KOTIC · price
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Kothari Industrial Corporation held its Extra-Ordinary General Meeting on 27 January 2026 via video conference, chaired by Mr. Rafiq Ahmed. Two special business items were taken up for shareholder approval: (1) appointment of Mr. Ravikumar Perumal as an Independent Director of the company, and (2) approval for grant of Employee Stock Options under the KICL ESOP 2025 scheme to eligible employees of the company's subsidiary or associate companies. E-voting commenced on 24 January 2026 and continued during the meeting. The Chairman, Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee members were present. The meeting concluded at 11:07 AM, with results to be declared within 2 working days.
These are procedural resolutions — a new Independent Director adds to board oversight, while the ESOP 2025 scheme extends stock-based incentives to employees of subsidiaries and associates, which may involve minor future dilution but is generally viewed as a positive employee retention mechanism.