Kothari Industrial Corporation Ltd — Important, 15-11-2025: Company Update

Kothari Industrial Corporation Limited (KICL) has received 'In-principle' approval from BSE for a proposed preferential issue of 1,711,068 equity shares. These shares will be issued to non-promoters at a price of Rs. 207 per share (including a Rs. 202 premium), with a face value of Rs. 5. This strategic move aims to raise approximately Rs. 35.38 Cr, bolstering the company's capital base. This approval is a key step in their fundraising strategy, potentially impacting equity structure and future growth initiatives.