KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation Ltd has submitted an application to BSE on December 3, 2025, seeking approval to reclassify three entities — Saloman Investment Limited, Ms. Asha Thayer, and Mr. Mohan Das — from the 'Promoters and Promoter Group' category to the 'Public' category. This follows earlier intimation dates of November 28 and November 29, 2025, regarding receipt of the reclassification request and the board meeting outcome. The application is filed under Regulation 31A of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The document does not disclose the shareholding percentages involved or the resulting promoter group holding post-reclassification.
If approved, the promoter group's shareholding in the company will formally reduce as these three entities move to the public category, which may increase the public float and could affect promoter shareholding thresholds. Investors should watch for BSE's approval and any subsequent changes in promoter/public holding disclosures.