Kothari Sugars And Chemicals Limited — JV/Acquisition, 19-05-2026: Amalgamation/Merger

Kothari Sugars (KSCL) will merge into Kothari Petrochemicals (KPL). This amalgamation aims to streamline the group structure, reduce operational costs, and boost overall financial strength and profitability. Shareholders of KSCL will receive 1 KPL share for every 5 KSCL shares held. KSCL reported a net worth of ~295.62 Cr and turnover of ~246.78 Cr, while KPL had ~372.26 Cr net worth and ~591.39 Cr turnover (as of March 31, 2026). The combined entity expects to unlock synergies and pursue enhanced growth opportunities. The merger is subject to necessary approvals.