KOTIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kothari Industrial Corporation Ltd received shareholder approval through postal ballot on October 25, 2025, for reclassifying shareholding from 'promoter/promoter group' to 'Public Category' under SEBI (LODR) Regulations 2015. Two outgoing promoter group members are Asha Thayer holding 1,03,990 shares (0.10%) and another member holding 450 shares (negligible). The company filed this intimation with BSE under Regulations 30 and 31A. This reclassification means these shareholders will now be treated as public shareholders rather than promoters.
This is a routine administrative reclassification with minimal impact as the total shares being reclassified amount to only 0.10% of the company. It does not involve any actual share sale or transfer and has no immediate material impact on stock price or shareholder control dynamics.