Kothari Industrial Corporation Ltd — Important, 29-11-2025: Company Update

Kothari Industrial Corporation's Board approved a Joint Venture with Italy's Accademia TUAD to form Kothari IUAD Private Limited. This new subsidiary will launch an International Footwear Design & Technology Educational Institution in India. KICL will hold a 51% majority stake, investing ₹2.55 Cr into the initial ₹5 Cr paid-up capital. This strategic move deepens KICL's footprint in the footwear sector by integrating design education, combining TUAD's expertise with KICL's industry and funding. It's set to boost skill development in the footwear industry.