KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation has issued a corrigendum (correction) to the original EGM notice dated May 17, 2025. The EGM, to be held on June 13, 2025 at 11 AM via video conferencing, will consider a special resolution for issuing equity shares on a preferential basis to a promoter and non-promoter. The corrigendum replaces Mr. S Ramanathan, a proposed allottee who was found ineligible for the preferential issue, with Ms. Ramanathan Kalyani. She currently holds 54,851 shares (0.05%) and will be allotted an additional 22,000 equity shares, bringing her post-issue holding to 76,851 shares (0.07%). The company has clarified there is no change in the overall shareholding pattern.
This is a procedural correction and does not change the total amount of the preferential issue or the shareholding pattern. Investors should note the revised list of allottees before the EGM vote on June 13, but the stock price is unlikely to be materially impacted.