Kothari Industrial Corporation Ltd — Important, 25-04-2026: Company Update

The company's shareholders have approved three key proposals through a postal ballot. This includes the appointment of Mrs. Priya Rao as an Independent Director and Ms. Rafiq Ahmed Sulaiha Banu as a Non-executive Director, which will strengthen the board with new expertise. Additionally, shareholders approved the reclassification of the 'promoter / promoter group' to the 'public' category. This move significantly alters the company's ownership structure, potentially increasing public float and aligning with governance standards, impacting stakeholder perception and future strategic flexibility.