KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation has called an Extra-Ordinary General Meeting on January 27, 2026, at 11:00 a.m. via video conferencing. Two special resolutions will be tabled. The first is the appointment of Mr. Ravikumar Perumal (DIN: 09683689) as an Independent Director for a five-year term from October 29, 2025 to October 28, 2030; he brings over 34 years of experience in strategic leadership, business development, and operations. The second is approval to grant up to 46,86,000 employee stock options under the KICL ESOP 2025 scheme to eligible employees of the company's subsidiary and associate companies. Remote e-voting will be open from January 24 to January 26, 2026, with January 20, 2026 set as the cut-off date for shareholder eligibility.
The ESOP extension to subsidiary and associate employees could lead to mild dilution of equity but is aimed at retaining and motivating talent across the group. The new Independent Director appointment is a routine governance move and is unlikely to move the stock price on its own.