Kothari Industrial Corporation Ltd — Important, 23-02-2026: Company Update

Kothari Industrial Corporation has resubmitted its Limited Review Report for consolidated financial results for the quarter and nine months due to a typographical error in the original period mentioned. Auditors highlighted several concerns: insufficient evidence for Rs 1.19 Cr revenue, unaccrued divisional income, pending stamp duty assessment on land/plant sales (Rs 48.95 Cr and Rs 1.33 Cr), unconfirmed balances, and Rs 0.01 Cr TDS defaults. A pending land dispute could also create a liability. The company also reported a share of Rs 22.57 Cr net loss from an associate for the quarter, and the impact of new Labour Codes on employee benefits is still being evaluated.