KOTIC · price
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Kothari Industrial Corporation Ltd (KICL) has signed a 5-year business agreement with Zaimus Trends Private Limited (ZTPL), effective 4 August 2025 to 3 August 2030. Under the deal, ZTPL will handle sourcing, manufacturing, supply, and brand management of footwear products under KICL-owned trademarks 'Jeetlo', 'Zodiz' and 'Zodiz Kidoz', with an exclusive trademark license granted to ZTPL. KICL will route 20% of its annual footwear purchases through ZTPL and pay an upfront amount of Rs. 1.39 crore, while ZTPL will earn a 0.5% sourcing fee and a 2% market management fee on invoiced value. ZTPL reported FY25 turnover of about Rs. 24.26 crore against a paid-up capital of Rs. 10 lakh. The transaction is not a related-party deal, and the rationale is to leverage ZTPL's expertise to strengthen KICL's position in the affordable, non-leather footwear segment.
This is a modest operational and brand-licensing arrangement rather than a transformative deal — the total upfront commitment is only Rs. 1.39 crore and the partner is a relatively small entity. For shareholders, the immediate financial impact is limited, though it signals KICL's continued push to expand its footwear business through outsourced manufacturing and licensing partnerships.