LOI
KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation Ltd has signed a non-binding Letter of Intent with Kickers International BV and the Royer Group of Companies on February 5, 2026, to explore a joint venture in India. The proposed deal could involve acquiring Kickers brand intellectual property rights for certain markets and/or taking an equity stake in a new entity that would hold the global Kickers brand IP. The LOI is only exploratory at this stage — no binding agreements have been signed yet, and definitive agreements will depend on due diligence, independent valuation, Board and shareholder approvals, and regulatory clearances. Further disclosures will be made as the transaction develops.
This is early-stage and non-binding, so there is no immediate impact on shareholders or the stock price. However, if the JV materializes, it could give the company access to a recognized international footwear brand, potentially opening a new growth avenue. Investors should watch for further updates on valuation and definitive agreements.