aggregates to approximately 35.48 Cr, which will infuse capital into the company. The board also approved a draft notice to seek shareholder approval for this proposed issue, a crucial step for its completion. This move will dilute existing equity but bring in necessary funds.