Kothari Industrial Corporation Ltd — Important, 09-07-2026: Company Update

Kothari Industrial Corporation Limited (KICL) announced a significant development for its associate company, Phoenix Kothari Footwear Private Limited. Its subsidiary, Evervan Kothari Footwear Private Limited, is establishing a new state-of-the-art footwear manufacturing facility in Karur, Tamil Nadu, dedicated to producing Adidas footwear. A ground-breaking ceremony for this facility is scheduled and will be attended by the Chief Minister of Tamil Nadu. KICL is arranging a live webcast for shareholders to witness this key milestone, highlighting progress in its broader business interests.