ALPHA TRIBE

Kothari Industrial Corporation LtdImportant, 30-06-2026: Company Update

30-06-2026 | 02:54 pm

Kothari Industrial Corporation Limited has resubmitted its financial results for the quarter and year ended March 31, 2026, after the Company's Board approved the revised figures. The company reported a standalone net loss of ₹31.19 crore and a consolidated net loss of ₹72.19 crore for the year. Despite the losses, management outlined plans for expansion and additional financing to ensure continued operations. Notable business activities included securing ₹36 crore in unsecured loans and progressing on land acquisition for a new factory. Auditors highlighted concerns regarding outstanding subsidy, unreconciled balances, and inventory valuation, which management is addressing.

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