Kothari Industrial Corporation Ltd — Important, 28-11-2025: Company Update

Kothari Industrial Corporation has received requests from M/s. Saloman Investment Limited, Ms. Asha Thayer, and Mr. Mohan Das to reclassify them from the promoter/promoter group to the public category. Saloman Investment Limited, which has been wound up, no longer holds shares or exercises control. Ms. Thayer and Mr. Das confirm they do not hold significant voting rights, exercise control, or have special rights in the company. This reclassification, driven by compliance and reflecting their current relationship with the company, will be presented to the Board for consideration, clarifying the company's shareholding structure.