Kothari Industrial Corporation Ltd — Important, 31-01-2026: Company Update

Kothari Industrial Corporation Limited has signed a non-binding Memorandum of Understanding with REDZIS.L. and CMI to launch Footwear Development Coaching and Training Programs. This initiative will leverage REDZ1's Icad technology. KICL will contribute infrastructure and administrative support, while REDZ1/CMI will provide software licenses, trainer training, and curriculum. Revenue will be split 60% for KICL and 40% for REDZ1. This three-month MoU is a step towards a definitive agreement, potentially expanding KICL's business into education and training with a clear revenue share arrangement.