agreements
KOTIC · price
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Kothari Industrial Corporation Ltd (KICL) has entered into an Asset Purchase Agreement to acquire certain assets from M/s Zaimus Trends Private Limited (ZTPL), a footwear company operating brands 'Jeetto', 'Zodiz' and 'Zodiz Kidoz'. The deal is for a cash consideration of INR 70 Lakhs and involves leasehold rights to facilities plus movable assets like plant and machinery critical for footwear production. ZTPL's turnover has declined sharply from Rs. 55.2 crore in FY23 to Rs. 24.3 crore in FY25. The transaction is not a related party deal, no government approvals are required, and completion is expected within 10 days of execution.
This small-ticket acquisition strengthens KICL's footwear manufacturing capabilities and supply chain for its assigned trade marks, supporting its push into the affordable footwear segment. The low deal size (Rs. 70 Lakhs) limits financial risk, while the declining turnover of ZTPL signals KICL is buying assets cheaply to scale its own footwear business.