Kothari Industrial Corporation Ltd — Important, 30-01-2026: Company Update

Kothari Industrial Corporation Limited (KICL) has addressed market reports concerning its potential acquisition of the iconic French footwear brand, Kickers. The company clarified that any decision to purchase the brand is subject to the consent and approval of its Board of Directors. This potential acquisition would also require the completion of due diligence and other necessary formalities. KICL confirmed there are no legal or regulatory proceedings initiated or pending in connection with this matter. The company commits to making appropriate disclosures to stock exchanges upon Board approval and finalization of any binding agreement, informing investors about this potential strategic move.