Kothari Industrial Corporation Ltd — Important, 03-12-2025: Company Update

Kothari Industrial Corporation Limited has issued a revised announcement regarding a recent board meeting. The company clarified that shareholder approval is indeed required for reclassifying certain individuals from the 'Promoter and Promoter Group' to the 'Public' category. This update corrects an earlier statement and is crucial because one reclassifying person is related to an existing promoter, and their combined stake equals 1% of total voting rights. The Board has approved this reclassification, contingent on shareholder and other necessary regulatory approvals, ensuring transparent compliance.