KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation Ltd has received listing approval from BSE for 11,31,068 equity shares of Rs.5 face value each, issued at a premium of Rs.202 (i.e., at Rs.207 per share) to non-promoters on a preferential basis. The approval was granted on January 9, 2026. The total value of the preferential issue comes to roughly Rs.23.4 crore. Trading approval is still pending and will be granted only after the company submits NSDL/CDSL credit confirmation and NSE listing approval (if applicable), along with lock-in confirmation for pre-preferential holdings.
Existing shareholders will see a modest increase in share supply once these freshly allotted shares begin trading on BSE, which could create some near-term dilution pressure. The shares were placed at a steep premium (Rs.207 vs Rs.5 face value), suggesting strong pricing for the non-promoter allottees. No immediate stock price catalyst is expected — these are shares that were already issued and are simply awaiting trading permission.