KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation informed BSE that Mr. S Ramanathan, a proposed allottee in the company's preferential issue, was found ineligible under SEBI's ICDR Regulations, 2018. The board, at its meeting on June 4, 2025, replaced him with Ms. Ramanathan Kalyani, a non-promoter who currently holds 54,851 equity shares (0.05%). She will be allotted 22,000 equity shares, taking her post-issue holding to 76,851 shares (0.07%). The overall issue size and total number of shares to be allotted remain unchanged.
This is a routine administrative change in the proposed allottee list and does not alter the size or structure of the preferential issue, so the impact on existing shareholders is neutral.