KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation Ltd (KOTIC) has allotted 4,20,000 fully paid-up equity shares on August 2, 2025, following earlier in-principle approval for issuance of 1,36,37,600 shares. Of that, 1,27,37,600 shares were already allotted on July 23, 2025, and the remaining 4,20,000 shares were allotted to two non-promoter allottees — Khushboo Choudhary (4,00,000 shares) and M Vagithumar (20,000 shares). The document does not disclose the issue price, purpose of fundraising, or the broader context of the total approved issuance.
Minor equity dilution from this specific tranche is small (4,20,000 shares), but the broader approved issuance of 1.36 crore shares may dilute existing shareholders depending on pricing and purpose, which remains undisclosed.