Kothari Fermentation & Biochem Ltd — Important, 07-07-2026: Company Update

Kothari Fermentation and Biochem received a penalty notice from Paschimanchal Vidyut Vitran Nigam (PVVNL) for alleged delayed renewal of Bank Guarantees. The penalty amounts to ¥52,17,724. The company disputes this, asserting the delay was caused by PVVNL's failure to provide necessary information and approvals. Kothari Fermentation is appealing the notice and exploring legal options. This incident has no impact on company operations, and any financial effect will be limited to the penalty amount, contingent on the appeal's outcome.