KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation has informed the stock exchanges about a Board Meeting scheduled for Saturday, 17 May 2025. The Board will consider introducing an Employee Stock Option Scheme (ESOP) for its employees. It will also consider approving an issue of equity shares through a preferential allotment route under SEBI's ICDR Regulations, subject to shareholder and regulatory approvals. Additionally, the Board will fix the date for an Extra-Ordinary General Meeting (EGM) and appoint a scrutinizer for the remote e-voting process. The trading window for insiders has been closed since 1 April 2025 and will remain closed until 48 hours after the declaration of Q4 and FY25 financial results.
Shareholders should watch this meeting closely as the company may dilute equity via a preferential allotment and introduce an ESOP, both of which could affect shareholding patterns and per-share value. An EGM will follow for shareholder approval, giving investors a chance to vote on the proposed capital actions.