Kothari Industrial Corporation Ltd — Important, 16-04-2026: Company Update

Kothari Industrial Corporation Limited (KICL) has increased its stake in Phoenix Kothari Footwear Private Limited (PKFPL) to 30% by acquiring 2,70,00,000 equity shares. This investment, valued at 27 Cr, aims to strengthen KICL's footprint in the footwear manufacturing and trading business, aligning with its long-term growth strategy. Notably, PKFPL reported nil turnover for the past three fiscal years.