KOTIC · price
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Kothari Industrial Corporation Ltd has allotted 1,27,37,600 equity shares of Rs. 5 face value at Rs. 72.60 per share, which includes a premium of Rs. 67.60 per share. The allotment was made on a preferential basis to promoters and non-promoters, following receipt of in-principle approval from BSE. The Board approved the allotment at its meeting held on July 23, 2025. The annexure lists over 40 non-promoter allottees comprising individuals, LLPs, and corporate entities, though no promoter allottee is explicitly detailed in the visible portion. Total capital raised is approximately Rs. 92.5 crore.
This preferential allotment will dilute existing shareholders' equity stakes, but the significant premium over face value signals confidence from incoming investors and brings in meaningful fresh capital for the company.