Kothari Industrial Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/05/2025 ,inter alia, to consider and approve Notice pursuant ....
KOTIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kothari Industrial Corporation Ltd has informed BSE that its Board of Directors will meet on 17th May 2025. Key agenda items include considering an Employee Stock Option Scheme (ESOP) and approving the issue of equity shares through a preferential allotment under SEBI ICDR Regulations, subject to shareholder and regulatory approvals. The Board will also fix the date for an Extra General Meeting (EGM) to seek shareholder approval and appoint a scrutinizer for the e-voting process. The trading window for insiders has been closed since 1st April 2025 until 48 hours after the Q4 and FY25 financial results are declared.
If approved, the preferential allotment could lead to dilution of existing shareholders, while the ESOP may align employee interests with shareholders. The stock may see some volatility post-Board meeting on 17th May once details of the preferential issue (price, investors, size) are disclosed.