Kothari Petrochemicals Limited — JV/Acquisition, 19-05-2026: Amalgamation/Merger

Kothari Petrochemicals (KPL) has approved the merger with Kothari Sugars and Chemicals (KSCL), a move designed to simplify the group structure, optimize costs, and bolster financial strength. This strategic amalgamation aims for operational synergies, better resource utilization, and enhanced growth prospects for the combined entity. KSCL shareholders 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, with KPL at ₹372.26 Cr net worth and ₹591.39 Cr turnover (as of Mar 31, 2026). The combined entity will have a public shareholding of ~27.50%. The merger awaits regulatory and shareholder approvals.