outcome
KOTIC · price
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The Board of Directors of Kothari Industrial Corporation Ltd, at its meeting held on August 26, 2025, approved the issuance of 17,11,068 equity shares at a price of Rs. 207 per share, including a premium of Rs. 202 per share over the face value of Rs. 5. The total issue size aggregates to approximately Rs. 35.41 crore, to be allotted on a preferential basis to non-promoter investors. The allotment list includes 24 identified allottees, with D Purushothaman receiving the largest allocation of 4,00,000 shares, followed by A Cletus with 2,50,000 shares and Natarajan with 2,80,000 shares. The board also approved the draft notice to shareholders seeking their approval for the proposed preferential issue. The issue will be carried out in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Existing shareholders will face equity dilution as new shares are issued, but the company will raise approximately Rs. 35.41 crore from non-promoter investors, strengthening its capital base. The substantial premium of Rs. 202 per share indicates investor confidence, though the stock may see short-term pressure due to dilution.