KOTIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kothari Industrial Corporation Limited held its EGM on June 13, 2025 via video conferencing, chaired by Mr. Rafiq Ahmed. Eight special business items were tabled for shareholder approval, including the introduction of the KICL Employee Stock Option Scheme 2025 and granting ESOPs equal to or above 1% of issued capital to identified employees. The company also sought approval to issue 1,36,37,600 equity shares to promoters and non-promoters on a preferential basis, along with consent to change the use of proceeds from that preferential issue. Three material related party transactions were proposed with JR One Kothari Footwear, JR Trading & Services W.L.L, and Evervan Kothari Footwear. Additionally, Mr. Gnanasambandam Venkatraghavan (DIN: 03482581) was proposed for appointment as an Independent Director. Voting was conducted through remote e-voting from June 10-12, 2025 and during the EGM, with results to be announced within two working days; no shareholder speakers registered at the meeting.
The EGM covers several capital-structure and governance actions — an ESOP scheme, a large preferential share issuance, related party deals, and a new independent director. Voting outcomes (yet to be announced) will determine dilution for existing shareholders and clarity on related-party exposure, both of which can materially influence the stock's near-term direction.