MOU
KOTIC · price
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Kothari Industrial Corporation Ltd has signed an MoU on 24 September 2025 with Accademia IUAD, a reputed design university based in Italy, to set up a Joint Venture in India. The JV will establish an international-standard training center in Tamil Nadu, initially focused on the footwear and fashion accessories sectors, with scope to expand into other design and fashion disciplines offered by IUAD. The partnership aims to combine IUAD's academic expertise with Kothari's business capabilities to promote skill development and professional opportunities in these sectors. Further details will be disclosed once the definitive Joint Venture Agreement is executed.
This is a strategic diversification move into design education and skill development, which could open a new revenue stream for shareholders. However, since only an MoU has been signed, the actual financial impact remains uncertain until a binding agreement and concrete terms are announced.