MOU
KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation Ltd has signed an MoU with ITECH Lyon, France on 25th February 2026 for academic collaboration in Leather Technology. The partnership aims to bring the latest technological innovations and teaching services to students, with the company providing infrastructure and administrative support. The collaboration is expected to strengthen technical capabilities and skill development in leather and polymer-related areas. Further disclosures will follow once definitive agreements are executed. The MoU was signed by Mr. Rafiq Ahmed (Executive Chairman & MD) and Mr. Jérôme Marcilloux (General Director of ITECH Lyon).
This is a non-binding MoU at the academic/training level rather than a commercial deal, so immediate financial impact is limited. It signals the company's intent to upgrade skills and technology in its core leather and polymer business, which could support long-term capability building but is unlikely to move the stock materially in the short term.