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

Kothari Industrial Corporation Limited (KICL) has approved a Joint Venture with Italy's ACCADEMIA TUAD to form a new subsidiary. This strategic move aims to establish an International Footwear Design & Technology Educational Institution/University in India, which complements KICL’s existing footwear business. KICL will hold a 51% stake in the new company, investing ₹2.55 Crore in equity shares. The new company's proposed paid-up capital is ₹5 Crore and authorized capital is ₹10 Crore. This initiative leverages design expertise to expand into the education sector, potentially boosting future growth and market presence for KICL.