KOTIC · price
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Awaiting price reaction for this filing.
The Board of Kothari Industrial Corporation approved a preferential allotment of 17,11,068 equity shares to non-promoters at Rs. 207 per share (face value Rs. 5, premium Rs. 202), raising about Rs. 35.42 crore. The allottees are 24 identified individuals and entities, with no single investor receiving a large strategic stake — the biggest allottee is getting under 1% of the post-issue capital. The shares are being issued under SEBI's Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018. A shareholder notice seeking approval for the preferential issue will be circulated. The board meeting was held on August 26, 2025, from 4:30 PM to 7:00 PM.
This is a small equity dilution (around 1.6% of expanded capital) to specific non-promoter investors at a significant premium to face value, so cash inflow is modest and impact on existing shareholders' control is limited.